American Axle (AXL) Tops Q1 EPS by 11c

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Go back to American Axle (AXL) Tops Q1 EPS by 11c

AAM Reports First Quarter 2015 Financial Results

May 1, 2015 8:00 AM EDT

DETROIT, May 1, 2015 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today reported its financial results for the first quarter of 2015.

First Quarter 2015 Results

First quarter 2015 sales of $969.1 million, up approximately 12.8% on a year-over-year basis Non-GM sales grew over 14% on a year-over-year basis to $328.9 million Gross profit of $152.8 million, or 15.8% of sales Net income of $53.2 million, or $0.68 per share EBITDA (earnings before interest, taxes, depreciation and amortization) of $137.5 million, or 14.2% of sales

AAM's net income in... More