Earnings Call Summary | American Axle & Mfg(AXL.US) Q3 2024 Earnings Conference
Earnings Call Summary | American Axle & Mfg(AXL.US) Q3 2024 Earnings Conference
Full year financial outlook has been adjusted, targeting sales of $6.1 billion to $6.15 billion, and adjusted EBITDA between $715 million to $745 million.The following is a summary of the American Axle & Manufacturing Holdings, Inc. (AXL) Q3 2024 Earnings Call Transcript:
以下是American Axle & Mfg（AXL）2024年第三季度業績發佈會傳真摘要：
Financial Performance:
財務表現：
Q3 2024 sales reached $1.5 billion, with adjusted EBITDA of $174 million or 11.6% of sales, and adjusted free cash flow of $75 million.
Gross profit increased to $171.3 million from $130.6 million in the previous year, with a favorable impact of $28 million improving adjusted EBITDA significantly.
Full year financial outlook has been adjusted, targeting sales of $6.1 billion to $6.15 billion, and adjusted EBITDA between $715 million to $745 million.
2024年第三季度銷售額達到15億美金，調整後的EBITDA爲17400萬美金，佔銷售額的11.6%，調整後的自由現金流爲7500萬美金。
毛利潤從去年的13060萬美金增加至17130萬美金，2800萬美金的有利影響顯著改善了調整後的EBITDA。
全年的財務展望已調整，目標銷售額爲61億到61.5億美金，調整後的EBITDA在71500萬到74500萬美金之間。
Business Progress:
業務進展：
AAM announced it will supply an electric beam axle to a Chinese OEM and support a European OEM with electric vehicle components, showcasing progress in the EV market.
The company sold its India commercial vehicle axle business for $65 million, enhancing focus on light vehicles and financial flexibility.
Investment in R&D remains robust, particularly for electric and hybrid vehicle components, reinforcing AAM's commitment to technological leadership in multiple propulsion systems.
AAm宣佈將向一家中國OEM供應電動梁軸，並支持一家歐洲OEM提供電動車元件，展示了在電動車市場的進展。
公司以6500萬美金出售其印度商用車軸業務，增強了對輕型車輛的關注和財務靈活性。
對研發的投資保持強勁，特別是在電動和混合動力車輛元件方面，這強化了AAM在多種動力系統中技術領導地位的承諾。
Opportunities:
機會：
Recent awards for supplying electric vehicle components to both a Chinese OEM and a European luxury brand highlight opportunities in the expanding EV market.
The sale of the non-core India axle business allows AAM to better focus on high-growth areas, notably light vehicles and electric propulsion technologies.
最近獲得向一家中國OEM和一家歐洲奢侈品牌供應電動汽車元件的訂單，突顯了在不斷擴大的電動汽車市場中的機會。
出售非核心的印度車軸業務使AAM能夠更好地專注於高增長領域，特別是輕型車輛和電動驅動技術。
Risks:
風險：
Continued decline in North American industry volumes (down 5% from last year and 9% sequentially) poses challenges to sales, impacting financial outcomes.
Uncertainties in production due to critical launches and OEM strategies in adjusting to electrification could affect stability and predictability of future revenues.
北美行業板塊銷量持續下降（較去年下降5%，環比下降9%）給銷售帶來了挑戰，影響了財務結果。
由於關鍵發佈和OEM在電氣化調整中的戰略導致的生產不確定性，可能會影響未來收入的穩定性和可預測性。
More details: American Axle & Mfg IR
更多詳細信息：American Axle & Mfg IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更全面的細節，請參閱IR網站。 文章僅供投資者參考，不構成任何指導或推薦建議。
譯文內容由第三人軟體翻譯。
