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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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October 31, 2014
10:36 EDTAXLAmerican Axle says Q4 EBITDA margin to be similar to Q1
The company expects its Q4 EBITDA margin to be lower than what it was in Q2 and Q3. The company says its Q4 EBITDA margin will be similar to what it was in Q1.
10:32 EDTAXLAmerican Axle says Q4 sales will be slighly less than $920M, consensus $940.19M
Comments made during the company's Q3 earnings conference call.
09:35 EDTAXLAmerican Axle sees FY15 revenue $4B, consensus $3.99B
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09:34 EDTAXLAmerican Axle sees FY14 revenue $3.675B, consensus $3.68B
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08:05 EDTAXLAmerican Axle reports Q3 EPS 63c, consensus 62c
Reports Q3 revenue $950.8M, consensus $954.54M.
08:04 EDTAXLAmerican Axle reports Q3 content-per-vehicle up to $1,676
08:04 EDTAXLAmerican Axle on track to deliver more than $100M in positive cash flow for FY14
08:03 EDTAXLAmerican Axle reports Q3 non-GM sales up 26.5% to $296.8M
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08:03 EDTAXLAmerican Axle reports Q3 EPS 63c, consensus 62c
Reports Q3 revenue $950.8M, consensus $954.54M
October 30, 2014
11:32 EDTAXLBorgWarner falls after cutting FY14 outlook
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October 21, 2014
10:00 EDTAXLOn The Fly: Analyst Initiation Summary
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06:25 EDTAXLAmerican Axle initiated with a Neutral at Susquehanna
Target $19.

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