Yahoo Finance

• Fourth Quarter 2024 Sales: $1.4 billion.

• Full Year 2024 Sales: Approximately $6.1 billion.

• Fourth Quarter 2024 Adjusted EBITDA: $161 million or 11.6% of sales.

• Full Year 2024 Adjusted EBITDA: $749 million or 12.2% of sales.

• Fourth Quarter 2024 Adjusted EPS: Loss of $0.06 per share.

• Full Year 2024 Adjusted EPS: $0.51 per share.

• Fourth Quarter 2024 Adjusted Free Cash Flow: $79 million.

• Full Year 2024 Adjusted Free Cash Flow: $230 million.

• Fourth Quarter 2024 Gross Profit: $154.3 million.

• Fourth Quarter 2024 SG&A Expense: $89 million or 6.4% of sales.

• Fourth Quarter 2024 Net Interest Expense: $37.3 million.

• Fourth Quarter 2024 Income Tax Expense: $6.8 million.

• Fourth Quarter 2024 GAAP Net Loss: $13.7 million or $0.12 per share.

• Fourth Quarter 2024 Net Cash Provided by Operating Activities: $151.2 million.

• Fourth Quarter 2024 Capital Expenditures: $77.6 million.

• End of 2024 Net Debt: $2.1 billion.

• End of 2024 Total Available Liquidity: Approximately $1.5 billion.

• 2025 Sales Outlook: $5.8 billion to $6.05 billion.

• 2025 Adjusted EBITDA Outlook: $700 million to $760 million.

• 2025 Adjusted Free Cash Flow Outlook: $200 million to $230 million.

• Warning! GuruFocus has detected 5 Warning Signs with AXL.

Release Date: February 14, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• American Axle & Mfg Holdings Inc (NYSE:AXL) closed the year strong with solid operational progress and generated $79 million in adjusted free cash flow in the fourth quarter.

• The company secured a contract extension to supply power transfer units for Ford Maverick and Bronco Sport vehicles, ensuring future business stability.

• AAM's transformational combination with Dowlais is expected to create a leading global driveline and metal forming supplier, enhancing shareholder value.

• The company achieved its financial targets for 2024, coming in at the high end of its adjusted EBITDA range and exceeding the midpoint of its adjusted free cash flow target.

• AAM's 2025 financial outlook includes targeting sales between $5.8 billion to $6.05 billion and adjusted EBITDA of approximately $700 million to $760 million, indicating a stable financial trajectory.

Negative Points

• AAM's adjusted earnings per share in the fourth quarter of 2024 was a loss of $0.06 per share, indicating profitability challenges.

• The company's sales in the fourth quarter of 2024 were $1.38 billion, down from $1.46 billion in the fourth quarter of 2023, reflecting a decline in sales volume.

• Adjusted EBITDA in the fourth quarter of 2024 decreased to $160.8 million from $169.5 million in the previous year, showing a decline in profitability.

• AAM's net debt remains high at $2.1 billion, with a net leverage ratio of 2.8x, indicating significant financial obligations.

• The company anticipates higher cash taxes in 2025, ranging from $60 million to $70 million, which could impact cash flow.