American Axle & Manufacturing (AXL) 2025 Conference August 12, 2025 10:20 AM ET Speaker0Okay. We're going to get going with the next presentation. Once again, I'm Ryan Brinkman, U. S. Automotive Equity Research Analyst at JPMorgan.Very excited to have with us Chris May, Executive Vice President and Chief Financial Officer of American Axle and Manufacturing and David Lim, Head of Investor Relations. I think Chris has got a few minutes of prepared remarks, a slide or two, and then we'll engage in a fireside c ...

Core Insights - American Axle & Manufacturing Holdings (AXL) reported second-quarter 2025 adjusted earnings of 21 cents per share, exceeding the Zacks Consensus Estimate of 13 cents, and up from 19 cents in the same quarter last year [1][8] - The company generated quarterly revenues of $1.54 billion, surpassing the Zacks Consensus Estimate of $1.51 billion, although this represents a 5.5% decline year-over-year [1][8] Segment Performance - The Driveline segment recorded sales of $1.08 billion, down 3.7% year-over-year, but exceeded the estimate of $1.05 billion, with adjusted EBITDA of $148.9 million, a 2% decline year-over-year, yet above the estimate of $139.4 million [2] - The Metal Forming business generated revenues of $598.4 million, an 8.4% decrease from the previous year, missing the estimate of $609.9 million, with adjusted EBITDA of $53.3 million, down 5.8% year-over-year, but beating the estimate of $41.1 million [3] Financial Position - SG&A expenses for the second quarter totaled $100.8 million, down from $105.2 million in the prior year [4] - Net cash provided by operating activities was $91.9 million, a decrease from $142.8 million year-over-year [4] - Capital spending increased to $52.9 million from $46.6 million in the same quarter last year [4] - Free cash flow for the quarter was $39 million, down from $96.2 million in the year-ago period [5] - As of June 30, 2025, cash and cash equivalents stood at $586.5 million, up from $552.9 million at the end of 2024, while net long-term debt increased to $2.60 billion from $2.58 billion [5] Revised Outlook for 2025 - AXL revised its 2025 revenue guidance to a range of $5.75-$5.95 billion, up from the previous range of $5.65-$5.95 billion [6] - Adjusted EBITDA is now estimated to be between $695-$745 million, revised from the prior guidance of $665-$745 million [6] - Adjusted free cash flow is anticipated to be between $175 million and $215 million, up from the previous target of $165-$215 million [6] Zacks Rank & Comparisons - AXL currently holds a Zacks Rank 3 (Hold) [7] - Other better-ranked stocks in the auto sector include Ferrari N.V. (RACE), PHINIA Inc. (PHIN), and Modine Manufacturing Company (MOD), each with a Zacks Rank 1 (Strong Buy) [7]