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News Breaks | | | | February 8, 2013 | | 09:46 EDT |  | AXL | American 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. | |
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