American Axle Beats Expectations, Updates Sales Forecast

American Axle and Manufacturing exceeded analysts expectations with its third-quarter earnings, reporting sixteen cents per share versus the predicted twelve cents. Sales remained steady at one point five one billion dollars, and adjusted EBITDA reached one hundred ninety-four point seven million dollars, or nearly thirteen percent of sales. Despite positive results, shares dipped slightly. CEO David Dauch attributed strong year-over-year margin growth to solid performance and progress in their combination with Dowlais. American Axle updated its full-year sales forecast for two thousand twenty-five to between five point eight billion and five point nine billion dollars, matching the consensus estimate. They also raised their adjusted EBITDA projection to between seven hundred ten million and seven hundred forty-five million dollars, and anticipate adjusted free cash flow between one hundred eighty million and two hundred ten million dollars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.