American Axle (AXL) Tops Q3 EPS by 25c ; Provides Outlook

American Axle (NYSE: AXL) reported Q3 EPS of $0.20, $0.25 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.51 billion.

Outlook:-

AAM is targeting sales in the range of $6.1 - $6.15 billion vs. $6.1 - $6.3 billion prior.
AAM is targeting Adjusted EBITDA in the range of $715 - $745 million vs. $705 - $755 million prior.
AAM is targeting Adjusted free cash flow in the range of $200 - $220 million vs. $200 - $240 million prior; this target assumes capital spending of approximately 4% of sales.

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

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