Core Insights - Monteverde & Associates PC is investigating American Axle & Manufacturing Holdings, Inc. regarding its proposed merger with Dowlais Group plc, which includes specific terms for Dowlais shareholders [1] Company Overview - Monteverde & Associates PC is recognized as a Top 50 Firm by ISS Securities Class Action Services Report and has successfully recovered millions for shareholders [1] - The firm operates from the Empire State Building in New York City and specializes in class action securities litigation [2] Merger Details - Under the merger agreement, Dowlais shareholders will receive 0.0863 shares of new AAM common stock, 42 pence in cash per share, and up to 2.8 pence of Dowlais FY24 final dividend prior to closing [1]

David Dauch is the chairman and CEO of American Axle & Manufacturing Inc.© 2017 Bloomberg Finance LPAmerican Axle & Manufacturing has agreed to buy Dowlais Group for about $1.44 billion in a cash-and-shares deal that will result in another U.K. company leaving the London stock market.American Axle’s offer represents a 25% premium on Dowlais’ closing price on Tuesday and a 45% premium on the average share price of the London-listed firm over the past three months.The companies’ joint announcement on Wednesda ...

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About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Company Overview - American Axle & Manufacturing Holdings, Inc. is a leading supplier of driveline and drivetrain systems, modules, and components for the light vehicle market, operating around 80 facilities in 18 countries [10] - Major customers include General Motors, Stellantis, and Ford [10] Investment Ratings - AXL is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A [11] - The stock has a Momentum Style Score of B, with shares increasing by 9.3% over the past four weeks [11] Earnings Estimates - Three analysts have revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.01 to $0.35 per share [11] - AXL has an impressive average earnings surprise of 933.4% [11] Investment Potential - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AXL is recommended for investors' short lists [12]

American Axle & Manufacturing Holdings (AXL) reported third-quarter 2024 adjusted earnings of 20 cents per share, which surpassed the Zacks Consensus Estimate of a cent. The company had incurred a loss of 11 cents per share in the year-ago quarter.The company generated quarterly revenues of $1.50 billion, missing the Zacks Consensus Estimate of $1.51 billion. Revenues declined 3% on a year-over-year basis.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Segmental PerformanceIn the re ...

Have you looked into how American Axle & Manufacturing (AXL) performed internationally during the quarter ending September 2024? Considering the widespread global presence of this maker of auto parts, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory ...

Financial Data and Key Metrics Changes - AAM's Q3 2024 sales were $1.5 billion, down from $1.55 billion in Q3 2023 [7][18] - Adjusted EBITDA for Q3 2024 was $174 million, or 11.6% of sales, compared to $156.8 million in Q3 2023 [8][19] - Adjusted earnings per share was $0.20 in Q3 2024, compared to an adjusted loss of $0.11 per share in Q3 2023 [24] - Net cash provided by operating activities was $143.6 million in Q3 2024 [25] - AAM's adjusted free cash flow was $75 million in Q3 2024 [25] Business Line Data and Key Metrics Changes - North American volumes for the industry were down approximately 5% year-over-year and 9% sequentially [9] - AAM experienced year-over-year volume growth in the GM T1XX platform, offsetting some declines [9] - SG&A expense, including R&D, was $94.6 million or 6.3% of sales in Q3 2024, up from $81.8 million or 5.3% of sales in Q3 2023 [21] Market Data and Key Metrics Changes - The company anticipates North American light vehicle production of approximately 15.5 million units for 2024 [33] - AAM's sales target for 2024 is adjusted to a range of $6.1 billion to $6.15 billion [15][28] - The company is monitoring overall industry inventories, which have been rising [16] Company Strategy and Development Direction - AAM is focusing on profitable growth and maintaining product and technology leadership across multiple propulsion systems [15] - The company announced a sale of its India commercial vehicle axle business for $65 million, allowing a stronger focus on light vehicle applications [13][27] - AAM's strategy includes supporting both ICE and EV markets, with a belief that these powertrains will coexist for a long time [14] Management Comments on Operating Environment and Future Outlook - Management noted that OEMs are evaluating future product planning strategies, impacting electrification programs [14] - The company is adjusting its full-year guidance based on current customer production and macroeconomic conditions [15][28] - Management expressed confidence in driving efficiency and cost control, leading to margin expansion despite lower sales [8][10] Other Important Information - AAM's net debt at the end of Q3 2024 was $2.1 billion, with a net leverage ratio of 2.8 times [26] - The company has a total available liquidity of approximately $1.5 billion [26] Q&A Session Summary Question: Concerns about North American light vehicle production outlook - Management confirmed that their guidance is based on current customer releases and production schedules, with ongoing monitoring of large program launches [34][35] Question: Details on the sale of commercial vehicle axle operations in India - The sale includes two facilities, with the third facility retained for light vehicle applications, reflecting a strategic focus shift [37][38] Question: Clarification on Q4 EBITDA expectations - Management indicated that Q4 EBITDA is impacted by production changes and supply chain disruptions, with a focus on managing these dynamics [40][41] Question: Insights on new business backlog and attrition - Management expects attrition to be lower in the future, with ongoing discussions about contract extensions and new business opportunities [46][49] Question: Impact of tariffs and steel prices - Management noted that their sourcing strategy mitigates tariff impacts, and they are not favoring any specific OEMs but managing risk across their portfolio [68][70] Question: Effects of inflation and performance improvements - Management highlighted ongoing productivity enhancements and a favorable position regarding inflation recovery, with expectations for continued performance improvements [55][57]

® Third Quarter 2024 Earnings Call BRINGING THE FUTURE Forward-Looking Statements 2 In this presentation, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results. The terms such as "will," "may," "could," "would," " ...