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American Axle and Manufacturing Holdings Inc  (AXL)
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American Axle and Manufacturing Holdings Inc

AXL's Financial Statements and Analysis



American Axle and Manufacturing Holdings Inc reported in the first quarter of 2024 net earnings per share of $0.17 an improvement compare to net loss per share of $-0.04 recorded a year ago and an improvement compare to net loss per share of $-0.18 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ 0.17 $  1,607 Mill
$+0.21     $+113M     +7.54 %



American Axle And Manufacturing Holdings Inc's Revenue rose by 7.54 % in first quarter of 2024 (Mar 31 2024) year on year, to $1,607 million and advanced by 9.76 % sequentially.


American Axle And Manufacturing Holdings Inc is

More on AXL's Income Statement



American Axle And Manufacturing Holdings Inc 's net income of $20.500 million in the first quarter of 2024 increased from net loss of $-5.100 million I. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-19.100 million recorded in previous quarter.

More on AXL's Growth

American Axle And Manufacturing Holdings Inc Inventories
Inventories grew by 2.63 % to $477 million from I. Quarter a year ago, sequentially inventories fell by -1.26 %. In Mar 31 2024 company's net cash and cash equivalents decreased by $-50 million, capital expenditures fell by -47.37.19%, to $-51 millions compare to same quarter a year ago

More on AXL's Cash flow Statement


American Axle and Manufacturing Holdings Inc does not pay out common stock dividend.

In trailing twelve-month period American Axle and Manufacturing Holdings Inc earned $ 3.17 cash per share, on a free-cash flow basis .

Book value fell by -1.30 % sequentially to $5.15 per share, -74.69% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value grew to $ -0.60 per share from $ -0.95.

Company issued 4.73 million shares or 4.08 % in Mar 31 2024.
Interest Coverage Ratio was 1.08. Debt Coverage Ratio was 0.08.

More on AXL's Dividends

 Market Capitalization (Millions) 894
 Shares Outstanding (Millions) 121
 Total Debt (Millions $) 2,760
 Revenue (TTM) (Millions $) 6,192
 Net Income (TTM) (Millions $) -8
 Cash Flow (TTM) (Millions $) 4
 Capital Exp. (TTM) (Millions $) -200
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 13,050




American Axle and Manufacturing Holdings Inc does not pay out common stock dividend.

In trailing twelve-month period American Axle and Manufacturing Holdings Inc had $ 3.17 cash flow per share, on a free-cash flow basis .

Book value fell by -1.30 % sequentially to $5.15 per share, -74.69% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value grew to $ -0.60 per share from $ -0.95.

Company issued 4.73 million shares or 4.08 % in Mar 31 2024.
Interest Coverage Ratio was 1.08. Debt Coverage Ratio was 0.08.

More on AXL's Balance Sheets

 Market Capitalization (Millions) 894
 Shares Outstanding (Millions) 121
 Total Debt (Millions $) 2,760
 Revenue (TTM) (Millions $) 6,192
 Net Income (TTM) (Millions $) -8
 Cash Flow (TTM) (Millions $) 4
 Capital Exp. (TTM) (Millions $) -200
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 13,050
   


  News about American Axle and Manufacturing Holdings Inc Earnings

American Axle And Manufacturing Holdings Inc Sees Strong Financial Growth in Q1 2024

The latest financial results from American Axle And Manufacturing Holdings Inc have Wall Street analysts buzzing. The company's revenue improvement of 7.537% year on year to $1.61 billion in the most recent fiscal period has helped them reach profitability again, with earnings per share of $0.17. This impressive performance stands in stark contrast to the struggles of many of their peers in the Auto and Truck Parts sector, who have seen top-line contractions during the same period.
Further highlighting their success, American Axle And Manufacturing Holdings Inc saw net earnings of $20.500 million in the most recent fiscal period, a significant improvement over the net loss of $-5.100 million in the same ...

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 re...

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 previou...

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,...

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

Investors are advise...


Date modified: 2024-05-04T06:38:00+00:00





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