Gold has topped $4,200. Here’s why Yardeni thinks the rally could go even higher.
American Axle & Manufacturing Holdings Inc. (NYSE:AXL) stock has hit a 52-week low, dropping to $4.03, 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 shows a substantial decline of -45.03%, underscoring the challenges the automotive supplier has faced in the midst of industry-wide disruptions and economic pressures. Investors and analysts are closely monitoring the company’s strategic moves to navigate through these headwinds and improve its market position.
In other recent news, American Axle & Manufacturing has reported its fourth-quarter 2024 earnings, showcasing a better-than-expected performance with an adjusted EPS loss of $0.06, surpassing analyst projections of a $0.12 loss. The company recorded revenue of $1.38 billion, slightly below the anticipated $1.39 billion, while full-year sales reached $6.1 billion. American Axle also achieved an adjusted EBITDA of $749 million for the year. In a significant strategic move, American Axle announced progress in its acquisition of Dowlais Group plc, with the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, bringing the companies closer to finalizing the transaction.
Additionally, American Axle appointed Terry Grayson-Caprio to its Board of Directors, bringing her extensive experience in financial and business strategy to the company’s governance team. This appointment is part of the company’s ongoing efforts to strengthen its board’s capabilities as it navigates the evolving automotive industry. The acquisition of Dowlais is expected to enhance American Axle’s global footprint and capabilities, combining its expertise in driveline and drivetrain systems with Dowlais’s complementary strengths. The completion of this acquisition remains subject to shareholder approval and customary closing conditions.
These recent developments reflect American Axle’s strategic focus on expanding its operations and responding to the industry’s shift towards electric and hybrid vehicles. The company’s ability to successfully integrate Dowlais’s operations and realize expected synergies will be critical to the success of this business combination.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.