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Stock Market & Financial Investment News

News Breaks
January 16, 2013
11:34 EDTAXLAmerican Axle sees FY13 EBITDA approximately 13%-13.5%
American Axle sees FY13 EBITDA approximately 13%-13.5% as a percentage of sales.
News For AXL From The Last 14 Days
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July 31, 2015
08:51 EDTAXLAmerican Axle appoints Christopher May as CFO
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08:39 EDTAXLAmerican Axle says key financial targets for 2015-2017 unchanged
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08:36 EDTAXLAmerican Axle sees 2015 U.S. SAAR of 16.5M-17M light vehicles
AAM’s revised 2015 sales outlook is based on the assumption that the U.S. Seasonally Adjusted Annual Rate of sales, or SAAR, is in the range of 16.5M-17M light vehicle units for the full year 2015. AAM is now targeting free cash flow for FY15 of approximately $175M. This revised free cash flow outlook for the full year 2015 reflects the impact of AAM’s revised sales and profitability outlook, as well as updated timing associated with the collection of government grants and rebilling tooling. AAM is targeting full year capital spending in the range of 4.5%-5% of sales in 2015.
08:33 EDTAXLAmerican Axle appoints Christopher May CFO and Michael Simonte President
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08:30 EDTAXLAmerican Axle lowers FY15 revenue view to $3.9B-$3.95B, consensus $4.06B
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08:15 EDTAXLAmerican Axle selected as axle and driveshaft supplier for GM trucks
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08:14 EDTAXLAmerican Axle selected by GM to provide axles, driveshafts
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08:10 EDTAXLAmerican Axle reports Q2 EPS 75c, consensus 71c
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08:01 EDTAXLAmerican Axle reports Q2 content-per-vehicle $1,637 vs. $1,640 last year
08:01 EDTAXLAmerican Axle reports non-GM sales up 15.1% to $343.1M
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08:01 EDTAXLAmerican Axle reports Q2 EPS 75c, consensus 71c
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