false000106223100010622312024-11-082024-11-08


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): November 8, 2024

AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)
1-1430338-3161171
 
(Commission File Number)(IRS Employer Identification No.)
One Dauch Drive, Detroit, Michigan
48211-1198
 
(Address of Principal Executive Offices)(Zip Code)
 (313)758-2000
(Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareAXLThe New York Stock Exchange


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 
 



SECTION 2 - FINANCIAL INFORMATION

Item 2.02 Results of Operations and Financial Condition

On November 8, 2024, American Axle & Manufacturing Holdings, Inc., (the “Company” or “AAM”) issued a press release regarding AAM's financial results for the third quarter 2024. A copy of this press release is furnished as Exhibit 99.1.


SECTION 7 - REGULATION FD
Item 7.01 Regulation FD Disclosure

See Item 2.02 Result of Operations and Financial Condition.


SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits
Exhibit No.Description
Press release datedNovember 8, 2024

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
    
 
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
 
Date:November 8, 2024By: /s/ Christopher J. May   
  Christopher J. May 
  Executive Vice President & Chief Financial Officer




EXHIBIT 99.1
aammediareleaseheadera11a.jpg
AAM Reports Third Quarter 2024 Financial Results

AAM Delivers Positive Year-Over-Year Performance

DETROIT, November 8, 2024 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the third quarter 2024.
Third Quarter 2024 Results
•Sales of $1.50 billion
•Net income of $10.0 million, or 0.7% of sales
•Adjusted EBITDA of $174.4 million, or 11.6% of sales
•Diluted earnings per share of $0.08; Adjusted earnings per share of $0.20
•Net cash provided by operating activities of $143.6 million; Adjusted free cash flow of $74.6 million

“AAM delivered solid third quarter financial performance driven by productivity and operating efficiencies,” said AAM’s Chairman and Chief Executive Officer, David C. Dauch. “AAM will continue to focus on factors that we can control, while remaining agile to changing propulsion trends with our comprehensive product portfolio.”

AAM's sales in the third quarter of 2024 were $1.50 billion as compared to $1.55 billion in the third quarter of 2023. Sales for the third quarter of 2024 were negatively impacted by lower volumes on certain platforms.

AAM's net income in the third quarter of 2024 was $10.0 million, or $0.08 per share and 0.7% of sales, as compared to a net loss of $(17.4) million, or $(0.15) per share and (1.1)% of sales in the third quarter of 2023.

Adjusted earnings per share in the third quarter of 2024 was $0.20 compared to Adjusted loss per share of $(0.11) in the third quarter of 2023.

In the third quarter of 2024, Adjusted EBITDA was $174.4 million, or 11.6% of sales, as compared to $156.8 million, or 10.1% of sales, in the third quarter of 2023.

AAM's net cash provided by operating activities for the third quarter of 2024 was $143.6 million as compared to $178.3 million for the third quarter of 2023.

AAM's Adjusted free cash flow for the third quarter of 2024 was $74.6 million as compared to $135.8 million for the third quarter of 2023.










1

AAM's 2024 Updated Financial Outlook
AAM's full year 2024 financial targets are as follows:
•AAM is targeting sales in the range of $6.1 - $6.15 billion vs. $6.1 - $6.3 billion prior.
•AAM is targeting Adjusted EBITDA in the range of $715 - $745 million vs. $705 - $755 million prior.
•AAM is targeting Adjusted free cash flow in the range of $200 - $220 million vs. $200 - $240 million prior; this target assumes capital spending of approximately 4% of sales.

These targets are based on the following assumptions for 2024:
•North American light vehicle production of approximately 15.5 million units.
•AAM's production estimates of key programs that we support.
•Current customer launch schedules and operating environment.

Third Quarter 2024 Conference Call Information
A conference call to review AAM's third quarter results is scheduled for today at 10:00 a.m. ET. Interested participants may listen to the live conference call by logging onto AAM's investor web site at http://investor.aam.com or calling (877) 883-0383 from the United States or (412) 902-6506 from outside the United States with access code 3156544. A replay will be available one hour after the call is complete until November 15, 2024 by dialing (877) 344-7529 from the United States or (412) 317-0088 from outside the United States. When prompted, callers should enter replay access code 1531572.

Non-GAAP Financial Information
In addition to the results reported in accordance with accounting principles generally accepted in the United States of America (GAAP) included within this press release, AAM has provided certain information, which includes non-GAAP financial measures such as Adjusted EBITDA, Adjusted earnings per share and Adjusted free cash flow. Such information is reconciled to its most directly comparable GAAP measure in accordance with Securities and Exchange Commission rules and is included in the attached supplemental data.

Certain of the forward-looking financial measures included in this earnings release are provided on a non-GAAP basis. A reconciliation of non-GAAP forward-looking financial measures to the most directly comparable forward-looking financial measures calculated and presented in accordance with GAAP has been provided. The amounts in these reconciliations are based on our current estimates and actual results may differ materially from these forward-looking estimates for many reasons, including potential event driven transactional and other non-core operating items and their related effects in any future period, the magnitude of which may be significant.

Management believes that these non-GAAP financial measures are useful to management, investors, and banking institutions in their analysis of AAM's business and operating performance. Management also uses this information for operational planning and decision-making purposes.

Non-GAAP financial measures are not and should not be considered a substitute for any GAAP measure. Additionally, non-GAAP financial measures as presented by AAM may not be comparable to similarly titled measures reported by other companies.

Definition of Non-GAAP Financial Measures
AAM defines Adjusted earnings per share to be diluted earnings per share excluding the impact of impact of restructuring and acquisition-related costs, debt refinancing and redemption costs, gains or losses on equity securities, pension curtailment and settlement charges, impairment charges, and non-recurring items, including the tax effect thereon.

AAM defines EBITDA to be earnings before interest expense, income taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA excluding the impact of restructuring and acquisition-related costs, debt refinancing and redemption costs, gains or losses on equity securities, pension curtailment and settlement charges, impairment charges and non-recurring items.

AAM defines free cash flow to be net cash provided by operating activities less capital expenditures net of proceeds from the sale of property, plant and equipment and government grants. Adjusted free cash flow is defined as free cash flow excluding the impact of cash payments for restructuring and acquisition-related costs, and cash payments related to the Malvern fire, including payments for capital expenditures, net of recoveries.

Company Description
As a leading global Tier 1 Automotive and Mobility Supplier, AAM (NYSE: AXL) designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit, with over 80 facilities in 18 countries, AAM is bringing the future faster for a safer and more sustainable tomorrow. To learn more, visit aam.com.
2

Forward-Looking Statements
In this earnings release, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results. The terms such as “will,” “may,” “could,” “would,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “project,” "target," and similar words or expressions, as well as statements in future tense, are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and may differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to: global economic conditions, including the impact of inflation, recession or recessionary concerns, or slower growth in the markets in which we operate; reduced purchases of our products by General Motors Company (GM), Stellantis N.V. (Stellantis), Ford Motor Company (Ford) or other customers; our ability to respond to changes in technology, increased competition or pricing pressures; our ability to develop and produce new products that reflect market demand; lower-than-anticipated market acceptance of new or existing products; our ability to attract new customers and programs for new products; reduced demand for our customers' products (particularly light trucks and sport utility vehicles (SUVs) produced by GM, Stellantis and Ford); risks inherent in our global operations (including tariffs and the potential consequences thereof to us, our suppliers, and our customers and their suppliers, adverse changes in trade agreements, such as the United States-Mexico-Canada Agreement (USMCA), compliance with customs and trade regulations, immigration policies, political stability or geopolitical conflicts, taxes and other law changes, potential disruptions of production and supply, and currency rate fluctuations); supply shortages and the availability of natural gas or other fuel and utility sources in certain regions, labor shortages, including increased labor costs, or price increases in raw material and/or freight, utilities or other operating supplies for us or our customers as a result of pandemic or epidemic illness such as COVID-19, geopolitical conflicts, natural disasters or otherwise; a significant disruption in operations at one or more of our key manufacturing facilities; risks inherent in transitioning our business from internal combustion engine vehicle products to hybrid and electric vehicle products; our ability to realize the expected revenues from our new and incremental business backlog; negative or unexpected tax consequences, including those resulting from tax litigation; risks related to a failure of our information technology systems and networks, including cloud-based applications, and risks associated with current and emerging technology threats and damage from computer viruses, unauthorized access, cyber attacks and other similar disruptions; our suppliers', our customers' and their suppliers' ability to maintain satisfactory labor relations and avoid or minimize work stoppages; cost or availability of financing for working capital, capital expenditures, research and development (R&D) or other general corporate purposes including acquisitions, as well as our ability to comply with financial covenants; our customers' and suppliers' availability of financing for working capital, capital expenditures, R&D or other general corporate purposes; an impairment of our goodwill, other intangible assets, or long-lived assets if our business or market conditions indicate that the carrying values of those assets exceed their fair values; liabilities arising from warranty claims, product recall or field actions, product liability and legal proceedings to which we are or may become a party, or the impact of product recall or field actions on our customers; our ability or our customers' and suppliers' ability to successfully launch new product programs on a timely basis; risks of environmental issues, including impacts of climate-related events, that could result in unforeseen issues or costs at our facilities, or risks of noncompliance with environmental laws and regulations, including reputational damage; our ability to maintain satisfactory labor relations and avoid work stoppages; our ability to consummate strategic initiatives and successfully integrate acquisitions and joint ventures; our ability to achieve the level of cost reductions required to sustain global cost competitiveness or our ability to recover certain cost increases from our customers; price volatility in, or reduced availability of, fuel; our ability to protect our intellectual property and successfully defend against assertions made against us; adverse changes in laws, government regulations or market conditions affecting our products or our customers' products; our ability or our customers' and suppliers' ability to comply with regulatory requirements and the potential costs of such compliance; changes in liabilities arising from pension and other postretirement benefit obligations; our ability to attract and retain qualified personnel in key positions and functions; and other unanticipated events and conditions that may hinder our ability to compete. It is not possible to foresee or identify all such factors and we make no commitment to update any forward-looking statement or to disclose any facts, events or circumstances after the date hereof that may affect the accuracy of any forward-looking statement.

# # #

For more information:
Investor Contact
David H. Lim                        
Head of Investor Relations        
(313) 758-2006                            
david.lim@aam.com

Media Contact
Christopher M. Son
Vice President, Marketing & Communications
(313) 758-4814
chris.son@aam.com

Or visit the AAM website at www.aam.com.
3

AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
 Three Months EndedNine Months Ended
 September 30,September 30,
 2024202320242023
 (in millions, except per share data)
Net sales$1,504.9 $1,551.9 $4,744.1 $4,616.5 
Cost of goods sold1,333.6 1,421.3 4,157.0 4,147.1 
Gross profit171.3 130.6 587.1 469.4 
Selling, general and administrative expenses94.6 81.8 298.1 271.2 
Amortization of intangible assets20.8 21.4 62.1 64.2 
Impairment charge12.0 — 12.0 — 
Restructuring and acquisition-related costs2.2 3.5 9.7 16.2 
Operating income41.7 23.9 205.2 117.8 
Interest expense(45.2)(50.8)(142.1)(151.5)
Interest income7.1 7.1 21.5 18.9 
Other income (expense):
Debt refinancing and redemption costs(0.2)(0.3)(0.5)(0.3)
Loss on equity securities— (1.2)(0.1)(1.2)
Other income (expense), net(5.5)1.9 (14.3)5.1 
 
Income (loss) before income taxes(2.1)(19.4)69.7 (11.2)
Income tax expense (benefit) (12.1)(2.0)21.0 3.3 
Net income (loss)$10.0 $(17.4)$48.7 $(14.5)
Diluted earnings (loss) per share$0.08 $(0.15)$0.40 $(0.12)

4

AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
September 30, 2024December 31, 2023
(Unaudited)
ASSETS(in millions)
Current assets 
Cash and cash equivalents$542.5 $519.9 
Accounts receivable, net900.1 818.5 
Inventories, net465.6 482.9 
Prepaid expenses and other169.2 185.3 
Current assets held-for-sale58.1 — 
Total current assets2,135.5 2,006.6 
Property, plant and equipment, net1,657.0 1,760.9 
Deferred income taxes188.3 169.4 
Goodwill174.1 182.1 
Other intangible assets, net477.5 532.8 
GM postretirement cost sharing asset109.3 111.9 
Operating lease right-of-use assets112.6 115.6 
Other assets and deferred charges474.0 477.0 
Total assets$5,328.3 $5,356.3 
  
LIABILITIES AND STOCKHOLDERS' EQUITY  
Current liabilities  
Current portion of long-term debt$42.7 $17.0 
Accounts payable805.7 773.9 
Accrued compensation and benefits205.4 200.1 
Deferred revenue17.1 16.6 
Current portion of operating lease liabilities23.6 21.9 
Accrued expenses and other175.3 172.1 
Current liabilities held-for-sale24.4 — 
Total current liabilities1,294.2 1,201.6 
 
Long-term debt, net2,638.3 2,751.9 
Deferred revenue42.1 70.4 
Deferred income taxes15.9 16.5 
Long-term portion of operating lease liabilities91.2 95.5 
Postretirement benefits and other long-term liabilities630.3 615.5 
Total liabilities4,712.0 4,751.4 
Total AAM stockholders' equity616.3 604.9 
Total liabilities and stockholders' equity$5,328.3 $5,356.3 

5

AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
   
 Three Months EndedNine Months Ended
 September 30,September 30,
 2024202320242023
 (in millions)
Operating activities
Net income (loss)$10.0 $(17.4)$48.7 $(14.5)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization116.9 120.4 354.3 365.8 
Other16.7 75.3 (98.8)(8.1)
Net cash provided by operating activities143.6 178.3 304.2 343.2 
Investing activities
Purchases of property, plant and equipment(73.2)(47.9)(170.0)(138.6)
Proceeds from sale of property, plant and equipment0.3 0.4 3.6 0.8 
Acquisition of business, net of cash acquired(5.4)(0.6)(6.7)(1.9)
Proceeds from government grants— — 2.0 — 
Other(1.0)(0.7)(3.1)13.0 
Net cash used in investing activities(79.3)(48.8)(174.2)(126.7)
Financing activities
Net debt activity(44.5)(17.5)(93.9)(82.9)
Other(3.0)(3.3)(12.1)(25.3)
Net cash used in financing activities(47.5)(20.8)(106.0)(108.2)
Effect of exchange rate changes on cash5.8 (4.2)(1.4)(4.2)
Net increase in cash and cash equivalents22.6 104.5 22.6 104.1 
Cash and cash equivalents at beginning of period519.9 511.1 519.9 511.5 
Cash and cash equivalents at end of period$542.5 $615.6 $542.5 $615.6 


6

AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
SUPPLEMENTAL DATA
(Unaudited)
The supplemental data presented below is a reconciliation of certain financial measures which is intended
to facilitate analysis of American Axle & Manufacturing Holdings, Inc. business and operating performance.
Earnings before interest expense, income taxes and depreciation and amortization (EBITDA) and Adjusted EBITDA(a)
Three Months EndedNine Months Ended
 September 30,September 30,
2024202320242023
 (in millions)
Net income (loss) $10.0 $(17.4)$48.7 $(14.5)
Interest expense45.2 50.8 142.1 151.5 
Income tax expense (benefit)(12.1)(2.0)21.0 3.3 
Depreciation and amortization116.9 120.4 354.3 365.8 
EBITDA160.0 151.8 566.1 506.1 
Restructuring and acquisition-related costs2.2 3.5 9.7 16.2 
Debt refinancing and redemption costs0.2 0.3 0.5 0.3 
Impairment charge12.0 — 12.0 — 
Loss on equity securities— 1.2 0.1 1.2 
Adjusted EBITDA$174.4 $156.8 $588.4 $523.8 

Adjusted earnings (loss) per share(b)
Three Months EndedNine Months Ended
 September 30,September 30,
2024202320242023
Diluted earnings (loss) per share$0.08 $(0.15)$0.40 $(0.12)
Restructuring and acquisition-related costs0.02 0.04 0.08 0.14 
Impairment charge0.10 — 0.10 — 
Loss on equity securities— 0.01 — 0.01 
Tax effect of adjustments— (0.01)(0.01)(0.03)
Adjusted earnings (loss) per share$0.20 $(0.11)$0.57 $— 
Adjusted earnings (loss) per share are based on weighted average diluted shares outstanding of 122.2 million and 117.1 million for the three months ended September 30, 2024 and 2023 respectively, and 121.7 million and 116.5 million for the nine months ended September 30, 2024 and 2023 respectively.
7

AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
SUPPLEMENTAL DATA
(Unaudited)
The supplemental data presented below is a reconciliation of certain financial measures which is intended
to facilitate analysis of American Axle & Manufacturing Holdings, Inc. business and operating performance.

Free cash flow and Adjusted free cash flow(c)
Three Months EndedNine Months Ended
 September 30,September 30,
 2024202320242023
 (in millions)
Net cash provided by operating activities$143.6 $178.3 $304.2 $343.2 
Less: Capital expenditures net of proceeds from the sale of property, plant and equipment and from government grants(72.9)(47.5)(164.4)(137.8)
Free cash flow$70.7 $130.8 $139.8 $205.4 
Cash payments for restructuring and acquisition-related costs3.9 5.0 11.3 16.1 
Insurance proceeds related to Malvern fire, net— — — (7.0)
Adjusted free cash flow $74.6 $135.8 $151.1 $214.5 


Segment Financial Information

Three Months EndedNine Months Ended
 September 30,September 30,
 2024202320242023
(in millions)
Segment Sales
Driveline$1,042.8 $1,061.2 $3,273.7 $3,161.5 
Metal Forming596.5 624.8 1,893.7 1,878.1 
Total Sales 1,639.3 1,686.0 5,167.4 5,039.6 
Intersegment Sales (134.4)(134.1)(423.3)(423.1)
Net External Sales$1,504.9 $1,551.9 $4,744.1 $4,616.5 
Segment Adjusted EBITDA(a)
Driveline$135.7 $137.3 $444.9 $403.5 
Metal Forming38.7 19.5 143.5 120.3 
Total Segment Adjusted EBITDA$174.4 $156.8 $588.4 $523.8 



8

Full Year 2024 Financial Outlook

The supplemental data presented below is a reconciliation of certain financial measures which is intended
to facilitate analysis of American Axle & Manufacturing Holdings, Inc. business and operating performance.
Adjusted EBITDA
Low EndHigh End
 (in millions)
Net income$15 $35 
Interest expense190 190 
Income tax expense5 15 
Depreciation and amortization475 475 
Full year 2024 targeted EBITDA685 715 
Restructuring and acquisition-related costs15 15 
Other, principally impairment charge15 15 
Full year 2024 targeted Adjusted EBITDA$715 $745 

Adjusted Free Cash Flow
Low EndHigh End
(in millions)
Net cash provided by operating activities$435 $455 
Capital expenditures net of proceeds from the sale of property, plant and equipment and from government grants(250)(250)
Full year 2024 targeted Free Cash Flow185 205 
Cash payments for restructuring and acquisition-related costs15 15 
Full year 2024 targeted Adjusted Free Cash Flow$200 $220 


___________
(a)We define EBITDA to be earnings before interest expense, income taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA excluding the impact of restructuring and acquisition-related costs, debt refinancing and redemption costs, gains or losses on equity securities, pension curtailment and settlement charges, impairment charges and non-recurring items. We believe that EBITDA and Adjusted EBITDA are meaningful measures of performance as they are commonly utilized by management and investors to analyze operating performance and entity valuation. Our management, the investment community and the banking institutions routinely use EBITDA and Adjusted EBITDA, together with other measures, to measure our operating performance relative to other Tier 1 automotive suppliers. We also use Segment Adjusted EBITDA as the measure of earnings to assess the performance of each segment and determine the resources to be allocated to the segments. EBITDA and Adjusted EBITDA are also key metrics used in our calculation of incentive compensation. EBITDA and Adjusted EBITDA should not be construed as income from operations, net income or cash flow from operating activities as determined under GAAP. Other companies may calculate EBITDA and Adjusted EBITDA differently.

(b)We define Adjusted earnings per share to be diluted earnings per share excluding the impact of restructuring and acquisition-related costs, debt refinancing and redemption costs, gains or losses on equity securities, pension curtailment and settlement charges, impairment charges and non-recurring items, including the tax effect thereon. We believe Adjusted earnings per share is a meaningful measure as it is commonly utilized by management and investors in assessing ongoing financial performance that provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of core operating performance and which may obscure underlying business results and trends. Other companies may calculate Adjusted earnings per share differently.

(c)    We define free cash flow to be net cash provided by operating activities less capital expenditures net of proceeds from the sale of property, plant and equipment and government grants. Adjusted free cash flow is defined as free cash flow excluding the impact of cash payments for restructuring and acquisition-related costs and cash payments related to the Malvern fire, including payments for capital expenditures, net of recoveries. We believe free cash flow and Adjusted free cash flow are meaningful measures as they are commonly utilized by management and investors to assess our ability to generate cash flow from business operations to repay debt and return capital to our stockholders. Free cash flow and Adjusted free cash flow are also key metrics used in our calculation of incentive compensation. Other companies may calculate free cash flow and Adjusted free cash flow differently.
9
v3.24.3
Cover Page
Nov. 08, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Nov. 08, 2024
Entity Registrant Name AMERICAN AXLE & MANUFACTURING HOLDINGS, INC
Entity Incorporation, State or Country Code DE
Entity File Number 1-14303
Entity Tax Identification Number 38-3161171
Entity Address, Address Line One One Dauch Drive
Entity Address, City or Town Detroit
Entity Address, State or Province MI
Entity Address, Postal Zip Code 48211-1198
City Area Code (313)
Local Phone Number 758-2000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol AXL
Security Exchange Name NYSE
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001062231
American Axle and Manufa... (NYSE:AXL)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more American Axle and Manufa... Charts.
American Axle and Manufa... (NYSE:AXL)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more American Axle and Manufa... Charts.