American Axle Updates 2017 Outlook - Quick Facts

(RTTNews) - American Axle & Manufacturing Holdings, Inc. (AXL) announced the company's full year 2017 financial outlook has been updated to include the impact of the Metaldyne Performance Group Inc. acquisition, reflecting the expected financial performance of the acquired entity from April 6, 2017 to December 31, 2017. AAM is targeting sales of approximately $6.1 billion in 2017, which excludes MPG sales for the period between January 1, 2017 and April 5, 2017.

The company is targeting an adjusted EBITDA margin in the range of 17% to 18% of sales in 2017. AAM is targeting adjusted free cash flow of approximately 5% of sales in 2017.