American Axle Q3 Earnings Beat Expectations, Guidance Revised

Zacks11-12

American Axle & Manufacturing Holdings AXL reported third-quarter 2024 adjusted earnings of 20 cents per share, which surpassed the Zacks Consensus Estimate of a cent. The company had incurred a loss ...

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The company had incurred a loss ...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-axle-q3-earnings-beat-161500799.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Axle Q3 Earnings Beat Expectations, Guidance Revised</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Axle Q3 Earnings Beat Expectations, Guidance Revised\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 00:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/american-axle-q3-earnings-beat-161500799.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>American Axle & Manufacturing Holdings AXL reported third-quarter 2024 adjusted earnings of 20 cents per share, which surpassed the Zacks Consensus Estimate of a cent. The company had incurred a loss ...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-axle-q3-earnings-beat-161500799.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AFG","symbol_name":"美国金融集团有限公司","start_time":0,"source_url":"https://finance.yahoo.com/news/american-axle-q3-earnings-beat-161500799.html","article_id":"2482175311","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5Nggp_Wx9zscX2wMtVDLMw--~B/aD0zOTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/151b82f71a601e92bed5c7a6a599c37c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482175311","pubTimestamp":1731341700,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"American Axle & Manufacturing Holdings AXL reported third-quarter 2024 adjusted earnings of 20 cents per share, which surpassed the Zacks Consensus Estimate of a cent. The company had incurred a loss of 11 cents per share in the year-ago quarter.The company generated quarterly revenues of $1.50 billion, missing the Zacks Consensus Estimate of $1.51 billion. Revenues declined 3% on a year-over-year basis.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.American Axle & Manufacturing Holdings, Inc. Price, Consensus and EPS Surprise. American Axle & Manufacturing Holdings, Inc. price-consensus-eps-surprise-chart | American Axle & Manufacturing Holdings, Inc. Quote. AXL currently carries a Zacks Rank #3 .Some better-ranked stocks in the auto space are Dorman Products, Inc. DORM, Tesla, Inc. TSLA and BYD Company Limited BYDDY, each sporting a Zacks Rank #1  at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AFG":"美国金融集团有限公司","AXL":"美国车桥"},"translate_title":"American Axle第三季度盈利超出预期，指引修订","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"AXL":0.9},"content_text":"American Axle & Manufacturing Holdings AXL reported third-quarter 2024 adjusted earnings of 20 cents per share, which surpassed the Zacks Consensus Estimate of a cent. The company had incurred a loss of 11 cents per share in the year-ago quarter.The company generated quarterly revenues of $1.50 billion, missing the Zacks Consensus Estimate of $1.51 billion. Revenues declined 3% on a year-over-year basis.\nStay up-to-date with the quarterly releases: See Zacks Earnings Calendar.\n\nAmerican Axle & Manufacturing Holdings, Inc. Price, Consensus and EPS Surprise\n\nAmerican Axle & Manufacturing Holdings, Inc. price-consensus-eps-surprise-chart | American Axle & Manufacturing Holdings, Inc. Quote\n\nSegmental Performance\nIn the reported quarter, the Driveline segment recorded sales of $1.04 billion, down 1.7% year over year. The figure, however, surpassed our estimate of $1.03 billion. The segment registered adjusted EBITDA of $135.7 million, which fell 1.1% on a year-over-year basis and missed our estimate of $141.5 million.The company’s Metal Forming business generated revenues of $596.5 million, which fell 4.5% from the year-ago quarter’s figure and missed our estimate of $604.5 million. The segment registered an adjusted EBITDA of $38.7 million, which rose 98.5% and outpaced our estimate of $21.3 million.\nFinancial Position\nAmerican Axle’s third-quarter SG&A expenses totaled $94.6 million, up from the year-ago quarter’s reported figure of $81.8 million.Net cash provided by operating activities was $143.6 million, down from $178.3 million in the year-ago period.Capital spending in the quarter was $72.9 million, up from $47.5 million reported in the year-ago period.In the three months ended Sept. 30, 2024, the company posted an adjusted free cash flow of $74.6 million compared with $135.8 million recorded in the year-ago period.As of Sept. 30, 2024, American Axle had cash and cash equivalents of $542.5 million, up from $519.9 million as of Dec. 31, 2023.Its net long-term debt was $2.64 billion, down from $2.75 billion as of Dec. 31, 2023.\nAXL Revises 2024 Outlook\nAmerican Axle now envisions full-year 2024 revenues in the band of $6.10-$6.15 billion compared with the prior estimated range of $6.10-$6.30 billion. Adjusted EBITDA is estimated in the band of $715-$745 million compared with the previous projection of $705-$755 million. Adjusted free cash flow is expected in the range of $200-$220 million compared with the previous estimate of $200-$240 million.\nZacks Rank & Key Picks\nAXL currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the auto space are Dorman Products, Inc. DORM, Tesla, Inc. TSLA and BYD Company Limited BYDDY, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for DORM’s 2024 sales and earnings suggests year-over-year growth of 3.66% and 51.98%, respectively. EPS estimates for 2024 and 2025 have improved 25 cents and 21 cents, respectively, in the past seven days. The Zacks Consensus Estimate for TSLA’s 2024 sales suggests year-over-year growth of 2.94%. EPS estimates for 2024 and 2025 have improved by 20 cents and 13 cents, respectively, in the past 30 days. The Zacks Consensus Estimate for BYDDY’s 2024 sales and earnings suggests year-over-year growth of 23.61% and 31.51%, respectively. EPS estimates for 2024 and 2025 have improved by 23 cents and 26 cents, respectively, in the past seven days.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmerican Axle & Manufacturing Holdings, Inc. (AXL) : Free Stock Analysis Report\nTesla, Inc. (TSLA) : Free Stock Analysis Report\nDorman Products, Inc. (DORM) : Free Stock Analysis Report\nByd Co., Ltd. (BYDDY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482175311"}