NYSE$DCH
Dauch Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported solid second quarter results driven by volume, mix, and operational performance.
American Axle & Manufacturing Holdings, Inc. reported sales of $1.63 billion and net income of $18.2 million for the second quarter of 2024. Adjusted EPS was $0.19, and Adjusted EBITDA reached $208.4 million.
- Sales reached $1.63 billion.
- Net income was $18.2 million, or 1.1% of sales.
- Adjusted EBITDA was $208.4 million, or 12.8% of sales.
- Diluted earnings per share were $0.15; Adjusted earnings per share was $0.19.
Headline financials
Revenue & EPS history
American Axle · Revenue · Quarterly
$1.63B
Revenue by segment
American Axle · $1.69B total across 2 segments · Q3 2023
- Driveline$1.06B—62.9%
- Metal Forming$625M—37.1%
Forward guidance
AAM is targeting sales in the range of $6.1 - $6.3 billion and Adjusted EBITDA in the range of $705 - $755 million.
Tailwinds
- AAM is targeting sales in the range of $6.1 - $6.3 billion vs. $6.05 - $6.35 billion prior.
- AAM is targeting Adjusted EBITDA in the range of $705 - $755 million vs. $685 - $750 million prior.
- AAM is targeting Adjusted free cash flow in the range of $200 - $240 million.
- Targets are based on North American light vehicle production of approximately 15.8 million units.
- Targets are based on AAM's production estimates of key programs that we support.
Headwinds
- Guidance is based on current customer launch schedules.
- Guidance is based on the current operating environment.
- Capital spending of approximately 4.0% of sales is assumed.
- Guidance is subject to risks related to global economic conditions.
- Guidance is subject to risks inherent in transitioning our business from internal combustion engine vehicle products to hybrid and electric vehicle products.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.8%
Avg return
Earnings day
-0.9%
Avg return
5 days after
+0.4%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+32.2%
Q3 2019
Best reaction
-27.1%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +15.3% | +13.4% | +9.7% | |
| Q4 2025 | -14.0% | -15.5% | -38.6% | |
| Q3 2025 | +6.7% | +5.2% | +2.3% | |
| Q1 2025 | +4.8% | +8.7% | +15.5% | |
| Q4 2024 | +8.4% | +23.2% | -5.3% | |
| Q3 2024 | +7.9% | +4.7% | +6.6% | |
| Q2 2024 | -2.4% | -0.8% | -5.0% | |
| Q1 2024 | +4.6% | +6.6% | +4.4% | |
| Q4 2023 | -9.7% | -13.8% | -22.9% | |
| Q3 2023 | +5.4% | +2.0% | +13.2% | |
| Q2 2023 | -11.3% | -13.1% | -16.1% | |
| Q1 2023 | +8.0% | +5.5% | +8.3% | |
| Q4 2022 | -9.5% | -12.2% | -25.2% | |
| Q3 2022 | -10.3% | -15.6% | -5.5% | |
| Q2 2022 | +14.5% | +22.0% | +18.7% | |
| Q1 2022 | -5.5% | -5.1% | +23.6% | |
| Q4 2021 | -10.9% | +1.3% | +0.5% | |
| Q3 2021 | +2.0% | -0.7% | -5.8% | |
| Q2 2021 | -0.6% | -5.8% | -6.2% | |
| Q1 2021 | +6.0% | +2.9% | +26.3% | |
| Q4 2020 | -7.5% | -11.4% | +22.2% | |
| Q3 2020 | +4.2% | +2.4% | +24.9% | |
| Q2 2020 | -3.0% | -2.3% | +12.3% | |
| Q1 2020 | +31.9% | +15.0% | +105.4% | |
| Q4 2019 | -19.1% | -22.5% | -51.9% | |
| Q3 2019 | +32.2% | +24.5% | +17.9% | |
| Q2 2019 | -22.4% | -26.8% | -42.5% | |
| Q1 2019 | -7.7% | -12.0% | -29.5% | |
| Q4 2018 | +13.0% | +15.2% | -4.2% | |
| Q3 2018 | -27.1% | -17.8% | -20.8% | |
| Q2 2018 | +6.4% | +8.9% | +10.5% | |
| Q1 2018 | +3.8% | +4.0% | +9.8% | |
| Q4 2017 | -2.3% | -0.1% | -5.8% | |
| Q3 2017 | +1.9% | -2.6% | -2.5% | |
| Q2 2017 | -7.9% | -9.9% | -13.1% | |
| Q1 2017 | +7.5% | +6.3% | -6.6% | |
| Q4 2016 | -4.1% | -3.8% | -7.7% | |
| Q3 2016 | -17.8% | -17.3% | -4.9% | |
| Q2 2016 | +5.3% | +3.3% | +3.3% | |
| Q1 2016 | +5.8% | — | — | |
| Q4 2015 | +24.9% | — | — | |
| Q3 2015 | +6.6% | — | — | |
| Q2 2015 | -1.4% | — | — | |
| Q1 2015 | -2.1% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | +8.7% | — | — | |
| Q2 2014 | -2.2% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | +5.2% | — | — | |
| Q3 2013 | -3.3% | — | — | |
| Q2 2013 | +4.4% | — | — | |
| Q1 2013 | +12.2% | — | — | |
| Q4 2012 | +5.0% | — | — | |
| Q3 2012 | -6.2% | — | — | |
| Q2 2012 | +4.5% | — | — | |
| Q1 2011 | -10.0% | — | — | |
| Q1 2012 | -10.0% | — | — | |
| Q1 2010 | -2.0% | — | — | |
| Q4 2009 | -2.0% | — | — | |
| Q4 2011 | -2.0% | — | — | |
| Q3 2011 | -3.5% | — | — | |
| Q3 2010 | -3.5% | — | — | |
| Q2 2010 | +10.2% | — | — | |
| Q2 2011 | +10.2% | — | — | |
| Q4 2010 | +10.2% | — | — |
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