American Axle & Manufacturing Holdings Third Quarter 2024 Earnings: EPS Beats Expectations

In This Article:

American Axle & Manufacturing Holdings (NYSE:AXL) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.50b (down 3.0% from 3Q 2023).

  • Net income: US$10.0m (up from US$17.4m loss in 3Q 2023).

  • Profit margin: 0.7% (up from net loss in 3Q 2023).

  • EPS: US$0.08 (up from US$0.15 loss in 3Q 2023).

earnings-and-revenue-growth
NYSE:AXL Earnings and Revenue Growth November 10th 2024

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) exceeded analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 9.4% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 18% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for American Axle & Manufacturing Holdings (1 doesn't sit too well with us) you should be aware of.

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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.

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