AMERICAN AXLE & MANUFACTURING HOLDINGS INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
| ☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|---|
| For the quarterly period ended March 31, 2024 | |
| or | |
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| For the transition period from _____________ to _____________ | |
Commission File Number:1-14303
(Exact Name of Registrant as Specified in Its Charter)
| Delaware | 38-3161171 |
|---|---|
| (State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification No.) |
| One Dauch Drive, Detroit, Michigan | 48211-1198 |
| (Address of Principal Executive Offices) | (Zip Code) |
(313)758-2000
(Registrant's Telephone Number, Including Area Code)
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☑ Accelerated filer☐ Non-accelerated filer☐ Smaller reporting company☐ Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☑
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered |
|---|---|---|
| Common Stock, par value $0.01 per share | AXL | New York Stock Exchange |
As of April 30, 2024, the latest practicable date, the number of shares of the registrant's Common Stock, par value $0.01 per share, outstanding was 117,553,022 shares.
Internet Website Access to Reports
The website for American Axle & Manufacturing Holdings, Inc. iswww.aam.com. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13 or 15(d) of the Exchange Act are available free of charge through our website as soon as reasonably practicable after they are electronically filed with, or furnished to, the Securities and Exchange Commission (SEC). The SEC also maintains a website at www.sec.gov that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.
FORM 10-Q
FOR THE QUARTER ENDED MARCH 31, 2024
TABLE OF CONTENTS
| Page Number | |||
|---|---|---|---|
| FORWARD-LOOKING STATEMENTS | 1 | ||
| Part I | FINANCIAL INFORMATION | 2 | |
| Item 1 | Financial Statements | 2 | |
| Condensed Consolidated Statements of Operations | 2 | ||
| Condensed Consolidated Statements of Comprehensive Income | 3 | ||
| Condensed Consolidated Balance Sheets | 4 | ||
| Condensed Consolidated Statements of Cash Flows | 5 | ||
| Condensed Consolidated Statements of Stockholders' Equity | 6 | ||
| Notes to Condensed Consolidated Financial Statements | 7 | ||
| Item 2 | Management's Discussion and Analysis of Financial Condition and Results of Operations | 25 | |
| Item 3 | Quantitative and Qualitative Disclosures About Market Risk | 35 | |
| Item 4 | Controls and Procedures | 36 | |
| Part II | OTHER INFORMATION | 37 | |
| Item 1A | Risk Factors | 37 | |
| Item 2 | Unregistered Sales of Equity Securities and Use of Proceeds | 37 | |
| Item 5 | Other Information | 37 | |
| Item 6 | Exhibits | 38 | |
| Signatures | 39 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.