How did AXL's revenue and expenses trend in Q4 2024?

American Axle & Manufacturing Holdings Inc (AXL) experienced a decline in revenue and certain expenses in Q4 2024 compared to the same period in the previous year, reflecting operational challenges and market conditions. 1. **Revenue Trend**: AXL's revenue for Q4 2024 was reported at $1.50 billion. This fell short of the analyst estimate of $1.583 billion and represented a decrease from the $1.551 billion recorded in Q4 2023. The decline in revenue was attributed to lower production volumes on certain platforms and the impact of metal market pass-throughs. 2. **Expense Trend**: The company's net income for Q4 2024 was $10.0 million, a significant improvement from the net loss of $17.4 million in the same quarter of the previous year. This turnaround was reflected in the gross profit, which increased to $171.3 million compared to $130.6 million in the previous year, primarily due to improved operating performance. However, selling, general, and administrative expenses rose to $94.6 million from $81.8 million, mainly due to increased compensation-related expenses. 3. **Cash Flow**: AXL's cash provided by operating activities was $304.2 million, while cash used in investing and financing activities was $174.2 million and $106.0 million, respectively. The company's working capital stood at $84 million. 4. **Overall Performance**: Despite the revenue decline, AXL showed operational improvements and cost controls, as evidenced by the increase in adjusted EBITDA to $174 million. The company also secured new business wins, including an electric beam axle supply contract and electric vehicle components, which are expected to be margin and leverage favorable. In conclusion, AXL's Q4 2024 financial performance showed resilience in net income and cash flow, despite a decline in revenue and certain expenses. The company's strategic initiatives and operational efficiencies are positive indicators for future potential.