American Axle expects full-year revenue growth of 0.7% in 2024, and further performance improvement is expected in 2025

American Axle & Manufacturing International Holdings Inc. released its 2024 financial report, with full-year revenue reaching US$6.12 billion, an increase of 0.7% from US$6.08 billion in 2023. Operating profit was $240 million, up from $147 million in 2023. Net profit reached $35 million, significantly better than the net loss of $33.6 million in 2023. The company expects its revenue to be between $5.8 billion and $6.05 billion in 2025, and its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between $700 million and $760 million, which is at the upper end of market expectations.