American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) shares gained ground Friday, on word of its financial results for the first quarter of 2025.
AAM's sales in the first quarter of 2025 were $1.41 billion as compared to $1.61 billion in the first quarter of 2024. Sales for the first quarter of 2025 were negatively impacted by overall lower volumes.
AAM's net income in the first quarter of 2025 was $7.1 million, or $0.06 per share and 0.5% of sales, as compared to net income of $20.5 million, or $0.17 per share and 1.3% of sales in the first quarter of 2024.
Adjusted earnings per share in the first quarter of 2025 was $0.09 compared to Adjusted earnings per share of $0.18 in the first quarter of 2024.
In the first quarter of 2025, Adjusted EBITDA was $177.3 million, or 12.6% of sales, as compared to $205.6 million, or 12.8% of sales, in the first quarter of 2024.
AAM's net cash provided by operating activities for the first quarter of 2025 was $55.9 million as compared to $17.8 million for the first quarter of 2024.
For full-year 2025, AAM is targeting sales in the range of $5.65 - $5.95 billion vs. $5.8 - $6.05 billion prior.
AAM is targeting Adjusted EBITDA in the range of $665 - $745 million vs. $700 - $760 million prior.
AXL shares took on 20 cents, or 5.3%, to $4.00.
