AXL – Market expectations are for fading Uniform ROA, but management is confident about their margins, sales, and technology

• American Axle & Manufacturing Holdings, Inc. (AXL:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 13.7x Uniform P/E, implying bearish expectations for the firm. However, management is confident about their margins, sales, and technology
• Specifically, management generated an excitement marker when saying that the adjusted EBITDA in Q3 2017 was $297.7mn or 17.3% of sales compared to $156.7mn in Q3 2016 or 15.6% of sales. Additionally, they are confident that they expect to see improved performance in their casting business segment over the next several quarters, and that everything is moving right now towards disconnecting all-wheel drive for crossover vehicles