American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) shares are trading higher on Friday after reporting first quarter results.
The firm reported quarterly adjusted earnings per share of 9 cents, beating the analyst consensus estimate of 2 cents.
Quarterly sales of $1.41 billion (down 12% year over year) missed the street view of $1.43 billion. Sales for the first quarter of 2025 were negatively impacted by lower volumes overall.
The company reported gross profit of $173.9 million, down from $198.5 million a year ago.
Also Read: Automakers Are Struggling With Tariffs And EV Competition, Say Analysts
American Axle’s adjusted EBITDA fell on a year-over-year basis to $177.3 million from $205.6 million a year ago.
The company’s net cash provided by operating activities for the first quarter was $55.9 million as compared to $17.8 million in the year-ago period.
The company exited the quarter with cash and equivalents $549.2 million.
Outlook: American Axle & Manufacturing lowered its 2025 sales forecast to $5.65 billion–$5.95 billion from $5.80 billion–$6.05 billion, compared with the $5.82 billion estimate.
“AAM will stay focused on managing factors under our control while operating in an uncertain geopolitical trade policy environment. In addition, we continue to make excellent progress on our transformational Dowlais combination,” said CEO David C. Dauch.
Price Action: American Axle shares are trading higher by 4.87% to $3.98 at last check Friday.
Read Next:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.