American Axle (AXL) Tops Q4 EPS by 10c, Confirms FY Outlook

American Axle (NYSE: AXL) reported Q4 EPS of $0.78, $0.10 better than the analyst estimate of $0.68. Revenue for the quarter came in at $946.5 million versus the consensus estimate of $956.95 million.

AAM's Full Year 2017 Outlook

AAM is confirming its stand-alone full year 2017 outlook:

• AAM is targeting sales in the range of $4.1 billion to $4.2 billion in 2017. This sales projection is based on the anticipated launch schedule of programs in AAM's new and incremental business backlog and the assumption that U.S. Seasonally Adjusted Annual Rate of sales ("SAAR") will be approximately 17.5 million light vehicle units in 2017.
• AAM is targeting an Adjusted EBITDA margin in the range of 15.5% to 16.0% of sales in 2017.
• AAM is targeting Adjusted free cash flow in the range of $175 million to $200 million in 2017.
• AAM is targeting full year capital spending in the range of 6.5% to 7.0% of sales in 2017.

For earnings history and earnings-related data on American Axle (AXL) click here.

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