The earnings call presented a balanced view with significant strategic achievements such as shareholder approvals for the Dowlais transaction and new product wins, offset by challenges like sales decline and incremental tariff costs.

Company Guidance

During American Axle & Manufacturing's second quarter 2025 earnings call, the company provided updated guidance reflecting strong first-half performance and expectations for continued progress. AAM now targets sales between $5.75 billion and $5.95 billion, with adjusted EBITDA in the range of $695 million to $745 million and adjusted free cash flow anticipated to be $175 million to $215 million. The guidance is based on North American production volumes of 14.6 million to 15.1 million units. The company highlighted significant business developments, including shareholder approval for a merger with Dowlais, expected to yield $300 million in cost synergies. AAM continues to address tariff challenges and remains focused on cost control and productivity improvements, with a goal of leveraging its installed fixed asset base and enhancing its electric drive technology offerings. The company expects to maintain a net leverage ratio of approximately 2.8x and plans to further reduce it post-closure through strong cash flow generation.

Shareholder and Regulatory Approvals

Both AAM and Dowlais shareholders voted in favor of the proposed transaction to create a leading global driveline and metal forming supplier, with approvals received from multiple regulatory bodies including the U.S., Korea, India, Taiwan, Turkey, and the U.K.

New Product Win with Scout Motors

AAM secured an agreement with Scout Motors to supply front electric drive units and rear e-Beam axles for the new electric Traveler SUV and Terra pickup truck. This supports AAM's electrification growth strategy.

Positive Financial Guidance Update

AAM updated its 2025 financial guidance, now targeting sales of $5.75 billion to $5.95 billion, adjusted EBITDA of $695 million to $745 million, and adjusted free cash flow of $175 million to $215 million.

Successful Divestiture

AAM closed on the divestiture of its India commercial axle business to Bharat Forge Limited for approximately $65 million, aligning with its portfolio management strategy.

Strong Free Cash Flow and Liquidity

AAM ended the quarter with nearly $600 million in cash and total available liquidity of over $1.5 billion, with a net leverage ratio of 2.8x.

American Axle (AXL) Earnings, Revenues Date & History

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AXL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 31, 2025	2025 (Q3)	0.12 / -	0.2	―	―	―
Aug 08, 2025	2025 (Q2)	0.15 / 0.21	0.19	10.53% (+0.02)
May 02, 2025	2025 (Q1)	0.04 / 0.09	0.18	-50.00% (-0.09)
Feb 14, 2025	2024 (Q4)	-0.09 / -0.06	-0.09	33.33% (+0.03)
Nov 08, 2024	2024 (Q3)	-0.05 / 0.20	-0.11	281.82% (+0.31)
Aug 09, 2024	2024 (Q2)	0.11 / 0.19	0.12	58.33% (+0.07)
May 03, 2024	2024 (Q1)	0.02 / 0.18	-0.01	1900.00% (+0.19)
Feb 16, 2024	2023 (Q4)	-0.19 / -0.09	-0.07	-28.57% (-0.02)
Nov 03, 2023	2023 (Q3)	-0.01 / -0.11	0.27	-140.74% (-0.38)
Aug 04, 2023	2023 (Q2)	0.09 / 0.12	0.22	-45.45% (-0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AXL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 08, 2025	$4.58	$5.28	+15.28%
May 02, 2025	$3.80	$3.99	+5.00%
Feb 14, 2025	$4.75	$5.15	+8.42%
Nov 08, 2024	$6.22	$6.77	+8.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.