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Friday, May 17, 11:43 AM A broad rally in auto supplier stocks isn't a shocker after positive news piled in from across the globe. In Europe, a long slide in sales has finally reversed while China is opening up the western part of its territory for manufacturers. Just to top it off quite nicely, consumer sentiment rose briskly in the U.S. Advancers: American Axle (AXL) +4.5%, Dana Holding (DAN) +4.1%, TRW Automotive (TRW) +2.2%, Navistar (NAV) +4.4%, Federal-Mogul (FDML) +4.2%, Magna International +1.9%, Meritor (MTOR) +2%, Johnson Controls (JCI) +1.9%, Exide Technologies (XIDE) +5.5%. Comment! [Consumer, On the Move]
Monday, May 13, 11:07 AM More Chinese companies are popping up in Detroit as they prepare for the eventuality of a major Chinese auto manufacturer selling cars in the U.S. For the most part, the firms are flying under the radar, but the numbers are starting to swell. The Detroit Chinese Business Association now has over 100 Chinese-owned businesses in its membership with the largest percentage geared toward supplying the automobile industry. It's a trend to watch for auto suppliers (AXL, ARMH, ALV, BWA, CLC, DAN, FDML, GNTX, JCI, MGA, TEN, TRW, WBC) used to having a home field advantage with the Big Three automakers. Comment! [Consumer]
Monday, May 6, 5:49 PM After-hours top gainers, as of 5:30 p.m.: SNTS +10%. MELI +9%. NLS +9%. ININ +6%. ROIC +6%.
After-hours top losers: RKUS -16%. NSPR -4%. AZPN -3%. HOLX -3%. AXL -3%. Comment! [On the Move]
Friday, May 3, 10:21 AM More on American Axle's (AXL +6%) Q1: A "commitment to deliver improved profitability and launch performance globally," results in strong Q1 revenues that beat analysts' estimates even after a labor strike at GM's Rayong factory in Thailand subtracted ~$12.5M from total sales. Content-per-vehicle rises to $1,504 from $1,475 in Q1 2012. 2013's primary focus: the "flawless" launch of products "supporting GM's next-generation full-size pickup truck and SUV program [and] the RAM heavy duty pickup truck program." (PR) Comment! [Earnings, On the Move]
Friday, May 3, 8:09 AM American Axle (AXL): Q1 EPS of $0.10. Revenue of $755.6M beats by $5.59M. (PR) Comment! [Earnings, Breaking News, Consumer]
Friday, May 3, 12:05 AM Notable earnings before Friday’s open: ADP, AXL, BBEP, BPL, CBOE, DUK, FBN, GBDC, GTXI, HST, LNT, MCO, NGLS, NRF, NVE, NWL, PNW, POM, PPC, REGN, SE, SEP, SMP, UPL, WCG, XLS, YRCW Comment! [Earnings]
Thursday, May 2, 5:30 PM Notable earnings before Friday’s open: ADP, AXL, BBEP, BPL, CBOE, DUK, FBN, GBDC, GTXI, HST, LNT, MCO, NGLS, NRF, NVE, NWL, PNW, POM, PPC, REGN, SE, SEP, SMP, UPL, WCG, XLS, YRCW Comment! [Earnings]
Wednesday, April 17, 8:24 AM Procter & Gamble's (PG) plan to save $2B by stretching out supplier payments is nothing new in the industry. Kimberly-Clark, Church & David, and Energizer Holdings all beat the company to the punch in employing the tactic to free up cash. What to watch: If automobile manufacturers decide to toy with the same idea, analysts think it could create a cash pinch for suppliers such as BWA, NAV, FSYS, FDML, AXL, TOWR, JCI, DLPH, and LEA. 3 Comments [Consumer]
Wednesday, March 27, 1:37 PM American Axle (AXL +4.3%) rallies after dipping slightly in Tuesday's post-trading session, when it disclosed its FY13 outlook. The company anticipates FY13 sales to be $3.25B, slightly below the consensus estimate of $3.27B, adding that it expects the labor strike at GM's Rayong factory in Thailand to have an estimated adverse impact on Q1 sales of approximately $15M. However, it also said its rate of sales has increased to about 15M vehicle units in FY13 from 14.4M vehicle units in FY12, which is fueling the upside move today. Comment! [On the Move, Global & FX, Consumer]
Friday, February 8, 8:15 AM American Axle & Manufact. Holdings, Inc. (AXL): Q4 EPS of $4.21 (incl. benefit of $337.5M related to the reversal of valuation allowance). Revenue of $736.7M (+21.6% Y/Y) beats by $5M. (PR) Comment! [Earnings, Breaking News]
Friday, February 8, 12:05 AM Notable earnings before Friday’s open: AOL, AXL, BPL, CBOE, ETR, GSM, LH, LPX, MCO, NBIX, PSEC, YRCW Comment! [Earnings]
Thursday, February 7, 5:30 PM Notable earnings before Friday’s open: AOL, AXL, BPL, CBOE, ETR, GSM, LH, LPX, MCO, NBIX, PSEC, YRCW Comment! [Earnings]
Tuesday, December 4, 2012, 6:22 PM American Axle (AXL) says its backlog of new and incremental business launching from 2013 through 2015 is estimated at $1.25B in future annual sales. The company also made progress on its customer diversification initiatives, noting that over 50% of its backlog comes from customers other than GM GM, including: Chrysler, Daimler Truck, Ford (F), Honda (HMC), Jaguar Land Rover, Mercedes Benz, Nissan (NSANY.PK), Tata Motors, Volvo Powertrain and others. Comment! [Earnings]
Friday, October 26, 2012, 8:03 AM American Axle & Manufacturing (AXL): Q3 EPS of -$0.11 misses by $0.44. Revenue of $702.9M (+8.5% Y/Y) beats by $16M. (PR) Comment! [Earnings, Consumer]
Friday, October 26, 2012, 12:10 AM Notable earnings before Friday’s open: ACI, AON, ARLP, AXL, B, CMCSA, CVH, DAN, DLR, EGO, ERIC, GT, HMSY, IMGN, IPG, KKR, LM, LYB, MCO, MRK, OHI, OSK, QSII, TASR, TCB, VTR, WY Comment! [Earnings]
Thursday, October 25, 2012, 5:30 PM Notable earnings before Friday’s open: ACI, AON, ARLP, AXL, B, CMCSA, CVH, DAN, DLR, EGO, ERIC, GT, HMSY, IMGN, IPG, KKR, LM, LYB, MCO, MRK, OHI, OSK, QSII, TASR, TCB, VTR, WY Comment! [Earnings]

AXL American Axle & Manufacturing Holdings, Inc.

AXL

American Axle & Manufacturing Holdings, Inc.