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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.
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February 12, 2016
10:27 EDTAXLAmerican Axle sees FY16 SG&A expense to slightly increase y/y
Says global automotive conditions to be positive in FY16. Sees FY16 SG&A expense to slightly increase y/y. Sees FY16 adjusted free cash flow roughly $170M. Comments taken from Q4 earnings conference call. In morning trading, American Axle shares rallied 18.3% to $13.90.
09:15 EDTAXLAmerican Axle backs FY16 revenue view $4B, consensus $4.09B
This 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 17.5M-18M light vehicle units in 2016. American Axle backs FY16 adjusted EBITDA margin view 14.5%-14.75%. Backs FY16 free cash flow view of $120M-$140M. American Axle backs capital spending view of roughly 6% in 2016. Guidance taken from 8k. Reference Link
08:06 EDTAXLAmerican Axle reports Q4 EPS 81c, consensus 68c
Reports Q4 revenue $958.4M, consensus $979.59M.
08:02 EDTAXLAmerican Axle reports Q4 EPS 81c, consensus 68c
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