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Last $20.73 USD
Change Today +0.75 / 3.75%
Volume 2.7M
AXL On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 3:29 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

american axle & mfg holdings (AXL) Key Developments

American Axle & Manufacturing Seeks Acquisitions

American Axle & Manufacturing Holdings Inc. (NYSE:AXL) is looking for acquisition opportunities. David Dauch, Chairman of the Board, President & Chief Executive Officer of American Axle & Manufacturing said, "I think it's a combination, I think we've done a tremendous job, expanding our product portfolio over the last several years. Even during the downturn in 2009, which is very tough on the whole industry, especially tough on our largest customers GM and Chrysler and our sales? We continue to invest in R&D and we continue to invest in our geographic expansion. So we’ve now got a geographic footprint, they can satisfy all the customers worldwide."

American Axle Looks to Expand by Adding 1,000 New Jobs in US over Next Five Years

American Axle & Manufacturing (AAM) is considering expansion plans that include adding 1,000 new jobs in Detroit, United States, over the next five years. The jobs, which will include about 100 positions for research-and-development (R&D) engineers and technicians, will be near AAM's headquarters along Interstate 75 at Holbrook Avenue.

American Axle & Manufacturing Holdings Inc. Presents at Barclays High Yield Bond and Syndicated Loan Conference, Jun-12-2015 09:30 AM

American Axle & Manufacturing Holdings Inc. Presents at Barclays High Yield Bond and Syndicated Loan Conference, Jun-12-2015 09:30 AM. Venue: The Broadmoor Hotel, 1 Lake Avenue, Colorado Springs, Colorado, United States. Speakers: Chris May, Treasurer.

American Axle & Manufacturing Holdings Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-27-2015 10:00 AM

American Axle & Manufacturing Holdings Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-27-2015 10:00 AM. Venue: InterContinental Boston, 510 Atlantic Ave, Boston, MA 02210, United States.

American Axle & Manufacturing Holdings Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Tax Rate Guidance for the Full Year of 2015

American Axle & Manufacturing Holdings Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $53.2 million or $0.68 per diluted share on net sales of $969.1 million compared to net income of $33.6 million or $0.44 per diluted share on net sales of $858.8 million reported a year ago. Operating income was $84.3 million compared to $64.8 million reported a year ago. Income before income taxes was $62.4 million compared to $40.6 million reported a year ago. Net cash provided by operating activities was $6.4 million compared to net cash used in operating activities of $55.5 million reported a year ago. Purchases of property, plant & equipment was $43.6 million compared to $47.9 million reported a year ago. EBITDA was $137.5 million compared to $112.5 million reported a year ago. Free cash flow was negative $37.1 million against $95.5 million reported a year ago. Net debt as on March 31, 2015 was $1,329.0 million. The company provided tax rate guidance for the full year of 2015. For the full year 2015 the tax rate range of approximately 15% to 20%.

 

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Industry Analysis

AXL

Industry Average

Valuation AXL Industry Range
Price/Earnings 9.2x
Price/Sales 0.4x
Price/Book 7.6x
Price/Cash Flow 9.0x
TEV/Sales NM Not Meaningful
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