美国车桥制造控股公司(NYSE:AXL)的股价在周五盘前大涨。公司报告第四季度FY24的销售额为13.8亿美元,与分析师的预期一致。
调整后每股收益亏损$(0.06),优于分析师预期的$(0.11)。
销售额同比下降,受销量和产品组合的负面影响。毛利润轻微下降至1.543亿美元,而去年同期为1.549亿美元。
销售、普通及行政费用从去年的9570万美元降至8900万美元。调整后EBITDA从去年同期的1.695亿美元减少至1.608亿美元。
第四季度经营现金流总额为1.512亿美元,而去年同期为5290万美元。第四季度调整后的自由现金流为7920万美元。
截至12月31日,公司持有5.529亿美元的现金及现金等价物。
2025财年展望:美国车桥预计销售额为58亿至60.5亿美元,相比预期的59.2亿美元,调整后EBITDA为7亿至7.6亿美元,调整后的自由现金流为2亿至2.3亿美元。
一月份,美国车桥达成协议,以约14.4亿美元收购多尔集团公司(DWL)的所有流通股。
公司预计此交易将在完成后第一年的年运行成本协同效应约为3亿美元,并将显著提升收益。此外,美国车桥预计合并后的年度收入在未调整的基础上约为120亿美元。
价格变动:截至周五,AXL股价盘前上涨8.00%,至5.13美元。
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American Axle & Manufacturing Holdings Inc (NYSE:AXL) shares are surging premarket on Friday. The company reported fourth-quarter FY24 sales of $1.38 billion, which is in line with the analyst consensus estimate.
Adjusted EPS loss of $(0.06) beat the analyst consensus of $(0.11).
Sales declined year over year (Y/Y) and were negatively impacted by volume and mix. Gross profit declined slightly to $154.3 million from $154.9 million a year ago.
Selling, general and administrative expenses fell to $89.0 million from $95.7 million a year ago. Adjusted EBITDA decreased to $160.8 million from $169.5 million in the prior year quarter.
Operating cash flow totaled $151.2 million in the fourth quarter versus $52.9 million in the prior year. Adjusted free cash flow stood at $79.2 million in the fourth quarter.
The company held $552.9 million in cash and equivalents as of December 31.
FY25 Outlook: American Axle sales of $5.8 billion-$6.05 billion vs. consensus of $5.92 billion, adjusted EBITDA of $700 million – $760 million and adjusted free cash flow of $200 million – $230 million.
In January, American Axle entered into an agreement to purchase all outstanding shares of Dowlais Group plc (DWL) for about $1.44 billion.
The company expects the deal to deliver approximately $300 million in annual run rate cost synergies and high earnings accretion in the first full year following the transaction's close. Also, American Axle forecasts strong financial results following the merger, with annual revenues of about $12 billion on a non-adjusted combined basis.
Price Action: AXL shares are up 8.00% at $5.13 premarket at the last check Friday.
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