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News Breaks
January 16, 2013
11:31 EDTAXLAmerican Axle: 2H12 performance negatively impacted by global launch activity
Information from slides presentation prepared for Deutsche Bank Global Automotive Conference.
News For AXL From The Last 14 Days
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May 1, 2015
09:41 EDTAXLAmerican Axle targeting sales CAGR in excess of 5% from 2015-2017
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09:40 EDTAXLAmerican Axle sees FY15 free cash flow $175M-$200M
AAM is targeting EBITDA in the range of $550M-$575M, or 13.75%-14% of sales, and is targeting full year capital spending of approximately 5% of sales in 2015.
09:30 EDTAXLAmerican Axle sees FY15 revenue $4B-$4.1B, consensus $4.07B
Sales projection is based on the anticipated launch schedule of programs in AAM's new and incremental business backlog and the assumption that the U.S. Seasonally Adjusted Annual Rate of sales is in the range of 16.5M-17M light vehicle units for the full year 2015. Guidance issued in a regulatory filing.
08:04 EDTAXLAmerican Axle reports Q1 EPS 68c, consensus 57c
Reports Q1 revenue $969.1M, consensus $961.68M. Reports Q1 non-GM sales up 14% to $328.9M. In the first quarter of 2015, AAM's content-per-vehicle was $1,676 as compared to $1,655 in the first quarter of 2014. AAM's gross profit in the first quarter of 2015 was $152.8 million, or 15.8% of sales, as compared to $121.9 million, or 14.2% of sales, in the first quarter of 2014.
April 30, 2015
15:01 EDTAXLNotable companies reporting before tomorrow's open
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April 28, 2015
10:29 EDTAXLHigh option volume stocks
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