American Axle & Manufacturing Holdings, Inc. (AXL) Tops Q1 EPS by 4c

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) reported Q1 EPS of $0.44, $0.04 better than the analyst estimate of $0.40. Revenue for the quarter came in at $858.8 million versus the consensus estimate of $853 million.

“AAM's financial results in the first quarter of 2014 reflect strong sales growth that continues to outpace the industry,” said AAM’s Chairman, President and Chief Executive Officer, David C. Dauch. “AAM's top priority in 2014 is to flawlessly launch our new business backlog which will drive higher profitability, improve free cash flow generation and enhance business diversification for our fast-growing company. We remain committed to delivering world-class quality products, maintaining operational excellence at every one of our 35 global facilities and demonstrating technology leadership by continuing to develop innovative driveline solutions for the global automotive market.”

For earnings history and earnings-related data on American Axle & Manufacturing Holdings, Inc. (AXL) click here.

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