| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| American Axle & Manufacturing Holdings, Inc. |
| 1840 Holbrook Avenue, Detroit, MI 48212 * (313) 974-2000 |
| Business Description | The company is a Tier 1 supplier to the automotive industry and a world leader in the design, engineering, and manufacturing of driveline systems for light trucks and sport-utility vehicles. |
| Offering Information Company has | |||
| Trading As | AXL (NYSE) | Industry | Manufacturing (SIC 3714) |
| Type of Stock Offered | Common Shares | Filing Date | 05/22/1998 |
| Domestic Shares Offered | 7,000,000 | Offer Date | 01/28/1999 |
| Foreign Shares Offered | 0 | Filing Range | $16.00 - $18.00 |
| Company Shares | 7,000,000 | Offer Price | $17.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.190 |
| Gross Proceeds | $119,000,000 | Selling | $0.700 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Morgan Stanley Dean Witter Discover & Co. | Co-manager | (212) 761-5900 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1994 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 03/31/1996 | 03/31/1998 | |
| Revenues | - | 1,548.655 | 1,968.076 | 2,022.272 | 2,147.451 | 546.859 | 583.285 |
| Income from Oper. | - | - | - | - | 116.133 | 36.369 | 36.307 |
| Net Income | - | 36.446 | 70.571 | 61.724 | 55.264 | 24.790 | 16.923 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | 27.08 | 2.75 | 6.190 | 6.66 | ||
| Net Income Growth (%) | - | 93.63 | -12.54 | -10.47 | -31.73 | ||
| Oper. Profit Margin (%) | - | - | - | - | 5.41 | 6.22 | 6.65 |
| Net Profit Margin (%) | - | 2.35 | 3.59 | 3.05 | 2.57 | 2.90 | 4.53 |
| Cash Flow - Oper. | 200.83 | 73.64 | 76.14 | ||||
| Cash Flow - Inv. | -282.63 | - | - | ||||
| Cash Flow - Fin. | -26.95 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1998 | Financial Ratios | ||||
| Total Assets | 999.54 | Current Assets | 340.74 | Current Ratio | 1.43 |
| Total Liab. | 945.08 | Current Liab. | 237.47 | Debt Ratio | 94.55% |
| Total Equity | 54.46 | Working Cap. | 103.27 | Debt to Equity Ratio | 17.35 |
| Cash | 126.03 | Return on Assets | 1.69% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to reduce the company's indebtedness and for general corporate purposes including capital expenditures. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Simpson, Thacher & Bartlett |
| Bank's Law Firm | Mayer, Brown & Platt |
| Registrar/Transfer Agent | First Chicago NBD |
| Auditor | Ernst & Young |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Industry Competition |
The automotive OEM supply industry is highly competitive with a number of other manufacturers that produce competitive products. Quality, service and price, as well as technological innovation, are the primary elements of competition. There can be no assurance that the Company's products will compete successfully with those of its competitors. These competitors include driveline component manufacturing facilities of existing OEMs, as well as independent domestic and international suppliers. Certain competitors are more diversified and have greater access to financial resources. There can be no assurance that the Company's business will not be adversely affected by increased competition, or that the Company will be able to maintain its profitability, if the competitive environment changes. |
| Business Plan |
The Company plans to leverage its competitive advantages and actively pursue the following strategies to increase revenue and profitability: (I) Improve product quality and manufacturing efficiency, (ii) Diversify, strengthen and globalize OEM customer base, (iii) Expand systems integrator capability, (iv) Develop new products and (v) Pursue selected acquisition opportunities. |