American Axle backs FY24 revenue view $6.1B-$6.15B, consensus $6.13B

Raises FY24 adjusted EBITDA view to $740M-$750M from $715M-$745M. Raises FY24 adjusted free cash flow view to $220M-$230M from $200M-$220M. The company said, “The foregoing estimated financial results for the fiscal year ended December 31, 2024 are preliminary, unaudited and represent the most recent current information available to AAM and its management. AAM’s actual results may differ from these estimated financial results, including due to the completion of its financial closing procedures and final adjustments.”