American Axle (AXL) Tops Q4 EPS by 13c, Revs Light

American Axle (NYSE: AXL) reported Q4 EPS of $0.13, $0.13 better than the analyst estimate of $0.00. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.5 billion.

"AAM delivered solid operating and cash flow performance in 2019, as we adjusted our operations for lower global production volumes and the GM work stoppage," said AAM's Chairman and Chief Executive Officer, David C. Dauch. "In 2020, we are focused on further free cash flow generation and debt reduction while continuing to invest in advanced propulsion technologies to drive future profitable growth for AAM."

GUIDANCE:

American Axle sees FY2020 revenue of $5.8-6 billion, versus the consensus of $6.09 billion.

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

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