Metaldyne LLC

Ridgway, PA, United States

Metaldyne LLC

Ridgway, PA, United States
SEARCH FILTERS
Time filter
Source Type

News Article | July 28, 2017
Site: www.prnewswire.com

"AAM had an outstanding and transformational second quarter," said David C. Dauch, AAM's Chairman and Chief Executive Officer. "Our financial results demonstrate the favorable impact of AAM's recent strategic acquisitions and our ability to deliver operational excellence, technology leadership and world-class quality on a larger, more diverse scale. We are off to a great start on our integration activities and look forward to driving further value through achievement of our synergy and debt reduction targets." AAM's second quarter of 2017 results reflect the impact of the acquisition of Metaldyne Performance Group Inc. (MPG) that was completed on April 6, 2017. AAM's sales in the second quarter of 2017 increased to $1.76 billion as compared to $1.03 billion in the second quarter of 2016. AAM's net sales in the first half of 2017 were $2.81 billion as compared to $1.99 billion in the first half of 2016.  Non-GM sales in the second quarter of 2017 increased to a record $969.7 million, or 55.2% of sales, as compared to $333.9 million, or 32.6% of sales, in the second quarter of 2016. AAM's net income in the second quarter of 2017 was $66.2 million, or $0.59 per share, as compared to net income of $71.0 million, or $0.90 per share, in the second quarter of 2016.  AAM's net income in the first half of 2017 was $144.6 million, or $1.51 per share, as compared to net income of $132.1 million, or $1.68 per share, in the first half of 2016. AAM defines Adjusted earnings per share to be diluted earnings per share excluding the impact of restructuring and acquisition-related costs, debt refinancing and redemption costs, and non-recurring items, including the tax effect thereon.  Adjusted earnings per share in the second quarter of 2017 were $0.99 compared to $0.89 in the second quarter of 2016. Adjusted earnings per share in the first half of 2017 were $2.02 as compared to $1.67 in the first half of 2016. AAM defines EBITDA to be earnings before interest expense, income taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA excluding the impact of restructuring and acquisition-related costs, debt refinancing and redemption costs, and non-recurring items.  In the second quarter of 2017, Adjusted EBITDA was $325.7 million, or 18.5% of sales, as compared to $164.8 million, or 16.1% of sales, in the second quarter of 2016.  In the first half of 2017, AAM's Adjusted EBITDA was $509.3 million, or 18.1% of sales, as compared to $314.6 million, or 15.8% of sales, in the first half of 2016. AAM's net cash provided by operating activities for the second quarter of 2017 was $150.9 million as compared to $157.3 million in the second quarter of 2016. AAM's net cash provided by operating activities for the first half of 2017 was $213.2 million as compared to $183.5 million for the first half of 2016. AAM defines free cash flow to be net cash provided by operating activities less capital expenditures net of proceeds from the sale of property, plant and equipment and government grants. Adjusted free cash flow is defined as free cash flow excluding the impact of cash payments for restructuring and acquisition-related costs, settlements of pre-existing accounts payable balances with acquired entities, and interest payments upon the settlement of acquired company debt. AAM's Adjusted free cash flow for the second quarter of 2017 was $141.6 million as compared to $105.0 million for the second quarter of 2016.  AAM's Adjusted free cash flow for the first half of 2017 was $202.1 million as compared to $81.2 million for the first half of 2016. AAM Confirms Full Year 2017 Financial Outlook AAM confirmed its full year 2017 financial outlook which includes the impact of the MPG acquisition, reflecting the expected financial performance of the acquired entity from April 6, 2017 to December 31, 2017. Second Quarter 2017 Conference Call A conference call to review AAM's second quarter 2017 results is scheduled today at 10:00 AM ET.  Interested participants may listen to the live conference call and view the related conference call slides by logging onto AAM's investor web site at investor.aam.com or calling (855) 681-2072 from the United States or (973) 200-3383 from outside the United States.  A replay will be available from 1:00 p.m. ET on July 28 until 11:59 p.m. ET August 4 by dialing (855) 859-2056 from the United States or (404) 537-3406 from outside the United States.  When prompted, callers should enter conference reservation number 87956025. Non-GAAP Financial Information In addition to the results reported in accordance with accounting principles generally accepted in the United States of America (GAAP) included within this press release, AAM has provided certain information, which includes non-GAAP financial measures such as Adjusted EBITDA, Adjusted earnings per share and Adjusted free cash flow.  Such information is reconciled to its closest GAAP measure in accordance with Securities and Exchange Commission rules and is included in the attached supplemental data. Certain of the forward-looking financial measures included in this earnings release are provided on a non-GAAP basis. A reconciliation of non-GAAP forward-looking financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP is not practical given the difficulty of projecting event driven transactional and other non-core operating items, as well as purchase price adjustments and their related effects in any future period. The magnitude of these items, however, may be significant. Management believes that these non-GAAP financial measures are useful to management, investors, and banking institutions in their analysis of the Company's business and operating performance. Management also uses this information for operational planning and decision-making purposes. Non-GAAP financial measures are not and should not be considered a substitute for any GAAP measure. Additionally, non-GAAP financial measures as presented by AAM may not be comparable to similarly titled measures reported by other companies. Company Description AAM is a premier, global leader in design, engineering, validation and manufacturing of driveline, metal forming, powertrain, and casting products for automotive, commercial and industrial markets. Headquartered in Detroit, AAM has over 25,000 associates operating at more than 90 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership.  To learn more, visit www.aam.com. Cautionary Statements In this earnings release, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results. The terms such as "will," "may," "could," "would," "plan," "believe," "expect," "anticipate," "intend," "project," "target," and similar words or expressions, as well as statements in future tense, are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and may differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to: reduced purchases of our products by General Motors Company (GM), FCA US LLC (FCA), or other customers; reduced demand for our customers' products (particularly light trucks and sport utility vehicles (SUVs) produced by GM and FCA); our ability to develop and produce new products that reflect market demand; lower-than-anticipated market acceptance of new or existing products; our ability to respond to changes in technology, increased competition or pricing pressures; our ability to attract new customers and programs for new products; our ability to successfully integrate the business and information systems of Metaldyne Performance Group, Inc. (MPG) and to realize the anticipated benefits of the merger; risks inherent in our global operations (including adverse changes in trade agreements, tariffs, immigration policies, political stability, taxes and other law changes, potential disruptions of production and supply, and currency rate fluctuations); negative or unexpected tax consequences; risks related to disruptions to ongoing business operations as a result of the merger with MPG, including disruptions to management time; liabilities arising from warranty claims, product recall or field actions, product liability and legal proceedings to which we are or may become a party, or the impact of product recall or field actions on our customers; our ability to achieve the level of cost reductions required to sustain global cost competitiveness; supply shortages or price increases in raw materials, utilities or other operating supplies for us or our customers as a result of natural disasters or otherwise; our ability or our customers' and suppliers' ability to successfully launch new product programs on a timely basis; our ability to realize the expected revenues from our new and incremental business backlog; risks related to a failure of our information technology systems and networks, and risks associated with current and emerging technology threats and damage from computer viruses, unauthorized access, cyber attack and other similar disruptions; global economic conditions; a significant disruption in operations at one of our key manufacturing facilities; our ability to maintain satisfactory labor relations and avoid work stoppages; our suppliers', our customers' and their suppliers' ability to maintain satisfactory labor relations and avoid work stoppages; price volatility in, or reduced availability of, fuel; potential liabilities or litigation relating to, or assumed in, the MPG merger; potential adverse reactions or changes to business relationships resulting from the completion of the merger with MPG; our ability to protect our intellectual property and successfully defend against assertions made against us; our ability to attract and retain key associates; availability of financing for working capital, capital expenditures, research and development (R&D) or other general corporate purposes including acquisitions, as well as our ability to comply with financial covenants; our customers' and suppliers' availability of financing for working capital, capital expenditures, R&D or other general corporate purposes; changes in liabilities arising from pension and other postretirement benefit obligations; risks of noncompliance with environmental laws and regulations or risks of environmental issues that could result in unforeseen costs at our facilities or reputational damage; adverse changes in laws, government regulations or market conditions affecting our products or our customers' products (such as the Corporate Average Fuel Economy (CAFE) regulations); our ability or our customers' and suppliers' ability to comply with the Dodd-Frank Act and other regulatory requirements and the potential costs of such compliance; and other unanticipated events and conditions that may hinder our ability to compete.  It is not possible to foresee or identify all such factors and we make no commitment to update any forward-looking statement or to disclose any facts, events or circumstances after the date hereof that may affect the accuracy of any forward-looking statement. Or visit the AAM website at www.aam.com.


News Article | August 2, 2017
Site: www.prnewswire.com

NEW YORK, Aug. 2, 2017 /PRNewswire/ -- About Metal Powders Metal powders refer to finely powdered metals that are used in thermal spraying, fabricating sintered parts, filling plastics, and other related applications. Metal powders find their application in powder metallurgy (PM). PM refers to the process of making components or parts of metals by heating powdered metals (compacted) at a temperature just below their melting point. The benefits of PM are the elimination of waste resulting from conventional machining and the potential to create a range of alloyed components. Read the full report: http://www.reportlinker.com/p05015539/Global-Metal-Powders-Market.html Technavio's analysts forecast the global metal powders market to grow at a CAGR of 3.72% during the period 2017-2021. Covered in this report The report covers the present scenario and the growth prospects of the global metal powders market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product. The market is divided into the following segments based on geography: • Americas • APAC • EMEA Technavio's report, Global Metal Powders Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors • Alcoa, • ATI, • BASF, • Rio Tinto, • Sandvik. Other prominent vendors • AMETEK • CRS Holdings • GKN • Hitachi Chemicals • Höganäs • Kennametal • Miba • Metaldyne Performance Group • SCM Metal Products Market driver • Increased use of powder metallurgy (PM) technology • For a full, detailed list, view our report Market challenge • Environmental issues regarding metal powders • For a full, detailed list, view our report Market trend • Increased focus on titanium metal powders • For a full, detailed list, view our report Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors? You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report. Read the full report: http://www.reportlinker.com/p05015539/Global-Metal-Powders-Market.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001


News Article | June 1, 2017
Site: www.materialstoday.com

American Axle & Manufacturing (AAM), which owns automotive component manufacturer Metaldyne, has reported its financial results for Q1 2017 provided an updated 2017 financial outlook. Q1 sales were US$1.05 billion, up from US$0.97 billion in Q1 of 2016, with a gross profit of US$210.7 million, or 20.1% of sales. AAM’s net income in Q1 2017 was US$78.4 million, or US$0.99 per share, as compared to net income of US$61.1 million, or US$0.78 per share, in Q1 2016. ‘AAM's record financial performance in the first quarter of 2017 sets the stage for the next chapter in our future,’ said David C. Dauch, AAM’s chairman and CEO. ‘As we implement our integration plans to achieve synergy targets related to the completed acquisition of MPG, we look forward to driving profitable growth, strong free cash flow generation and long-term shareholder value as a larger, more diverse company.’ AAM's full year 2017 financial outlook has been updated to include the impact of the Metaldyne acquisition, and the company is now targeting sales of approximately US$6.1 billion in 2017. This story is reprinted from material from AAM, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.


News Article | June 2, 2017
Site: www.accesswire.com

NEW YORK, NY / ACCESSWIRE / June 2, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies, is issuing a comprehensive report with no obligation on American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), a supplier to the automotive industry. Specifically, the company manufactures, engineers, designs, and validates driveline / drivetrain systems and related components for passenger vehicles. Driveline and drivetrain systems are primarily responsible for transferring power from a vehicle's transmission to its drive wheels. On April 6, 2017, AXL completed its acquisition of Metaldyne Performance Group (originally announced in November 2016). The combined entity will have a strong position in powertrain, drivetrain, and driveline. In addition to building out legacy product lines, the acquisition should grow AXL's exposure to the commercial and industrial markets. Another benefit of the merger is a more diversified customer base. Get the acquisition details, analysts target price and Q1 financial review in this report - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. The company's primary customer is GM, which uses AXL as the sole-source supplier for certain axles and drivelines in some vehicles. The company also supplies driveline system products to FCA US LLC (FCA) for full-size RAM pickup trucks, all-wheel drive Jeep Cherokees, and certain passenger cars. Sales to FCA accounted for approximately 18 percent of net sales in 2016. In addition to GM and FCA, AXL's customers include Nissan, Mercedes-Benz, Volkswagen, Audi, Jaguar Land Rover, Honda, Ford, PACCAR, Daimler Truck, Volvo, Harley-Davidson, and other manufacturers. AXL's acquisition of Metaldyne addressed many of the company's underlying issues. American Axle stock currently trades at a multiple of 4 to 4.5 times earnings based upon both trailing and projected earnings, creating a potential value investment. Our full report discusses the pro forma impact of the Metaldyne acquisition - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. Traders News Source LLC (TNS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering small and micro-cap equity markets. TNS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE, NASDAQ, and OTC exchanges. The other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. TNS has not been compensated, directly or indirectly, for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a chartered financial analyst, for further information on analyst credentials, please email [email protected]. Ivan Neilson, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written, and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author per the procedures outlined by TNS. TNS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents, or reports. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. TNS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake, or shortcoming. No liability is accepted whatsoever for any direct, indirect, or consequential loss arising from the use of this document. TNS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, TNS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness, or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.tradersnewssource.com. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer be featured on our coverage list, contact us via email at: [email protected] CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | June 2, 2017
Site: marketersmedia.com

NEW YORK, NY / ACCESSWIRE / June 2, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies, is issuing a comprehensive report with no obligation on American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), a supplier to the automotive industry. Specifically, the company manufactures, engineers, designs, and validates driveline / drivetrain systems and related components for passenger vehicles. Driveline and drivetrain systems are primarily responsible for transferring power from a vehicle's transmission to its drive wheels. On April 6, 2017, AXL completed its acquisition of Metaldyne Performance Group (originally announced in November 2016). The combined entity will have a strong position in powertrain, drivetrain, and driveline. In addition to building out legacy product lines, the acquisition should grow AXL's exposure to the commercial and industrial markets. Another benefit of the merger is a more diversified customer base. Get the acquisition details, analysts target price and Q1 financial review in this report - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. The company's primary customer is GM, which uses AXL as the sole-source supplier for certain axles and drivelines in some vehicles. The company also supplies driveline system products to FCA US LLC (FCA) for full-size RAM pickup trucks, all-wheel drive Jeep Cherokees, and certain passenger cars. Sales to FCA accounted for approximately 18 percent of net sales in 2016. In addition to GM and FCA, AXL's customers include Nissan, Mercedes-Benz, Volkswagen, Audi, Jaguar Land Rover, Honda, Ford, PACCAR, Daimler Truck, Volvo, Harley-Davidson, and other manufacturers. AXL's acquisition of Metaldyne addressed many of the company's underlying issues. American Axle stock currently trades at a multiple of 4 to 4.5 times earnings based upon both trailing and projected earnings, creating a potential value investment. Our full report discusses the pro forma impact of the Metaldyne acquisition - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. Traders News Source LLC (TNS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering small and micro-cap equity markets. TNS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE, NASDAQ, and OTC exchanges. The other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. TNS has not been compensated, directly or indirectly, for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a chartered financial analyst, for further information on analyst credentials, please email editor@tradersnewssource.com. Ivan Neilson, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written, and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author per the procedures outlined by TNS. TNS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents, or reports. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. TNS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake, or shortcoming. No liability is accepted whatsoever for any direct, indirect, or consequential loss arising from the use of this document. TNS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, TNS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness, or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.tradersnewssource.com. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer be featured on our coverage list, contact us via email at: editor@tradersnewssource.com CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. NEW YORK, NY / ACCESSWIRE / June 2, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies, is issuing a comprehensive report with no obligation on American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), a supplier to the automotive industry. Specifically, the company manufactures, engineers, designs, and validates driveline / drivetrain systems and related components for passenger vehicles. Driveline and drivetrain systems are primarily responsible for transferring power from a vehicle's transmission to its drive wheels. On April 6, 2017, AXL completed its acquisition of Metaldyne Performance Group (originally announced in November 2016). The combined entity will have a strong position in powertrain, drivetrain, and driveline. In addition to building out legacy product lines, the acquisition should grow AXL's exposure to the commercial and industrial markets. Another benefit of the merger is a more diversified customer base. Get the acquisition details, analysts target price and Q1 financial review in this report - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. The company's primary customer is GM, which uses AXL as the sole-source supplier for certain axles and drivelines in some vehicles. The company also supplies driveline system products to FCA US LLC (FCA) for full-size RAM pickup trucks, all-wheel drive Jeep Cherokees, and certain passenger cars. Sales to FCA accounted for approximately 18 percent of net sales in 2016. In addition to GM and FCA, AXL's customers include Nissan, Mercedes-Benz, Volkswagen, Audi, Jaguar Land Rover, Honda, Ford, PACCAR, Daimler Truck, Volvo, Harley-Davidson, and other manufacturers. AXL's acquisition of Metaldyne addressed many of the company's underlying issues. American Axle stock currently trades at a multiple of 4 to 4.5 times earnings based upon both trailing and projected earnings, creating a potential value investment. Our full report discusses the pro forma impact of the Metaldyne acquisition - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. Traders News Source LLC (TNS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering small and micro-cap equity markets. TNS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE, NASDAQ, and OTC exchanges. The other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. TNS has not been compensated, directly or indirectly, for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a chartered financial analyst, for further information on analyst credentials, please email editor@tradersnewssource.com. Ivan Neilson, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written, and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author per the procedures outlined by TNS. TNS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents, or reports. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. TNS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake, or shortcoming. No liability is accepted whatsoever for any direct, indirect, or consequential loss arising from the use of this document. TNS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, TNS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness, or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.tradersnewssource.com. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer be featured on our coverage list, contact us via email at: editor@tradersnewssource.com CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


Global Automotive Flywheel Market is expected to grow at a CAGR of 5.3% from 2016 to 2023. Rising adoption of Dual Clutch Transmission (DCT) and Continuous Variable Transmission (CVT), increase in penetration of dual-mass flywheel, rising demand for automated transmission systems in developing countries and growing research on substitute materials are the factors driving the market growth. However, rising sales of electric vehicles is hampering the automotive flywheel market. Increasing research on emerging technologies such as Kinetic Energy Recovery System (KERS) and continuous energy storage in vehicles are some of the major trends prevailing in the market. Passenger cars segment dominated the overall application market and is expected to continue its dominance over the forecast period due to growing demand for passenger cars, SUVs and crossovers across the globe. Asia Pacific is anticipated to be the largest market for automotive flywheel owing to mass vehicle production in China, India, Japan and South Korea as well as adoption of automated transmission systems. Some of the key players in global Automotive Flywheel market are EXEDY, Linamar, Mancor, Metaldyne, Schaeffler, Skyway Precision, Valeo, Waupaca Foundry and ZF Friedrichshafen AG. Regions Covered:  • North America  o US  o Canada  o Mexico  • Europe  o Germany  o France  o Italy  o UK  o Spain  o Rest of Europe  • Asia Pacific  o Japan  o China  o India  o Australia  o South Korea  o Rest of Asia Pacific  • Rest of the World  o Middle East  o Brazil  o Argentina  o South Africa  o Egypt 4 Porters Five Force Analysis  4.1 Bargaining power of suppliers  4.2 Bargaining power of buyers  4.3 Threat of substitutes  4.4 Threat of new entrants  4.5 Competitive rivalry What our report offers:  - Market share assessments for the regional and country level segments  - Market share analysis of the top industry players  - Strategic recommendations for the new entrants  - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets  - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)  - Strategic recommendations in key business segments based on the market estimations  - Competitive landscaping mapping the key common trends  - Company profiling with detailed strategies, financials, and recent developments  - Supply chain trends mapping the latest technological advancements For more information, please visit https://www.wiseguyreports.com/sample-request/1631144-automotive-flywheel-global-market-outlook-2017-2023


LONDON, UK / ACCESSWIRE / August 14, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) ("AAM"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=AXL, following the Company's disclosure of its second quarter fiscal 2017 results on July 28, 2017. The maker of auto parts topped earnings expectations and confirmed its full year 2017 financial outlook. AAM's Q2 2017 results reflected the impact of the acquisition of Metaldyne Performance Group Inc. ("MPG") that was completed on April 06, 2017. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at: Get more of our free earnings reports coverage from other constituents of the Auto Parts industry. Pro-TD has currently selected Dorman Products, Inc. (NASDAQ: DORM) for due-diligence and potential coverage as the Company announced on August 01, 2017, its financial results for Q2. Register for a free membership today, and be among the early birds that get access to our report on Dorman Products when we publish it. At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AXL; also brushing on DORM. With the links below you can directly download the report of your stock of interest free of charge at: AAM's sales in Q2 2017 increased to $1.76 billion compared to $1.03 billion in Q2 2016. The Company's non-GM sales increased to a record $969.7 million, or 55.2% of sales, in Q2 2017 compared to $333.9 million, or 32.6% of sales, in the prior year's same quarter. The Company's sales figures fell short of analysts' estimates by 0.2%. During Q2 2017, AAM's net income totaled $66.2 million, or $0.59 per share, compared to net income of $71.0 million, or $0.90 per share, in Q2 2016. The Company's earnings, excluding the impact of restructuring and acquisition-related costs, debt refinancing, and redemption costs, and non-recurring items, totaled $0.99 per share for the reported quarter compared to $0.89 in the prior year's corresponding quarter. AAM's earnings number topped Wall Street's estimates of $0.86 per share. For Q2 21017, AAM's adjusted earnings before interest expense, income taxes, depreciation and amortization (EBITDA) was $325.7 million, or 18.5% of sales, compared to $164.8 million, or 16.1% of sales, in Q2 2016. During Q2 2017, AAM's Driveline business revenue totaled $1.02 billion compared to $969.5 million in Q2 2016. The segment's adjusted EBITDA came in at $178.9 million compared to $135.7 million for the prior year's corresponding quarter. For Q2 2017, AAM's Metal Forming unit recorded sales of $369.3 million versus sales of $141.4 million in Q2 2016. The segment posted adjusted EBITDA of $69.4 million in the reported quarter compared to $29.1 million in Q2 2016. During Q2 2017, AAM's net cash provided by operating activities was $150.9 million compared to $157.3 million in Q2 2016. AAM's net cash provided by operating activities for H1 2017 was $213.2 million compared to $183.5 million for H1 2016. AAM's adjusted free cash flow was $141.6 million for the reported quarter compared to $105.0 million for the year ago same period. The Company's adjusted free cash flow was $202.1 million for H1 2017 compared to $81.2 million for H1 2016. AAM confirmed its full year 2017 financial outlook which includes the impact of the MPG's acquisition. The Company is forecasting sales of approximately $6.1 billion in 2017, which excludes MPG's sales for the period between January 01, 2017 and April 05, 2017. The Company is estimating adjusted EBITDA margin in the range of 17% to 18% of sales in 2017. AAM is predicting adjusted free cash flow of approximately 5% of sales in 2017. The Company is targeting full year capital spending of approximately 8% of sales in 2017. On Friday, August 11, 2017, American Axle & Manufacturing's stock closed the trading session at $14.35, climbing 1.49% from its previous closing price of $14.14. A total volume of 1.60 million shares were exchanged during the session. Shares of the Company have a PE ratio of 4.85 and currently have a market cap of $1.57 billion. Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | January 21, 2016
Site: www.materialstoday.com

Thomas Amato, co-president of of PM automotive component manufacturer Metaldyne Performance Group (MPG) and president and CEO Metaldyne LLC has left the company to pursue other interests. ‘On behalf of the MPG board, we would like to thank Tom for his leadership and contributions to Metaldyne and MPG,; said Kevin Penn, Chairman of MPG.  ;I met Tom in 2012 during the process through which American Securities acquired Metaldyne, and we have always been impressed with his leadership style.  Tom was instrumental in the creation of MPG, taking on the additional role of chief integration officer, in which he did a terrific job bringing together the companies.  We would like to thank him for his efforts, commitment, and dedication.’ Amato joined the predecessor company to Metaldyne, MascoTech Inc, in 1994 as director of corporate development.  He later served in a number of financial, operating and commercial roles.  In 2007, he was named chairman and CEO of Metaldyne and co-CEO of Asahi Tec, the then-parent company of Metaldyne.  He led an extensive turnaround through the global financial crisis in 2008 to 2009, where Metaldyne was re-formed as an independent company and sold to a group of investors. Amato continued as president and CEO through the sale to American Securities in 2012 and through the merger and formation of MPG and subsequent IPO. Douglas Grimm, currently co-president of MPG, has been named president and chief operating officer with responsibility for all operating activities of the various MPG operations and Russell Bradley has been named executive vice president of sales with responsibility for coordinating the sales efforts of the operating divisions. This story uses material from MPG, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.


LONDON, UK / ACCESSWIRE / November 4, 2016 / Active Wall St. blog coverage looks at the headline from American Axle & Manufacturing Holdings Inc. (NYSE: AXL) ("AAM") as the company announced, in a historic deal within the auto components sector, that it has finalized a merger agreement with Metaldyne Performance Group Inc. (NYSE: MPG). The merger announced on November 03, 2016, will create a diversified global powerhouse for Powertrain, Drivetrain, and Driveline Solutions. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. Today, AWS is promoting its blog coverage on AXL and MPG. Get all of our free blog coverage and more by clicking on the link below: AAM is a leading designer and manufacturer of driveline systems, chassis systems, and forged products for trucks, SUVs, buses, and passenger cars with 13,000 employees and operations globally. Metaldyne Performance Group ("MPG") was the result of the merger of Grede Holdings LLC, HHI Group Holdings, and Metaldyne LLC in 2014. MPG's operations are spread over 60 locations in 13 countries with approximately 12,000 employees. AAM and MOG complement each other and the merger will add to their strengths. Commenting on the merger, David C. Dauch, Chairman and CEO of AAM said: "MPG's expertise in complex, highly-engineered powertrain components and its global footprint will be tremendous assets to AAM." As per agreed terms of the merger, AAM will pay MPG $1.6 billion in cash for all the outstanding shares and $1.7 billion towards clearing its debts. AAM plans to pay $13.50 in cash and 0.5 share of AAM for each MPG shares. On completion of the merger, AAM's stockholders will own approximately 70% of the merged entity and MPG's stockholders would own the remaining 30%. The deal is expected to close in the first half of 2017 subject to statutory approvals. AAM plans to use a combination of cash in hand and fresh debt to finance the merger. AAM has parallelly signed a voting agreement with MPG's majority shareholder, an affiliate of American Securities LLC, to vote in favour of the said merger. Once the merger is completed, MPG will become a wholly-owned subsidiary of AAM. The merged entity will be headquartered in Detroit and David C. Dauch the current Chairman and CEO of AAM will continue to be the new Chairman and CEO. On finalization of the merger, the affiliate of American Securities LLC will own approximately 23% equity in the new entity. The new merged entity will operate four manufacturing business units - Driveline, (axles and drive shafts), Metal forming (gears, axle shafts, suspension components), Powertrain, (differential assemblies, valve bodies, etc.), Castings, (axle carriers and steering knuckles) with Driveline being the biggest sales contributor. Once the merger is final, the merged AAM–MPG entity is set to rule the powertrain, drivetrain, and driveline sector globally. With the merger, AAM will be able to diversify its global product portfolio to include highly-engineered lightweight components for the light, commercial, and industrial vehicle markets. The merged entity will be able to offer its expertise in complementary product, process, and systems technology and set new trends in both mechanical and alternative propulsion systems. AAM, which is largely dependent on General Motors for approximately 66% of its revenues, will be able to reduce its dependence on GM to 41% of its revenues as a result of the merger. The merged entity plans to further reduce this dependence to 32% by end of 2020. Furthermore, AAM–MPG plans to gain from MPG's client, Ford Motors, which accounts for 1% of revenues as of 2015, by increasing the revenue contribution to approximately 16% by 2020. AAM–MPG merged entity will create a financial behemoth in terms of size, scale, and enhanced cash flow generation. On completion, the merged entity is expected to generate around $7 billion in revenues, over $1.2 billion of EBITDA, and approximately $400 million in cash flows. The merged entity is expected to contribute accretive to cash flow and EPS within a year of the merger. The merged entity will also be able to save $100 million - $120 million annually in terms of run-rate cost synergies. MPG which has a strong free cash flow profile and profitability metrics will enable AAM to improve its operational profitability and increased cash flows, which will in turn help AAM to reduce its debt. AAM is targeting a Net Debt/ Adjusted EBITDA ratio of 2x by the end of 2019. In August 2016, AAM had announced the opening of its $30 million Advanced Technology Development Centre. The tech centre will focus on accelerated deployment of new technology, warranty analysis, competitive assessment, advanced machining, prototype development and supplier collaboration. How AAM plans to integrate MPG's engineering operations into the centre post-merger has not been disclosed. On Thursday, November 03, 2016, AAM's shares tumbled 17.64%, finishing the day at $13.68. A total volume of 8.36 million shares have exchanged hands by the end of the day, which was higher than the 3-month average volume of 1.01 million shares. Shares of the company have a PE ratio of 4.19 and currently have a market cap of $1.03 billion. Metaldyne Performance Group's stock skyrocketed 34.27%, closing yesterday's session at $19.20 on volume of 4.32 million shares. The company's shares are trading a PE ratio of 12.06 and have a dividend yield of 1.93%. The stock has a market cap of $1.29 billion at the end of Thursday's session. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / November 4, 2016 / Active Wall St. blog coverage looks at the headline from American Axle & Manufacturing Holdings Inc. (NYSE: AXL) ("AAM") as the company announced, in a historic deal within the auto components sector, that it has finalized a merger agreement with Metaldyne Performance Group Inc. (NYSE: MPG). The merger announced on November 03, 2016, will create a diversified global powerhouse for Powertrain, Drivetrain, and Driveline Solutions. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. Today, AWS is promoting its blog coverage on AXL and MPG. Get all of our free blog coverage and more by clicking on the link below: AAM is a leading designer and manufacturer of driveline systems, chassis systems, and forged products for trucks, SUVs, buses, and passenger cars with 13,000 employees and operations globally. Metaldyne Performance Group ("MPG") was the result of the merger of Grede Holdings LLC, HHI Group Holdings, and Metaldyne LLC in 2014. MPG's operations are spread over 60 locations in 13 countries with approximately 12,000 employees. AAM and MOG complement each other and the merger will add to their strengths. Commenting on the merger, David C. Dauch, Chairman and CEO of AAM said: "MPG's expertise in complex, highly-engineered powertrain components and its global footprint will be tremendous assets to AAM." As per agreed terms of the merger, AAM will pay MPG $1.6 billion in cash for all the outstanding shares and $1.7 billion towards clearing its debts. AAM plans to pay $13.50 in cash and 0.5 share of AAM for each MPG shares. On completion of the merger, AAM's stockholders will own approximately 70% of the merged entity and MPG's stockholders would own the remaining 30%. The deal is expected to close in the first half of 2017 subject to statutory approvals. AAM plans to use a combination of cash in hand and fresh debt to finance the merger. AAM has parallelly signed a voting agreement with MPG's majority shareholder, an affiliate of American Securities LLC, to vote in favour of the said merger. Once the merger is completed, MPG will become a wholly-owned subsidiary of AAM. The merged entity will be headquartered in Detroit and David C. Dauch the current Chairman and CEO of AAM will continue to be the new Chairman and CEO. On finalization of the merger, the affiliate of American Securities LLC will own approximately 23% equity in the new entity. The new merged entity will operate four manufacturing business units - Driveline, (axles and drive shafts), Metal forming (gears, axle shafts, suspension components), Powertrain, (differential assemblies, valve bodies, etc.), Castings, (axle carriers and steering knuckles) with Driveline being the biggest sales contributor. Once the merger is final, the merged AAM–MPG entity is set to rule the powertrain, drivetrain, and driveline sector globally. With the merger, AAM will be able to diversify its global product portfolio to include highly-engineered lightweight components for the light, commercial, and industrial vehicle markets. The merged entity will be able to offer its expertise in complementary product, process, and systems technology and set new trends in both mechanical and alternative propulsion systems. AAM, which is largely dependent on General Motors for approximately 66% of its revenues, will be able to reduce its dependence on GM to 41% of its revenues as a result of the merger. The merged entity plans to further reduce this dependence to 32% by end of 2020. Furthermore, AAM–MPG plans to gain from MPG's client, Ford Motors, which accounts for 1% of revenues as of 2015, by increasing the revenue contribution to approximately 16% by 2020. AAM–MPG merged entity will create a financial behemoth in terms of size, scale, and enhanced cash flow generation. On completion, the merged entity is expected to generate around $7 billion in revenues, over $1.2 billion of EBITDA, and approximately $400 million in cash flows. The merged entity is expected to contribute accretive to cash flow and EPS within a year of the merger. The merged entity will also be able to save $100 million - $120 million annually in terms of run-rate cost synergies. MPG which has a strong free cash flow profile and profitability metrics will enable AAM to improve its operational profitability and increased cash flows, which will in turn help AAM to reduce its debt. AAM is targeting a Net Debt/ Adjusted EBITDA ratio of 2x by the end of 2019. In August 2016, AAM had announced the opening of its $30 million Advanced Technology Development Centre. The tech centre will focus on accelerated deployment of new technology, warranty analysis, competitive assessment, advanced machining, prototype development and supplier collaboration. How AAM plans to integrate MPG's engineering operations into the centre post-merger has not been disclosed. On Thursday, November 03, 2016, AAM's shares tumbled 17.64%, finishing the day at $13.68. A total volume of 8.36 million shares have exchanged hands by the end of the day, which was higher than the 3-month average volume of 1.01 million shares. Shares of the company have a PE ratio of 4.19 and currently have a market cap of $1.03 billion. Metaldyne Performance Group's stock skyrocketed 34.27%, closing yesterday's session at $19.20 on volume of 4.32 million shares. The company's shares are trading a PE ratio of 12.06 and have a dividend yield of 1.93%. The stock has a market cap of $1.29 billion at the end of Thursday's session. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


Patent
Metaldyne LLC | Date: 2014-09-18

A clutch damper is configured to dampen unwanted noise and vibration within a clutch assembly. The clutch damper includes an inertia member and an elastomeric member positioned about the inertia member. The damper may be connected to a hub located on a shaft within the clutch assembly.

Loading Metaldyne LLC collaborators
Loading Metaldyne LLC collaborators