American Axle & Manufacturing Holdings Inc. (AXL) stock is soaring 5.02% in pre-market trading on Friday following the release of its second-quarter 2025 financial results, which surpassed analyst expectations. The company reported adjusted earnings per share of $0.21, beating the consensus estimate of $0.15 by 41.89%. While sales of $1.54 billion slightly missed estimates, the company's adjusted EBITDA of $202.2 million outperformed the expected $192.5 million, driven by productivity improvements and cost controls.

Adding to the positive sentiment, American Axle & Manufacturing announced the appointment of David B. Walker to its Board of Directors. Walker, who recently retired as Vice Chairman of Investment Banking at J.P. Morgan, brings 35 years of business experience to the board, potentially enhancing the company's strategic decision-making capabilities.

Furthermore, AAM has raised its outlook for the full year 2025, instilling confidence in investors. The company now targets annual sales between $5.75 billion and $5.95 billion, up from the previous range of $5.65 billion to $5.95 billion. The adjusted EBITDA forecast has also been increased to $695 - $745 million, while the adjusted free cash flow target has been raised to $175 - $215 million. These upward revisions, coupled with the strong Q2 performance and strategic board appointment, are driving the stock's significant pre-market rally.