American Axle & Manufacturing Holdings Full Year 2024 Earnings: EPS Beats Expectations

American Axle & Manufacturing Holdings (NYSE:AXL) Full Year 2024 Results

Key Financial Results

• Revenue: US$6.12b (flat on FY 2023).
• Net income: US$33.8m (up from US$33.6m loss in FY 2023).
• Profit margin: 0.6% (up from net loss in FY 2023).
• EPS: US$0.29 (up from US$0.29 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

American Axle & Manufacturing Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%.

The primary driver behind last 12 months revenue was the Driveline segment contributing a total revenue of US$4.25b (69% of total revenue). Notably, cost of sales worth US$5.38b amounted to 88% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$386.4m (55% of total expenses). Explore how AXL's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Auto Components industry in the US are expected to grow by 8.8%.

Performance of the American Auto Components industry.

The company's shares are up 5.1% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with American Axle & Manufacturing Holdings (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.