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American Axle & Manufacturing Holdings Inc (AXL.N)

AXL.N on New York Stock Exchange

6.49USD
28 Oct 2020
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$-0.30 (-4.42%)
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Latest Key Developments (Source: Significant Developments)

American Axle & Manufacturing Holdings Says On September 22, Co's Malvern Manufacturing Facility In Ohio Experienced A Significant Industrial Fire
Thursday, 24 Sep 2020 

Sept 24 (Reuters) - American Axle & Manufacturing Holdings Inc ::AMERICAN AXLE & MANUFACTURING HOLDINGS INC - ON SEPTEMBER 22, CO'S MALVERN MANUFACTURING FACILITY IN OHIO EXPERIENCED A SIGNIFICANT INDUSTRIAL FIRE.AMERICAN AXLE & MANUFACTURING HOLDINGS INC - COMPANY IS STILL ASSESSING IMPACT OF DAMAGE.AMERICAN AXLE & MANUFACTURING HOLDINGS INC - MALVERN GENERATED APPROXIMATELY $100 MILLION OF SALES IN 2019.  Full Article

AAM Reports Q2 Loss Per Share Of $1.88
Friday, 31 Jul 2020 

July 31 (Reuters) - American Axle & Manufacturing Holdings Inc ::AAM REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS.Q2 ADJUSTED LOSS PER SHARE $1.79.Q2 LOSS PER SHARE $1.88.Q2 SALES $515.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $440.1 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $-1.98 -- REFINITIV IBES DATA.& MANUFACTURING - Q2 FINANCIAL RESULTS WERE UNFAVORABLY IMPACTED BY GLOBAL PRODUCTION SHUTDOWNS DUE TO CORONAVIRUS PANDEMIC.& MANUFACTURING HOLDINGS INC - NOT ISSUING REVISED 2020 FINANCIAL TARGETS AT THIS TIME.  Full Article

American Axle & Manufacturing Says Restarted Operations In North America, Europe In May
Tuesday, 9 Jun 2020 

June 9 (Reuters) - American Axle & Manufacturing Holdings Inc ::AMERICAN AXLE & MANUFACTURING - RESTARTED OPERATIONS IN NORTH AMERICA, EUROPE IN MAY; IN PROCESS OF RAMPING UP PRODUCTION, WITH CUSTOMERS, SUPPLY BASE.AMERICAN AXLE & MANUFACTURING - AAM EXPECTS TO HAVE AT LEAST $1.2 BILLION OF LIQUIDITY AT JUNE 30, 2020.  Full Article

AAM Announces Proposed Senior Notes Offering
Tuesday, 9 Jun 2020 

June 9 (Reuters) - American Axle & Manufacturing Holdings Inc ::AAM ANNOUNCES PROPOSED SENIOR NOTES OFFERING.AMERICAN AXLE & MANUFACTURING HOLDINGS INC - PLANNING A PUBLIC OFFERING OF $400 MILLION OF SENIOR NOTES.AMERICAN AXLE & MANUFACTURING - INTENDS TO USE NET PROCEEDS OF OFFERING TO FUND REDEMPTION OF 100% OF ITS OUTSTANDING 6.625% SENIOR NOTES DUE 2022.  Full Article

AAM Reports First Quarter 2020 Financial Results
Friday, 8 May 2020 

May 8 (Reuters) - American Axle & Manufacturing Holdings Inc ::AAM REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.20.Q1 LOSS PER SHARE $4.45.Q1 SALES $1.34 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.31 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.08 -- REFINITIV IBES DATA.& MANUFACTURING HOLDINGS INC - Q1 FINANCIAL RESULTS WERE UNFAVORABLY IMPACTED BY GLOBAL PRODUCTION REDUCTIONS DUE TO CORONAVIRUS.  Full Article

American Axle & Manufacturing Holdings Says Base Salaries Of Named Executive Officers Would Be Reduced By 30% Effective April 16
Tuesday, 7 Apr 2020 

April 6 (Reuters) - American Axle & Manufacturing Holdings Inc ::AMERICAN AXLE & MANUFACTURING HOLDINGS INC - BASE SALARIES OF ITS NAMED EXECUTIVE OFFICERS WOULD BE REDUCED BY 30% EFFECTIVE APRIL 16.AMERICAN AXLE & MANUFACTURING HOLDINGS INC - IMPLEMENTING REDUCTIONS IN BASE SALARY AMONG SALARIED ASSOCIATES, INCLUDING 30% REDUCTION FOR OFFICERS.AMERICAN AXLE & MANUFACTURING HOLDINGS INC - ANNUAL CASH RETAINER FOR EACH NON-EMPLOYEE DIRECTOR WOULD BE REDUCED BY 40% FOR REMAINDER OF FISCAL 2020.  Full Article

AAM Posts Quarterly Adjusted Earnings Per Share Of $0.13
Friday, 14 Feb 2020 

Feb 14 (Reuters) - American Axle & Manufacturing Holdings Inc ::AAM REPORTS FOURTH QUARTER AND FULL YEAR 2019 FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.13.Q4 LOSS PER SHARE $4.04.Q4 SALES $1.43 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.5 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.00 -- REFINITIV IBES DATA.SEES 2020 ADJUSTED EBITDA MARGIN OF APPROXIMATELY 16% OF SALES.AAM IS TARGETING SALES IN RANGE OF $5.8 BILLION - $6.0 BILLION IN 2020.SEES 2020 ADJUSTED FREE CASH FLOW OF APPROXIMATELY $300 MILLION.AMERICAN AXLE & MANUFACTURING - ESTIMATES THAT NET LOSS IN Q4 2019 WAS UNFAVORABLY IMPACTED BY GM WORK STOPPAGE BY ABOUT $52 MILLION, OR $0.47 PER SHARE.SEES 2020 NORTH AMERICAN LIGHT VEHICLE PRODUCTION OF 16.3 TO 16.5 MILLION UNITS.SEES 2020 EUROPEAN LIGHT VEHICLE PRODUCTION DOWN 1% TO 3% COMPARED TO 2019.SEES 2020 CHINA LIGHT VEHICLE PRODUCTION DOWN 3% TO 5% COMPARED TO 2019.AMERICAN AXLE & MANUFACTURING - ESTIMATES NET LOSS FOR FY 2019 WAS UNFAVORABLY IMPACTED BY GM WORK STOPPAGE BY ABOUT $66 MILLION, OR $0.59 PER SHARE.FY2020 REVENUE VIEW $6.09 BILLION -- REFINITIV IBES DATA.AMERICAN AXLE & MANUFACTURING - GROSS NEW, INCREMENTAL BUSINESS BACKLOG LAUNCHING FROM 2020 - 2022 ESTIMATED AT ABOUT $750 MILLION IN FUTURE ANNUAL SALES.AMERICAN AXLE & MANUFACTURING - EXPECTS LAUNCH CADENCE OF 3-YEAR BACKLOG TO BE ABOUT $400 MILLION IN 2020, $200 MILLION IN 2021 AND $150 MILLION IN 2022.  Full Article

American Axle & Manufacturing Q2 Earnings Per Share $0.45
Friday, 2 Aug 2019 

Aug 2 (Reuters) - American Axle & Manufacturing Holdings Inc ::QTRLY SALES OF $1.70 BILLION.Q2 ADJUSTED EARNINGS PER SHARE $0.55.Q2 EARNINGS PER SHARE $0.45.SEES FY 2019 SALES $6.9 BILLION TO $7.0 BILLION.Q2 EARNINGS PER SHARE VIEW $0.58, REVENUE VIEW $1.78 BILLION -- REFINITIV IBES DATA.AAM IS TARGETING ADJUSTED EBITDA IN THE RANGE OF $1.05 - $1.10 BILLION IN 2019..FY2019 REVENUE VIEW $7.27 BILLION -- REFINITIV IBES DATA.AMERICAN AXLE - EXPERIENCING LOWER METAL MARKET PASS THROUGHS AND LOWER THAN PROJECTED GLOBAL PRODUCTION VOLUMES FOR CERTAIN PROGRAMS.AMERICAN AXLE - AAM IS TARGETING ADJUSTED FREE CASH FLOW OF APPROXIMATELY $250 MILLION IN 2019.AMERICAN AXLE & MANUFACTURING - EXITED Q2 WITH SOFTER SALES THAN ANTICIPATED AND EXPECT THIS TO CONTINUE TO IMPACT CO IN H2.  Full Article

American Axle Q2 Adjusted Earnings Per Share $0.55
Friday, 2 Aug 2019 

American Axle & Manufacturing Holdings Inc ::AAM REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.55.Q2 EARNINGS PER SHARE $0.45.Q2 SALES $1.7 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.78 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.58 -- REFINITIV IBES DATA.& MANUFACTURING HOLDINGS INC - TARGETING SALES IN RANGE OF $6.9 - $7.0 BILLION IN 2019..  Full Article

American Axle Q4 Adj. Earnings Per Share $0.45
Friday, 15 Feb 2019 

Feb 15 (Reuters) - American Axle & Manufacturing Holdings Inc ::AAM REPORTS FOURTH QUARTER AND FULL YEAR 2018 FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.45.Q4 LOSS PER SHARE $3.24.Q4 SALES $1.69 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.68 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.42 -- REFINITIV IBES DATA.& MANUFACTURING HOLDINGS INC - TARGETING ADJUSTED FREE CASH FLOW IN RANGE OF $350 TO $400 MILLION IN 2019.& MANUFACTURING HOLDINGS INC SEES SALES IN RANGE OF $7.3 TO $7.4 BILLION IN 2019.& MANUFACTURING HOLDINGS INC - TARGETING ADJUSTED EBITDA IN RANGE OF $1.20 TO $1.25 BILLION IN 2019.& MANUFACTURING HOLDINGS INC - EXPECT PROFITABLY TO GROW IN 2019.& MANUFACTURING HOLDINGS - RESULTS IN Q4 AND FY 2018 REFLECT IMPACT OF NON-CASH GOODWILL IMPAIRMENT OF $485.5 MILLION.  Full Article