Aam posts quarterly adjusted earnings per share of $0.13

Aam reports fourth quarter and full year 2019 financial results.q4 adjusted earnings per share $0.13.q4 loss per share $4.04.q4 sales $1.43 billion versus refinitiv ibes estimate of $1.5 billion.q4 earnings per share estimate $0.00 -- refinitiv ibes data.sees 2020 adjusted ebitda margin of approximately 16% of sales.aam is targeting sales in range of $5.8 billion - $6.0 billion in 2020.sees 2020 adjusted free cash flow of approximately $300 million.american axle & manufacturing - estimates that net loss in q4 2019 was unfavorably impacted by gm work stoppage by about $52 million, or $0.47 per share.sees 2020 north american light vehicle production of 16.3 to 16.5 million units.sees 2020 european light vehicle production down 1% to 3% compared to 2019.sees 2020 china light vehicle production down 3% to 5% compared to 2019.american axle & manufacturing - estimates net loss for fy 2019 was unfavorably impacted by gm work stoppage by about $66 million, or $0.59 per share.fy2020 revenue view $6.09 billion -- refinitiv ibes data.american axle & manufacturing - gross new, incremental business backlog launching from 2020 - 2022 estimated at about $750 million in future annual sales.american axle & manufacturing - expects launch cadence of 3-year backlog to be about $400 million in 2020, $200 million in 2021 and $150 million in 2022.
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