American Axle & Manufacturing Holdings Reiterates FY24 Sales Outlook In The Range Of $6.05B-$6.35B Vs. $6.2B Estimate; Targeting Adjusted EBITDA In The Range Of $685M-$750M
$AXL
Auto Parts:O.E.M.
Consumer Discretionary
AAM's previously stated full year 2024 financial targets remain unchanged. AAM's full year 2024 targets are as follows:
- AAM is targeting sales in the range of $6.05 - $6.35 billion.
- AAM is targeting Adjusted EBITDA in the range of $685 - $750 million.
- AAM is targeting Adjusted free cash flow in the range of $200 - $240 million; this target assumes capital spending of approximately 4.0% - 4.5% of sales.