NYSE$DCH
Dauch Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Delivered positive year-over-year performance driven by productivity and operating efficiencies.
American Axle & Manufacturing reported sales of $1.50 billion and net income of $10.0 million for the third quarter of 2024. Adjusted EBITDA was $174.4 million, and diluted earnings per share was $0.08.
- Sales of $1.50 billion
- Net income of $10.0 million, or 0.7% of sales
- Adjusted EBITDA of $174.4 million, or 11.6% of sales
- Diluted earnings per share of $0.08; Adjusted earnings per share of $0.20
Headline financials
Revenue & EPS history
American Axle · Revenue · Quarterly
$1.5B
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's full year 2024 financial targets are as follows: AAM is targeting sales in the range of $6.1 - $6.15 billion vs. $6.1 - $6.3 billion prior. AAM is targeting Adjusted EBITDA in the range of $715 - $745 million vs. $705 - $755 million prior. AAM is targeting Adjusted free cash flow in the range of $200 - $220 million vs. $200 - $240 million prior; this target assumes capital spending of approximately 4% of sales.
Tailwinds
- Targeting sales in the range of $6.1 - $6.15 billion
- Targeting Adjusted EBITDA in the range of $715 - $745 million
- Targeting Adjusted free cash flow in the range of $200 - $220 million
- Assumes capital spending of approximately 4% of sales
- Based on North American light vehicle production of approximately 15.5 million units
Headwinds
- Lowered sales target compared to prior guidance ($6.1 - $6.15 billion vs. $6.1 - $6.3 billion)
- Lowered Adjusted EBITDA target compared to prior guidance ($715 - $745 million vs. $705 - $755 million)
- Lowered Adjusted free cash flow target compared to prior guidance ($200 - $220 million vs. $200 - $240 million)
- Targets are based on assumptions for 2024
- Targets are based on AAM's production estimates of key programs
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 Q3 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro