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American Axle & Manufacturing Q3 2024 Earnings Report

American Axle & Manufacturing logo
$4.75 -0.21 (-4.23%)
As of 03/3/2025 03:59 PM Eastern

American Axle & Manufacturing EPS Results

Actual EPS
$0.20
Consensus EPS
-$0.05
Beat/Miss
Beat by +$0.25
One Year Ago EPS
-$0.11

American Axle & Manufacturing Revenue Results

Actual Revenue
$1.50 billion
Expected Revenue
$1.51 billion
Beat/Miss
Missed by -$180.00 thousand
YoY Revenue Growth
-3.00%

American Axle & Manufacturing Announcement Details

Quarter
Q3 2024
Time
Before Market Opens

American Axle & Manufacturing Earnings Headlines

Morgan Stanley Remains a Buy on American Axle (AXL)
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American Axle price target lowered to $8 from $10 at Morgan Stanley
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About American Axle & Manufacturing

American Axle & Manufacturing (NYSE:AXL) engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment manufactures axle shafts, ring and pinion gears, differential gears, transmission gears, and shafts and suspension components for original equipment manufacturers (OEMs), and Tier 1 automotive suppliers. The company was founded by Richard E. Dauch on March 1, 1994, and is headquartered in Detroit, MI.

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