Loading...
•
Dec 31, 2023
American Axle Q4 2023 Earnings Report
AAM's fourth quarter performance was on track with its improvement objectives, ending a challenging 2023 on a better trajectory.
Key Takeaways
American Axle & Manufacturing Holdings, Inc. reported fourth quarter sales of $1.46 billion and a net loss of $(19.1) million. The adjusted loss per share was $(0.09), and adjusted EBITDA was $169.5 million, or 11.6% of sales. The company's performance was favorably impacted by volume and mix, partially offset by the UAW work stoppage.
Sales reached $1.46 billion.
Net loss amounted to $(19.1) million, or (1.3)% of sales.
Adjusted EBITDA totaled $169.5 million, representing 11.6% of sales.
Adjusted loss per share was $(0.09).
Revenue by Segment
Forward Guidance
AAM is targeting sales in the range of $6.05 - $6.35 billion, Adjusted EBITDA in the range of $685 - $750 million, and Adjusted free cash flow in the range of $200 - $240 million for full year 2024.
Positive Outlook
- Targeting sales between $6.05 and $6.35 billion.
- Targeting Adjusted EBITDA between $685 and $750 million.
- Targeting Adjusted free cash flow between $200 and $240 million.
- North American light vehicle production of approximately 15.8 million units.
- Capital spending of approximately 4.0% - 4.5% of sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...