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American Axle & Manufacturing updates guidance

  • American Axle & Manufacturing (NYSE:AXL) reports 2018 preliminary revenue of ~$7.25B to match its prior outlook and slide in just below the consensus mark of $7.26B.
  • The company also anticipates a 2019 EBITDA margin of 16.25% of sales and adjusted free cash flow of ~$315M.
  • Looking ahead to 2019, American Axle sets targets of sales of $7.3B to $7.4B and adjusted EBITDA of $1.20B to $1.25B.
  • SEC Form 8-K

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American Axle & Manufacturing Holdings, Inc.