Fri. 3 May 2024, 8:07am ET
Benzinga
News, Guidance
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.