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American Axle & Manufacturing Holdings Inc (AXL.N)

AXL.N on New York Stock Exchange

11.77USD
19 Jun 2019
Change (% chg)

$0.02 (+0.17%)
Prev Close
$11.75
Open
$11.76
Day's High
$11.81
Day's Low
$11.60
Volume
247,381
Avg. Vol
451,480
52-wk High
$19.33
52-wk Low
$9.98

Latest Key Developments (Source: Significant Developments)

American Axle Q1 Earnings Per Share $0.36
Friday, 3 May 2019 

May 3 (Reuters) - American Axle & Manufacturing Holdings Inc ::AAM REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.36.Q1 EARNINGS PER SHARE $0.36.Q1 SALES $1.72 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.74 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.34 -- REFINITIV IBES DATA.AAM'S PREVIOUSLY STATED 2019 FULL YEAR TARGETS REMAIN UNCHANGED.AAM IS TARGETING SALES IN RANGE OF $1.75 TO $1.8 BILLION FOR Q2 OF 2019.AAM IS TARGETING ADJUSTED EBITDA IN RANGE OF $270 TO $280 MILLION FOR Q2 OF 2019.CURRENTLY PROJECT THAT WE ARE TRENDING TOWARDS LOW END OF OUR RANGES FOR 2019.FY2019 EARNINGS PER SHARE VIEW $2.94, REVENUE VIEW $7.30 BILLION -- REFINITIV IBES DATA.Q2 REVENUE VIEW $1.91 BILLION -- REFINITIV IBES DATA.AAM TO REDEEM $100 MILLION OF ITS 7.75% NOTES.ISSUED A NOTICE OF REDEMPTION FOR REMAINING $100 MILLION OF ITS 7.75% SENIOR UNSECURED NOTES DUE 2019.WILL USE CASH ON HAND TO SETTLE REDEMPTION OF 7.75% NOTES.  Full Article

American Axle & Manufacturing Says CEO David Dauch's FY 2018 Total Compensation Was $9.5 Mln
Thursday, 21 Mar 2019 

March 21 (Reuters) - American Axle & Manufacturing Holdings Inc ::AMERICAN AXLE & MANUFACTURING HOLDINGS INC SAYS CEO DAVID DAUCH'S FY 2018 TOTAL COMPENSATION WAS $9.5 MILLION VERSUS $13.2 MILLION IN FY 2017 - SEC FILING.AMERICAN AXLE & MANUFACTURING HOLDINGS - RATIO OF 2018 ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES IS 170:1.  Full Article

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

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Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019

SAN FRANCISCO Alphabet Inc's Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future.