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American Axle & Manufacturing Holdings Inc (AXL.N)

AXL.N on New York Stock Exchange

14.49USD
5:43pm GMT
Change (% chg)

$0.33 (+2.33%)
Prev Close
$14.16
Open
$14.27
Day's High
$14.54
Day's Low
$14.13
Volume
202,022
Avg. Vol
530,194
52-wk High
$19.60
52-wk Low
$10.14

Latest Key Developments (Source: Significant Developments)

American Axle & Manufacturing Holdings Sees 2019 Sales Of $7.3 Bln To $7.4 Bln
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - American Axle & Manufacturing Holdings Inc ::SEES 2019 SALES $7.3 BILLION TO $7.4 BILLION.FY2019 REVENUE VIEW $7.21 BILLION -- REFINITIV IBES DATA.SEES 2018 ADJUSTED. EBITDA MARGIN ABOUT 16.25 PERCENT OF SALES.AMERICAN AXLE & MANUFACTURING HOLDINGS - SEES 2019 CAPEX ABOUT 7 PERCENT OF SALES.SEES 2019 ADJUSTED EBITDA $1.2 BILLION TO $1.25 BILLION.AMERICAN AXLE & MANUFACTURING HOLDINGS - SEES 2019 ADJUSTED FREE CASH FLOW OF ABOUT $350 MILLION TO $400 MILLION.SEES 2019 RESTRUCTURING AND ACQUISITION RELATED PAYMENTS $50 MILLION TO $60 MILLION.  Full Article

AAM Further Expands In China, Forms Joint Venture With Liuzhou Wuling
Thursday, 5 Apr 2018 

April 5 (Reuters) - American Axle & Manufacturing Holdings Inc ::AAM FURTHER EXPANDS IN CHINA, FORMS JOINT VENTURE WITH LIUZHOU WULING.LIUZHOU AAM AUTOMOTIVE DRIVELINE SYSTEM WILL BEGIN PRODUCTION LATER THIS YEAR IN GUANGXI PROVINCE.WULING'S SUV AND MPV MODELS.  Full Article

American Axle & Manufacturing Holdings announces secondary common stock offering
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - American Axle :American Axle & Manufacturing Holdings Inc announces secondary common stock offering.Announces secondary offering of 15.0 million shares.  Full Article

AAM reports Q3 earnings $0.75/shr
Friday, 3 Nov 2017 

Nov 3 (Reuters) - American Axle & Manufacturing Holdings Inc :AAM reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.86.Q3 earnings per share $0.75.Q3 sales $1.72 billion versus I/B/E/S view $1.63 billion.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.American Axle & Manufacturing Holdings Inc - ‍increased its sales target to a range of $6.2 billion to $6.25 billion for full year 2017​.American Axle & Manufacturing Holdings Inc - ‍AAM has updated its full year 2017 financial outlook​.American Axle & Manufacturing Holdings Inc sees ‍adjusted EBITDA of approximately $1.1 billion in 2017.​.American Axle & Manufacturing Holdings Inc sees ‍adjusted free cash flow of approximately 5% of sales in 2017.​.American Axle & Manufacturing Holdings Inc sees ‍full year capital spending of approximately 8% of sales in 2017.​.American Axle & Manufacturing Holdings Inc - ‍AAM is targeting adjusted EBITDA of approximately $1.1 billion in 2017​.FY2017 revenue view $6.07 billion -- Thomson Reuters I/B/E/S.American Axle & Manufacturing Holdings Inc - ‍AAM is targeting full year capital spending of approximately 8% of sales in 2017​.American Axle & Manufacturing Holdings Inc - ‍non-GM sales in Q3 of 2017 were $1.01 billion as compared to $307.7 million in Q3 of 2016​.  Full Article

UPDATE 1-Delphi Tech names Richard Dauch as CEO

Jan 7 Delphi Technologies Plc on Monday named Richard Dauch as its chief executive officer, effective immediately.