The earnings call highlighted strong financial performance and positive future guidance, supported by successful financing and regulatory progress. However, challenges remain in the metal forming segment and pending regulatory approvals in key markets, along with executive transition challenges.

Company Guidance

During the American Axle & Manufacturing (AAM) Third Quarter 2025 Earnings Conference Call, the company updated its guidance for the fiscal year 2025 based on its strong performance during the first three quarters. AAM now targets sales between $5.8 billion and $5.9 billion, with adjusted EBITDA projected to range from $710 million to $745 million. Additionally, the company anticipates an adjusted free cash flow between $180 million and $210 million. These projections assume a North American production volume of approximately 15.1 million units. The company reported its third-quarter sales at $1.51 billion, with an adjusted earnings per share of $0.16. Operating cash flow was $143.3 million, while adjusted free cash flow stood at approximately $98.1 million. AAM achieved an adjusted EBITDA of $195 million, representing 12.9% of sales, marking a 130 basis point improvement compared to the previous year on flat sales.

Strong Financial Performance

AAM's third quarter 2025 sales were $1.51 billion with an adjusted EBITDA of $195 million, representing a robust 130 basis point improvement versus last year on flat sales. The driveline business unit achieved adjusted EBITDA margins of 14.9%, the highest third quarter margin since 2020.

Positive Outlook for 2025

AAM updated its 2025 guidance, targeting sales in the range of $5.8 billion to $5.9 billion, adjusted EBITDA of approximately $710 million to $745 million, and adjusted free cash flow of approximately $180 million to $210 million.

Successful Financing and Regulatory Progress

Completed the permanent financing for the Dowlais acquisition by securing $850 million of senior secured notes, $1.25 billion of senior unsecured notes, and $835 million of term loans. The European Commission and Brazilian regulatory approvals have been secured.

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
Feb 13, 2026	2025 (Q4)	-0.02 / -	-0.06	―	―	―
Nov 07, 2025	2025 (Q3)	0.12 / 0.16	0.2	-20.00% (-0.04)
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)

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
Nov 07, 2025	$6.17	$6.55	+6.16%
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%

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.