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American Axle narrows FY24 revenue view to $6.1B-$6.15B from $6.1B-$6.3B
The Fly

American Axle narrows FY24 revenue view to $6.1B-$6.15B from $6.1B-$6.3B

FY24 consensus $6.18B. AAM is targeting FY24 adjusted EBITDA in the range of $715-$745 million vs. $705 – $755 million prior. AAM is targeting FY24 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.

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