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American Axle and Manufacturing Holdings Inc  (AXL)
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Price: $7.0700 $-0.18 -2.483%
Day's High: $7.23 Week Perf: -4.2 %
Day's Low: $ 7.06 30 Day Perf: 6 %
Volume (M): 1,019 52 Wk High: $ 9.55
Volume (M$): $ 7,206 52 Wk Avg: $7.59
Open: $7.16 52 Wk Low: $6.29



 Market Capitalization (Millions $) 819
 Shares Outstanding (Millions) 116
 Employees 13,050
 Revenues (TTM) (Millions $) 6,079
 Net Income (TTM) (Millions $) -34
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 197

American Axle And Manufacturing Holdings Inc

We are a Tier I supplier to the automotive industry. We manufacture, engineer, design and validate driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Our driveline, drivetrain and related products include axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems and metal-formed products. In addition to locations in the United States (U.S.) (Michigan, Ohio and Indiana), we also have offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.

We are the sole-source supplier to GM for certain axles and other driveline products for the life of each GM vehicle program covered by Lifetime Program Contracts and Long Term Program Contracts (collectively, LPCs). Substantially all of our sales to GM are made pursuant to the LPCs. The LPCs have terms equal to the lives of the relevant vehicle programs or their respective derivatives, which typically run 5 to 7 years, and require us to remain competitive with respect to technology, design, quality and cost.

We also supply driveline system products for FCA US LLC (FCA) for heavy-duty Ram full-size pickup trucks and its derivatives, the AWD Jeep Cherokee, the AWD Chrysler 200, and a passenger car driveshaft program. In addition to GM and FCA, we supply driveline systems and other related components to Volkswagen AG (Volkswagen), Audi AG (Audi), Mercedes-Benz, Jaguar Land Rover Automotive PLC (JLR), Honda Motor Co., Ltd., Ford Motor Company (Ford), Nissan Motor Co., Ltd. (Nissan), PACCAR Inc., Harley-Davidson Inc., Daimler Truck and other original equipment manufacturers (OEMs) and Tier I supplier companies such as Jatco Ltd. and Hino Motors Ltd.

We are focused on profitable net sales growth and strengthening our balance sheet by capitalizing on our competitive strengths and continuing to diversify our customer, product and geographic sales mix while providing exceptional value to our customers.

We have aligned our business strategy to build value for our key stakeholders. This strategy emphasizes a commitment to deliver industry leading quality, technology leadership and operational excellence. By focusing on this commitment, we can achieve our key critical business objectives of product and customer diversification, globalization and solid financial performance. This strategy includes the following actions:

Maintain our high quality standards which are the foundation of our product durability and reliability.


AAM has an outstanding daily track record for delivering quality products, having averaged less than 10 discrepant parts per million (PPM) in 2015, as measured by our customers.


In 2014, our Colfor Minerva Facility in Ohio, Auburn Hills Manufacturing location in Michigan and Changshu Manufacturing Facility in China were recognized with the GM Supplier Quality Excellence Award for outstanding performance.


AAM has an enhanced internal quality assurance system that drives continuous improvement to not only meet but exceed the growing expectations of our OEM customers.

Achieve technology leadership by delivering innovative driveline products which improve the diversification of our product portfolio while increasing our total global served market.


AAMs significant investment in research and development (R&D) has resulted in the development of advanced technology products designed to assist our customers in meeting the market demands for improved fuel efficiency; lower emissions; enhanced power density; advanced, sophisticated electronic controls; improved safety, ride and handling performance; and enhanced reliability and durability for light trucks, SUVs, passenger cars, crossover vehicles and commercial vehicles.

AAMs EcoTrac® Disconnecting AWD system is a fuel-efficient and environmentally friendly driveline system that provides OEMs the option of an all-wheel-drive system that disconnects when not needed to improve fuel efficiency and reduce CO2 emissions compared to conventional AWD systems. AAMs EcoTrac® Disconnecting AWD system is featured on the AWD Jeep Cherokee and the AWD Chrysler 200. We are currently designing the next generation of our EcoTrac® Disconnecting AWD system which is smaller, lighter in weight and aims to recover up to 90% of fuel penalty, compared to 80% currently.


e-AAM Driveline Systems AB (e-AAM) was created to design and commercialize battery electric and hybrid driveline systems designed to improve fuel efficiency, reduce CO2 emissions and provide AWD capability. We will continue engineering, developing and commercializing electric and hybrid driveline systems for passenger cars and crossover vehicles. In 2015, we secured a new driveline systems contract featuring patented e-AAM™ electric driveline systems technology with a premier global OEM.


AAM has established a high efficiency product portfolio that is designed to improve axle efficiency and fuel economy through innovative product design technologies. As our customers focus on reducing weight through the use of aluminum and other conventional means, AAM is well positioned to offer innovative, industry leading solutions for lightweighting. Our portfolio includes high efficiency axles, aluminum axles and also AWD applications for plug-in hybrid electrical vehicles to full-electric vehicles.


AAM continues to invest in R&D in emerging technology such as torque biasing capability. We have developed capabilities in the areas of control systems and mechatronics to further integrate electronic components such as motors, actuators, and sensors into AAMs mechanical technology to enhance vehicle performance and provide superior torque management.


To accelerate AAMs technological advancements, in 2015 we began the move-in phase of our Advanced Technology Development Center (ATDC) at our Detroit Campus. This state-of-the-art facility will be our center for technology benchmarking, prototype development, advanced technology development, supplier collaboration, customer showcasing and associate training on our future products, processes, and systems.

Sustain our operational excellence and focus on cost management to deliver exceptional value to our customers.


In 2015, we successfully launched 18 programs and facilities to support our customers. These launches included front and rear drive axles for a new global passenger car program for JLR at our Swidnica Manufacturing Facility in Poland, rear axles for a global light truck program for Ford at our Rayong Manufacturing Facility in Thailand and front and rear axles for a full-size pickup truck program for Nissan at our Guanajuato Manufacturing Complex in Mexico.


We continue to focus on cost management through the implementation of the AAM Operating System to improve quality, eliminate waste and reduce lead time and total costs globally.


Our stand-alone agreement with the United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), which covers hourly associates at our Three Rivers Manufacturing Facility, ensures market competitiveness at AAMs largest U.S. facility into 2017. The collective bargaining agreements that cover hourly associates at our MSP Industries Corporation and Colfor Manufacturing Inc. subsidiaries expire in 2017 and 2018, respectively.

Diversify our business through the growth of new and existing customer relationships and expansion of our product portfolio.


In addition to maintaining and building upon our longstanding relationships with GM and FCA, we are focused on generating profitable growth with new and existing global OEM customers. New business launches in 2015 included business with key international customers such as Ford, JLR, Nissan, Mercedes-Benz and others.


We have accelerated the development and launch of products for passenger cars and crossover vehicles and the global light truck and commercial vehicle markets. We have approximately $725 million of new and incremental business backlog launching from 2016 to 2018, of which approximately 75% relates to AWD and RWD applications for passenger cars and crossover vehicles.


Approximately 60% of our new and incremental business backlog launching from 2016 to 2018 is for customers other than GM. In addition, we are working on $1.5 billion in quoted and emerging new business opportunities. These opportunities would allow us to continue the diversification and expansion of our customer base, product portfolio and global footprint. Substantially all of these opportunities are for customers other than GM and feature our advanced technology such as our EcoTrac® Disconnecting AWD system and e-AAM™ electric driveline systems technology.


We also continue to evaluate and consider strategic opportunities that will complement our core strengths and supplement our diversification strategies while providing future, profitable growth prospects



   Company Address: One Dauch Drive Detroit 48211 MI
   Company Phone Number: 758-2000   Stock Exchange / Ticker: NYSE AXL
   


Customers Net Income fell by AXL's Customers Net Profit Margin fell to

-3.35 %

7.82 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DAN   -6.25%    
IEP        0.46% 
NPO   -5.32%    
• View Complete Report
   



American Axle And Manufacturing Holdings Inc

American Axle And Manufacturing Holdings Inc Reports Promising Single Digit Revenue Boost amidst Economic Challenges during Fiscal Q4 2023



American Axle and Manufacturing Holdings Inc (AXL) has recorded financial results for the October to December 31, 2023 fiscal period. While the company experienced revenue growth, it also faced deficits and declining earnings. This article highlights the key financial facts, including deficits per share, revenue growth, inventories, operating earnings, and stock performance.
1. Deficit per Share and Earnings:
For the October to December 31, 2023 fiscal period, AXL recorded a deficit per stock of $-0.18 per share. This represents a decline compared to the $0.10 per share reported in the same period a year before. Additionally, the deficit increased from $-0.15 per share from the preceding reporting period.

American Axle And Manufacturing Holdings Inc

American Axle And Manufacturing Holdings Inc Plunges into Deficit Despite Revenue Growth in Recent Fiscal Period

American Axle And Manufacturing Holdings Inc (AXL) experienced a challenging financial result for the time-frame ending September 30, 2023. The company slipped into a deficit of $-0.15 per share, compared to $0.22 per share the previous year. Earnings per share also fell from $0.07 in the preceding financial reporting period.
Furthermore, the revenue growth was minimal, with an increase of only 1.068% to $1.55 billion from $1.54 billion in the corresponding financial reporting period a year prior. Sequentially, the revenue declined by -1.185%, reaching $1.57 billion. This decline, coupled with the net deficit of $-17.400 million, instead of net income of $26.500 million in the same time-frame the previous year, paints a concerning picture for American Axle And Manufacturing Holdings Inc.

American Axle And Manufacturing Holdings Inc

Despite Earnings Plunge, AXL Records 9% Revenue Upsurge in Q2 2023 - Outshining Auto Industry Peers with a 16.54% Business Boost

American Axle and Manufacturing Holdings Inc, a leading global supplier of driveline and drivetrain systems for the automotive industry, recently reported its financial results for the April to June 30, 2023 interval. While the company experienced expanding sales during this period, its earnings per share (EPS) saw a significant decline.
Comparing the revenue growth on a year-over-year basis, American Axle and Manufacturing Holdings Inc witnessed a 9.171% increase to $1.57 billion, up from $1.44 billion in the previous year. However, earnings per share plummeted by -63.16% to $0.07 per share, compared to $0.19 in the prior year financial reporting period.

American Axle And Manufacturing Holdings Inc

American Axle And Manufacturing Holdings Inc Faces Net Deficit, But Sees Slight Increase in Revenue in Q1 2023

Investors are advised to be wary of American Axle And Manufacturing Holdings Inc's recent financial performance. The most recent fiscal period saw the company experience a net deficit per share of $-0.04, compared to $0.01 in the prior year's financial reporting period. Despite this, revenue increased by 4.018% to $1.49 billion from the prior year.
Comparatively, in the prior financial reporting period AXL reported revenue of $1.39 billion and a bottom line of $0.10 per share. However, the company's net shortfall amounted to $-5.1 million for the January to March 31, 2023 period, which is a significant fall from earnings of $1.0 million reported in a similar period a year before.






 

American Axle And Manufacturing Holdings Inc's Segments
 
 
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  Company Estimates  
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American Axle And Manufacturing Holdings Inc does not provide revenue guidance.

Earnings Outlook
American Axle and Manufacturing Holdings Inc does not provide earnings estimates.

 
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