American Axle & Manufacturing Reports Mixed Financial Results

By Bobby Samwell • Friday, February 14 10:21 • Permanent Link

American Axle & Manufacturing Holdings, Inc. (AAM) has released its financial results for the fourth quarter and full year of 2024. In the fourth quarter of 2024, AAM reported sales of $1.38 billion, down from $1.46 billion in the same period in 2023. The net loss for the fourth quarter of 2024 was $(13.7) million, an improvement from the net loss of $(19.1) million in the fourth quarter of 2023.

For the full year 2024, AAM reported sales of $6.12 billion, a slight increase from $6.08 billion in 2023. The net income for the full year 2024 was $35.0 million, a significant improvement from a net loss of $(33.6) million in 2023.

Adjusted EBITDA for the fourth quarter of 2024 was $160.8 million, representing 11.6% of sales, down from $169.5 million, also 11.6% of sales, in the fourth quarter of 2023. However, for the full year 2024, AAM's adjusted EBITDA was $749.2 million, or 12.2% of sales, showing an improvement from $693.3 million, or 11.4% of sales, in 2023.

AAM's net cash provided by operating activities for the fourth quarter of 2024 was $151.2 million, a substantial increase from $52.9 million in the fourth quarter of 2023. For the full year 2024, AAM's net cash provided by operating activities was $455.4 million, up from $396.1 million in 2023.

Adjusted free cash flow for the fourth quarter of 2024 was $79.2 million, a significant increase from $4.5 million in the fourth quarter of 2023. For the full year 2024, AAM's adjusted free cash flow was $230.3 million, compared to $219.0 million in 2023.

Looking ahead to 2025, AAM has set financial targets, including sales in the range of $5.8-$6.05 billion, adjusted EBITDA in the range of $700-$760 million, and adjusted free cash flow in the range of $200-$230 million.

These figures demonstrate AAM's financial performance and its outlook for the future, as it continues to focus on optimizing its core business and pursuing its announced combination with the Dowlais Group. The market has reacted to these announcements by moving the company's shares 8.8% to a price of $5.17. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.