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Dec 31, 2024
American Axle Q4 2024 Earnings Report
Reported a decrease in sales but an improvement in net loss compared to the same quarter last year, with adjusted EBITDA remaining consistent.
Key Takeaways
American Axle & Manufacturing Holdings, Inc. reported Q4 2024 sales of $1.38 billion, a net loss of $13.7 million, and adjusted EBITDA of $160.8 million. The company's sales decreased compared to the fourth quarter of 2023, while net loss improved. They are focused on optimizing their core business and completing the combination with the Dowlais Group.
Sales for Q4 2024 were $1.38 billion, down from $1.46 billion in Q4 2023, impacted by volume and mix.
Net loss in Q4 2024 was $(13.7) million, an improvement from $(19.1) million in Q4 2023.
Adjusted EBITDA was $160.8 million, consistent at 11.6% of sales compared to Q4 2023.
Adjusted loss per share was $(0.06), compared to $(0.09) in Q4 2023.
Revenue by Segment
Forward Guidance
AAM is targeting full year 2025 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.
Positive Outlook
- Targeting sales in the range of $5.8- $6.05 billion.
- Targeting Adjusted EBITDA in the range of $700 - $760 million.
- Targeting Adjusted free cash flow in the range of $200 - $230 million.
- Assumes North American light vehicle production of approximately 15.1 million units.
- Based on AAM's production estimates of key programs.
Challenges Ahead
- Financial outlook does not account for any changes to future policy, including tariffs, tax and other regulations.
- Outlook assumes the sale of AAM's commercial vehicle axle business in India is completed by July 1, 2025.
- Does not reflect any costs and expenses relating to the announced combination with Dowlais, which will impact actual results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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