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Stock Market & Financial Investment News

News Breaks
February 8, 2013
09:46 EDTAXLAmerican Axle sees FY13 revenue $3.2B, consensus $3.29B
American Axle & Manufacturing projects full year sales in 2013 of about $3.2B, 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 increases to approximately 15M vehicle units in 2013 from approximately 14.4M units in 2012. AAM sees 2013 EBITDA as a percentage of sales 13.0%-13.5%, and sees EBITDA as a percentage of sales 11.0%-12.0% in the first half of 2013. AAM sees full year net capital spending of about 7.0% of 2013 sales and expects to generate positive free cash flow in 2013. Guidance disclosed in a regulatory filing.
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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