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AAM

American Axle & Manufacturing Holdings, Inc. (AAM)

$

10.43

+0.15 (1.44%)


Key metrics

Financial statements

Free cash flow per share

Free cash flow per share

1.7231

Market cap

Market cap

478.6 Million

Price to sales ratio

Price to sales ratio

0.0781

Debt to equity

Debt to equity

0.2854

Current ratio

Current ratio

1.6293

Income quality

Income quality

13.4629

Average inventory

Average inventory

454.1 Million

ROE

ROE

0.0581



Technology

Technology

Technology – consumer electronics

Largecap

Largecap

With a market cap of 121,78 bil stock is ranked 1

Low risk

Low risk

ISS score of this stock is ranked 1


Company description

Profile

American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles in the United States, Mexico, South America, China, other Asian countries, and Europe. It operates through Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment provides axle and transmission shafts, ring and pinion gears, differential gears and assemblies, and connecting rods and variable valve timing products for original equipment manufacturers and tier 1 automotive suppliers. American Axle & Manufacturing Holdings, Inc. has technology development agreement with Suzhou Inovance Automotive Ltd. and REE Automotive Ltd. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.


News

AAM

prnewswire.com

AAM Names Terry Grayson-Caprio to Board of Directors

DETROIT , March 17, 2025 /PRNewswire/ -- American Axle & Manufacturing (NYSE: AXL) has named Terry Grayson-Caprio to its Board of Directors. Grayson-Caprio is a retired Managing Partner of KPMG LLP.

AAM

prnewswire.com

AAM to Announce Fourth Quarter and Full Year 2024 Financial Results on February 14

DETROIT , Jan. 31, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss fourth quarter and full year 2024 financial results and other related matters at 10:00 a.m. ET on Friday, February 14, 2025.

AAM

prnewswire.com

AAM Announces Combination with Dowlais for $1.44 Billion in Cash and Stock

Creates leading global driveline and metal forming supplier with comprehensive product portfolio and diversified customer base Combination will have expanded and balanced geographic presence across multiple automotive segments supporting ICE, Hybrid and Electric powertrains; expected to generate annual revenues of approximately $12 billion on a non-adjusted combined basis Expected to deliver approximately $300 million annual run rate cost synergies and high earnings accretion in the first full year following the close of the transaction Strengthened cash flow profile and balance sheet to accelerate deleveraging and shareholder value creation DETROIT , Jan. 29, 2025 /PRNewswire/ -- American Axle & Manufacturing (AAM), (NYSE: AXL) is pleased to announce that it has reached an agreement with the board of the Dowlais Group plc (Dowlais), (LON: DWL) on the terms of a recommended cash and share offer to be made by AAM for the entire issued and to be issued ordinary share capital of Dowlais (the "Combination") for approximately $1.44 billion in cash and AAM shares. With a combined portfolio of products essential in the manufacturing of internal combustion engine (ICE), hybrid and electric vehicles (EV), coupled with an enhanced cost structure, the combined company will be well-positioned to serve a diverse customer base spanning multiple geographies and support changing propulsion trends as the industry continues to evolve.

AAM

newsfilecorp.com

AuMEGA Metals Announces Adoption of Omnibus Equity Incentive Plan

Edmonton, Alberta--(Newsfile Corp. - January 3, 2025) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) (formerly Matador Mining Ltd) ("AuMEGA" or "the Company") is pleased to announce that at the Company's Special Shareholder Meeting held on 4 December 2024, the shareholders adopted an amended and restated equity incentive plan (the "Plan") which has a 10% rolling stock option component and a fixed share unit (being Restricted Share Units, Performance Share Units, Deferred Share Units or Stock Appreciation Rights) components reserving an aggregate of 65,732,263 shares for issuance (in both cases subject to the maximum capacity approved by shareholders referred to below). Shareholder approval of the Plan must be obtained annually at the Company's Annual General Meeting.

AAM

newsfilecorp.com

AuMEGA Metals Closes the Second Tranche of Private Placement Financing

Edmonton, Alberta--(Newsfile Corp. - December 10, 2024) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) (formerly Matador Mining Ltd) ("AuMEGA" or "the Company") is pleased to announce the closing of the second and final closing of its previously announced financing (the "Tranche Two Placement") following shareholder approval at the Company's Special Shareholder Meeting on 4 December 2024. Under the Tranche Two Placement, the Company issued an aggregate of 128,035,776 ordinary shares ("New Shares") to institutional, professional and accredited investors for aggregate gross proceeds of C$7.3 million, consisting of: Hard Dollars: 65,236,111 New Shares at a price of C$0.050/A$0.054 per share; and Flow Through: Constituting as "flow-through shares" as defined in subsection 66(15) of the Income Tax Act (Canada) as follows: Traditional Flow Through: 34,299,666 New Shares at a price of C$0.06/A$0.065 per share Premium Flow Through: 28,500,000 New Shares at a premium flow through price of at a price of C$0.06825/A$0.07408 per share The Tranche Two Placement was in addition to the previously announced first tranche closing (the "Tranche One Placement", together with the Tranche Two Placement, the "Offering"), whereby the Company issued 131,152,889 ordinary shares to institutional, professional and accredited investors for aggregate gross proceeds of C$8.77 million.

AAM

etftrends.com

AAM Lists New Low Duration Bond ETF

On Wednesday, Advisors Asset Management launched the newest fund in its ETF library, the AAM SLC Low Duration Income ETF (LODI). LODI looks to outpace the total return of the Bloomberg 1-3 Year Government/Credit Index.

AAM

prnewswire.com

AAM to Present at the UBS Global Industrials and Transportation Conference

DETROIT , Nov. 27, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the UBS Global Industrials and Transportation Conference on December 4.  AAM is scheduled to webcast the presentation at 1:00 p.m.

AAM

prnewswire.com

AAM to Present at Bank of America's Leveraged Finance Conference

DETROIT , Nov. 26, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in Bank of America's Leveraged Finance Conference on December 3.  AAM is scheduled to webcast the presentation at 8:50 a.m.

AAM

prnewswire.com

AAM Reports Third Quarter 2024 Financial Results

AAM Delivers Positive Year-Over-Year Performance DETROIT , Nov. 8, 2024 /PRNewswire/ -- 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.

AAM

newsfilecorp.com

AuMEGA Metals Closes the First Tranche of Private Placement Financing

Edmonton, Alberta--(Newsfile Corp. - November 4, 2024) - AuMEGA Metals Ltd (formerly Matador Mining Ltd) (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce the closing of the first tranche of the previously announced financing (the "Tranche One Placement"). Under the Tranche One Placement, the Company issued an aggregate of 131,152,889 ordinary shares ("New Shares") to institutional, professional and accredited investors consisting of : (i) 9,259,259 New Shares at a price of C$0.050/A$0.054 per share; and (ii) 121,893,630 New Shares which constitute "flow-through shares" as defined in subsection 66(15) of the Income Tax Act (Canada) at a price of C$0.06825/A$0.07408 per share, for aggregate gross proceeds of C$8.77 million ("Tranche One Placement").

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