The call highlighted strong strategic moves, including a significant acquisition and product wins, improving EBITDA margins, and maintaining strong liquidity. However, challenges such as a decline in sales, increased tax expenses, and tariff exposures were also noted.

Company Guidance -

Q3 2025

During the American Axle & Manufacturing (AAM) second quarter 2025 earnings call, the company provided updated guidance for the year based on their strong first-half performance. AAM is targeting full-year sales between $5.75 billion and $5.95 billion, with adjusted EBITDA expected between $695 million and $745 million. Adjusted free cash flow is projected to range from $175 million to $215 million. These targets are supported by an anticipated North American production volume of 14.6 million to 15.1 million units. The company also reported second-quarter sales of $1.54 billion, an adjusted EBITDA of $202 million with a margin of 13.2%, and adjusted earnings per share of $0.21. AAM has been managing operational excellence, cost controls, and productivity enhancements, which contributed to their year-over-year margin growth. Furthermore, AAM discussed their strategic initiatives, including the acquisition of Dowlais, expected to close in Q4 2025, which is projected to yield $300 million in cost synergies and bolster free cash flow potential.

Positive Shareholder Vote for Acquisition

Both AAM and Dowlais shareholders voted in favor of the proposed transaction to create a leading global driveline and metal forming supplier, anticipated to generate $300 million in cost synergies.

Significant Product Wins

Secured an agreement with Scout Motors to supply front electric drive units and rear e-Beam axles for new electric vehicles, supporting AAM's electrification growth strategy.

Improvement in EBITDA Margin

Year-over-year adjusted EBITDA margin growth in the second quarter, with a 40 basis point improvement despite lower sales.

Strong Liquidity Position

AAM ended the quarter with total available liquidity of over $1.5 billion, consisting of available cash and borrowing capacity.

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)	0.11 / -	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.