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American Axle & Manufacturing Holdings Inc (AXL.N)

AXL.N on New York Stock Exchange

17.19USD
15 Dec 2017
Change (% chg)

$0.38 (+2.26%)
Prev Close
$16.81
Open
$16.90
Day's High
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Day's Low
$16.85
Volume
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Latest Key Developments (Source: Significant Developments)

American Axle & Manufacturing Holdings announces secondary common stock offering
Wednesday, 8 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

American Axle to buy Metaldyne Performance for $1.6 bln
Thursday, 3 Nov 2016 

American Axle & Manufacturing Holdings Inc : AAM announces acquisition of MPG . Deal expected to deliver annual cost synergies in range of $100 million to $120 million . Deal for $1.6 billion in cash and stock . Transaction is expected to be accretive to cash flow and eps in first full year following transaction . Deal includes assumption of $1.7 billion in net debt . Each share of MPG's common stock will be converted into right to get $13.50 per share in cash and 0.5 share of AAM stock . David C. Dauch will continue to serve as chairman and chief executive officer of AAM . Following transaction, affiliate of American Securities LLC will own about 23% of combined co . AAM's shareholders will own approximately 70% of combined company and MPG's shareholders will own approximately 30% . Effective as of closing of transaction, AAM's board of directors will be expanded to 11 members . AAM is targeting a net debt / adjusted EBITDA ratio of 2x by end of 2019 . Deal includes assumption of $1.7 billion in net debt . Transaction has been unanimously approved by boards of directors of both companies .Cash portion of merger consideration will be financed through a combination of cash on hand and debt.  Full Article

American Axle reports Q2 earnings of $0.90/ share
Friday, 29 Jul 2016 

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 

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 

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