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American Axle & Manufacturing Holdings Inc (AXL)

AXL on New York Consolidated

16.20USD
21 Sep 2017
Change (% chg)

$0.01 (+0.06%)
Prev Close
$16.19
Open
$16.12
Day's High
$16.31
Day's Low
$16.01
Volume
1,142,299
Avg. Vol
1,729,499
52-wk High
$21.25
52-wk Low
$12.61

Latest Key Developments (Source: Significant Developments)

AAM reports Q2 earnings per share $0.59
Friday, 28 Jul 2017 08:00am EDT 

July 28 (Reuters) - American Axle & Manufacturing Holdings Inc -:AAM reports second quarter 2017 financial results.Q2 adjusted earnings per share $0.99.Q2 earnings per share $0.59.Q2 sales $1.76 billion versus i/b/e/s view $1.75 billion.Q2 earnings per share view $0.83 -- Thomson Reuters I/B/E/S.American Axle & Manufacturing Holdings Inc - aam is targeting sales of approximately $6.1 billion in 2017.American Axle & Manufacturing Holdings Inc - aam is targeting adjusted ebitda margin in range of 17% to 18% of sales in 2017.American Axle & Manufacturing Holdings Inc - aam is targeting adjusted free cash flow of approximately 5% of sales in 2017.American Axle & Manufacturing Holdings Inc - aam is targeting full year capital spending of approximately 8% of sales in 2017.American Axle & Manufacturing Holdings - expect to further incur significant costs, payments related to restructuring and acquisition-related activities during 2017.American Axle & Manufacturing Holdings Inc says confirmed its full year 2017 financial outlook.FY2017 earnings per share view $3.19, revenue view $6.07 billion -- Thomson Reuters I/B/E/S.  Full Article

American Axle Q1 earnings per share $0.99
Friday, 5 May 2017 08:00am EDT 

May 5 (Reuters) - American Axle & Manufacturing Holdings Inc :AAM reports first quarter 2017 financial results.Q1 adjusted earnings per share $1.03.Q1 earnings per share $0.99.Q1 sales $1.05 billion versus i/b/e/s view $1.06 billion.Q1 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.American Axle & Manufacturing Holdings Inc - non-gm sales increased to a record $347.1 million in q1 of 2017 as compared to $323.2 million in q1 of 2016.American Axle & Manufacturing Holdings Inc - is targeting adjusted free cash flow of approximately 5% of sales in 2017.American Axle & Manufacturing Holdings Inc - in q1 of 2017, aam's content-per-vehicle was $1,630 as compared to $1,611 in q1 of 2016.American Axle & Manufacturing Holdings Inc - aam is targeting full year capital spending of approximately 8% of sales in 2017.American Axle & Manufacturing - expect to incur significant costs and payments related to restructuring and acquisition-related activities during 2017.American Axle & Manufacturing - estimates pro forma gross new and incremental business backlog to be about $1.5 billion for three year period of 2017 - 2019.American Axle & Manufacturing Holdings Inc - targeting an adjusted ebitda margin in range of 17% to 18% of sales in 2017..American Axle & Manufacturing - expects annual normal business attrition to be between $100 million and $200 million each year during three year period of 2017 - 2019.  Full Article

American Axle & Manufacturing Holdings Inc enters into a credit agreement
Wednesday, 12 Apr 2017 04:40pm EDT 

American Axle & Manufacturing Holdings Inc : American Axle & Manufacturing Holdings Inc says on April 6, 2017 entered into a credit agreement . American Axle & Manufacturing - pursuant to agreement, lenders agreed to provide $100 million term loan A facility, a $1.55 billion term loan B facility . American Axle & Manufacturing - pursuant to agreement, lenders also agreed to provide $900 million multi-currency revolving credit facility . American Axle & Manufacturing Holdings Inc says term loan A facility and revolving credit facility will mature on April 6, 2022 .American Axle & Manufacturing Holdings Inc says term loan B facility will mature on April 6, 2024.  Full Article

American Axle & Manufacturing, Metaldyne Performance Group received approval of co's previously announced acquisition of MPG
Monday, 3 Apr 2017 08:05am EDT 

American Axle & Manufacturing Holdings Inc : American Axle & Manufacturing says on March 31, co, Metaldyne Performance Group received approval of co's previously announced acquisition of MPG - SEC filing .Approval was received from Federal Economic Competition Commission of Mexico.  Full Article

American Axle & Manufacturing Holdings - shareholder class action lawsuit was filed against Metaldyne Performance Group
Wednesday, 29 Mar 2017 06:23am EDT 

American Axle & Manufacturing Holdings Inc : American Axle & Manufacturing Holdings - on March 22, shareholder class action lawsuit was filed against Metaldyne Performance Group, members of MPG'S board . American Axle & Manufacturing Holdings Inc - complaint seeks, among other things, injunctive relief and an award of attorneys' fees and expenses . American Axle & Manufacturing Holdings - on March 23, plaintiff filed motion for preliminary injunction, request for expedited hearing before special meeting .American Axle & Manufacturing Holdings - on March 28, plaintiff filed notice with court voluntarily withdrawing his motion for preliminary injunction as moot.  Full Article

AAM announces pricing of $1.2 bln in senior notes
Thursday, 9 Mar 2017 04:02pm EST 

American Axle & Manufacturing Holdings Inc : Aam announces pricing of $1.2 billion in senior notes . American Axle & Manufacturing Holdings - has priced previously announced offering of $700 million in aggregate principal amount of 6.25% senior notes due 2025 . American Axle & Manufacturing Holdings - has priced previously announced offering of $500 million in aggregate principal amount of 6.50% senior notes due 2027 .Notes will be unconditionally guaranteed on a senior unsecured basis.  Full Article

American Axle announces proposed private offering of senior notes
Monday, 6 Mar 2017 04:24pm EST 

American Axle & Manufacturing Holdings Inc : AAM announces proposed private offering of senior notes . American Axle & Manufacturing Holdings Inc - unit intends to offer, subject to market and other conditions, $1.2 billion of senior notes . Co's unit intends to offer, subject to market and other conditions, $1.2 billion of senior notes .American Axle & Manufacturing - intends to use proceeds to pay cash consideration payable in connection with AAM's deal of Metaldyne Performance Group.  Full Article

American Axle & Manufacturing sees 2017 net sales of about $4.1 bln-$4.2 bln
Thursday, 23 Feb 2017 09:34am EST 

American Axle & Manufacturing Holdings Inc : American Axle & Manufacturing sees 2017 net sales of about $4.1 billion to $4.2 billion; sees 2017 U.S. SAAR of about 17.5 million units - lender presentation .Fy2017 revenue view $4.12 billion -- Thomson Reuters I/B/E/S.  Full Article

AAM reports Q4 EPS $0.59
Friday, 10 Feb 2017 08:00am EST 

American Axle & Manufacturing Holdings Inc : AAM reports fourth quarter and full year 2016 financial results . Q4 adjusted earnings per share $0.78 . Q4 earnings per share $0.59 . Q4 sales $946.5 million versus I/B/E/S view $957 million . Q4 earnings per share view $0.68 -- Thomson Reuters I/B/E/S . Says in Q4 of 2016, AAM's content-per-vehicle was $1,634 as compared to $1,645 in Q4 of 2015 . Says confirming its stand-alone full year 2017 outlook . Says AAM is targeting adjusted free cash flow in range of $175 million to $200 million in 2017 . Says AAM is targeting full year capital spending in range of 6.5-7.0 pct of sales in 2017 .FY 2017 earnings per share view $3.21, revenue view $4.09 billion -- Thomson Reuters I/B/E/S.  Full Article

American Axle & Manufacturing says waiting period for U.S. antitrust review under Hart-Scott-Rodino expired in connection with Metaldyne Performance Group deal
Tuesday, 24 Jan 2017 06:13am EST 

American Axle & Manufacturing Holdings Inc : American Axle & Manufacturing says on Jan 20, waiting period for U.S. antitrust review under Hart-Scott-Rodino expired in connection with Metaldyne Performance Group deal .American Axle & Manufacturing Holdings says also, co, Metaldyne have received clearance of proposed acquisition by antitrust authorities in Germany, Austria.  Full Article