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American Axle & Manufacturing Holdings Inc (AXL.N)

AXL.N on New York Stock Exchange

18.01USD
9 Dec 2016
Change (% chg)

$0.11 (+0.61%)
Prev Close
$17.90
Open
$17.98
Day's High
$18.09
Day's Low
$17.73
Volume
336,375
Avg. Vol
346,151
52-wk High
$21.79
52-wk Low
$11.44

Latest Key Developments (Source: Significant Developments)

American Axle & Manufacturing Holdings targeting sales CAGR in a range of 3-5 pct during period 2017 - 2019
Thursday, 17 Nov 2016 07:55am EST 

American Axle & Manufacturing Holdings Inc : American Axle & Manufacturing Holdings Inc - Targeting adjusted EBITDA margin in a range of 17% to 18% of sales by 2018 . American Axle & Manufacturing Holdings - Targeting CAPEX of about 8% of sales in 2017, reducing CAPEX to less than 6% of sales by 2019 .American Axle & Manufacturing Holdings Inc - Targeting sales CAGR in a range of 3% to 5% during period 2017 - 2019.  Full Article

American Axle reports Q2 earnings of $0.90/ share
Friday, 29 Jul 2016 08:00am EDT 

American Axle & Manufacturing Holdings Inc : Q2 earnings per share $0.90 . Q2 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . Q2 sales $1.025 billion versus I/B/E/S view $1.03 billion . In Q2 of 2016, AAM's content-per-vehicle was $1,609 as compared to $1,637 in Q2 of 2015 . Non-GM sales were $333.9 million in Q2 of 2016 as compared to $343.1 million in Q2 of 2015 . Says targeting an adjusted EBITDA margin in range of 15 percent to 15.5 percent in 2016 . Says targeting free cash flow in range of $140 million to $160 million in 2016 . FY2016 revenue view $3.98 billion -- Thomson Reuters I/B/E/S . Says targeting sales of $4.0 billion in 2016 . AAM is targeting full year capital spending of about 6 percent of sales in 2016 .FY2016 earnings per share view $3.06, revenue view $3.98 billion -- Thomson Reuters I/B/E/S.  Full Article

American Axle & Manufacturing Q1 earnings per share $0.78
Friday, 6 May 2016 08:30am EDT 

American Axle & Manufacturing Holdings Inc : In q1 of 2016, aam's content-per-vehicle was $1,611 as compared to $1,676 in q1 of 2015 . Aam reports first quarter 2016 financial results and announces share repurchase program . Qtrly non-gm sales of $323.2 million . Q1 earnings per share $0.78 . Q1 sales $969.2 million versus i/b/e/s view $998.8 million . Q1 earnings per share view $0.71 -- Thomson Reuters I/B/E/S . Repurchase will be funded through available cash balances and cash flow from operations. . Board of directors authorizes a share repurchase program of up to $100 million .Board of directors authorizes a share repurchase program of up to $100 million.  Full Article

American Axle & Manufacturing says targeting sales of $4 bln in 2016
Friday, 6 May 2016 08:09am EDT 

American Axle & Manufacturing Holdings Inc : Targeting ebitda margin in range of 14.5% to 15% of sales in 2016 . Aam is targeting full year capital spending of approximately 6% of sales in 2016 . Is targeting sales of $4.0 billion in 2016 .American axle & manufacturing holdings inc sees free cash flow in range of $120 million to $140 million in 2016..  Full Article

American Axle & Manufacturing Holdings Inc lowers prior FY 2015 outlook - conference call
Friday, 31 Jul 2015 10:00am EDT 

American Axle & Manufacturing Holdings Inc:Says that it is revising FY 2015 sales outlook to a range of $3.9 billion to $3.95 billion, down from the initial outlook of $4 billion to $4.1 billion.  Full Article

American Axle & Manufacturing Holdings Inc appoints officers
Friday, 31 Jul 2015 08:30am EDT 

American Axle & Manufacturing Holdings Inc:Appointment of Michael K. Simonte to President and Christopher J. May to Vice President & Chief Financial Officer effective Aug. 1.David C. Dauch will remain as Chairman and Chief Executive Officer.  Full Article

American Axle & Manufacturing Holdings Inc selected as target supplier of axles and driveshafts for GM's truck program
Friday, 31 Jul 2015 08:02am EDT 

American Axle & Manufacturing Holdings Inc:Selected as target supplier of axles and driveshafts for GM's truck program.Says expects to retain approximately 75% of the sales content provided to GM for the current full size truck program.Expects to provide approximately 75% of the light-duty axles, 100% of the heavy-duty axles and 100% of the rear steel driveshafts for GM's next generation full size truck program.  Full Article

American Axle & Manufacturing Holdings Inc updates FY 2015 revenue outlook - Conference Call
Wednesday, 27 May 2015 10:00am EDT 

American Axle & Manufacturing Holdings Inc:Expects FY 2015 sales to approach and exceed $4 bln.FY 2015 revenue of $4.069 bln - Thomson Reuters I/B/E/S.  Full Article

American Axle & Manufacturing Holdings Inc gives FY 2015 revenue guidance in line with analysts estimates - Conference Call
Monday, 23 Feb 2015 10:00am EST 

American Axle & Manufacturing Holdings Inc:Targets full-year sales in the range of $4 billion to $4.1 billion in FY 2015.FY 2015 revenue of $4.07 billion - Thomson Reuters I/B/E/S.  Full Article