Did American Axle & Manufacturing Holdings beat or miss consensus estimates last quarter?

What were the key takeaways from American Axle & Manufacturing Holdings’s earnings call?

What is American Axle & Manufacturing Holdings's gross profit margin?

What guidance did American Axle & Manufacturing Holdings's management provide for the next earnings period?

What is American Axle & Manufacturing Holdings's latest dividend and current dividend yield?

What factors drove the changes in American Axle & Manufacturing Holdings's revenue and profit?

What does American Axle & Manufacturing Holdings do and what are its main business segments?

What is the revenue and EPS growth rate for American Axle & Manufacturing Holdings year over year?

- **Q3 EBITDA Margin Expansion**: 130 bps to 12.9%, driveline at 14.9% (highest since 2020).
- **Dowlais Deal Progress**: 8/10 approvals; China/Mexico pending, Q1 2026 close.
- **FY25 Guidance**: Sales $5.8-5.9B, EBITDA $710-745M, free cash $180-210M.
- **ICE Vehicle Strength**: Large trucks/SUVs healthy; EV tax credit expiration supports ICE tail.
- **Balance Sheet**: $1.9B net debt, 2.6x leverage; $700M+ cash, $1.7B liquidity.

**【CEO Summary Section】**
- Q3 2025 sales: $1.51 billion, adjusted EPS: $0.16, up 130 bps in EBITDA margin to 12.9%.
- Driveline EBITDA margin hits 14.9%, highest since 2020; metal forming needs further optimization.
- Dowlais acquisition: 8/10 regulatory approvals secured; China and Mexico pending, expected Q1 2026 close.
- Updated FY25 guidance: Sales $5.8-5.9B, EBITDA $710-745M, free cash flow $180-210M.
- ICE vehicles remain strong; EV tax credit expiration supports ICE tail demand.

**【CFO Financial Commentary】**
- Flat Q3 sales ($1.5B vs. 2024), EBITDA up 11.6% to 12.9% driven by Ram HD volume and mix.
- R&D spending down $20M YoY; SG&A 6.6% of sales, stable cash flow ($143M op cash, $98M free cash).
- Debt: $1.9B net, 2.6x leverage; $700M+ cash, $1.7B liquidity.
- FY25 CapEx: ~5% of sales; $20M restructuring payments.

**【Q&A Highlights】**
- **Onshoring & Dowlais**: Metal forming wins with OEMs; Dowlais deal expected to enhance scale and localization.
- **Regulatory Risks**: China SAMR review ongoing; no major remedies anticipated.
- **Production Volatility**: Q4 2025 North America auto production ~15.1M units; Ram HD launch driving Q4 project spend.
- **Tariffs & Mix**: Tariffs offset by mix gains; driveline margins stable at 25-35%.
- **Metal Forming Restructuring**: Europe plant closures; targeting double-digit margins post-2025.
- **Leverage Outlook**: Post-merger leverage neutral; focus on debt reduction before shareholder returns.

American Axle & Manufacturing Holdings, Inc. (AXL) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

AXL

AXL fundamentals

You can ask Aime