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American Axle & Manufacturing Holdings Inc. (NYSE:AXL) stock has hit a 52-week low, dropping to $3.17, as the company faces a tumultuous market environment. This latest price level reflects a significant downturn from previous periods, marking a stark contrast to the company's performance over the past year. The 1-year change data for American Axle & Manufacturing reveals a steep decline of -56.78%, underscoring the challenges the automotive supplier has encountered in the face of supply chain disruptions, rising material costs, and shifts in the automotive industry. Investors and analysts are closely monitoring the company's strategic moves to navigate these headwinds and potentially recover from this low point.
In other recent news, American Axle & Manufacturing reported its fourth-quarter 2024 earnings, revealing a narrower-than-expected loss with an adjusted EPS of -$0.06, surpassing the forecasted -$0.12. Revenue slightly missed expectations at $1.38 billion against a forecast of $1.39 billion. Additionally, the company achieved full-year sales of $6.1 billion and an adjusted EBITDA of $749 million. In a significant development, American Axle announced progress in its acquisition of Dowlais Group plc, as the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired. This acquisition is expected to enhance American Axle's global footprint and capabilities. Furthermore, American Axle appointed Terry Grayson-Caprio to its Board of Directors, bringing her extensive financial and business strategy expertise to the company's governance team. These recent developments highlight American Axle's strategic focus on innovation, sustainability, and expansion in the evolving automotive industry.
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