American Axle (AXL) Tops Q4 EPS by 13c
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AAM Reports Fourth Quarter and Full Year 2015 Financial Results
February 12, 2016 8:00 AM ESTDETROIT, Feb. 12, 2016 /PRNewswire/ --Â American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today reported its financial results for the fourth quarter and full year 2015.
Fourth Quarter 2015 Results
Fourth quarter 2015 sales of $958.4 million Non-GM sales of $323.5 million Gross profit of $159.8 million, or 16.7% of sales Net income of $62.9 million, or $0.81 per share Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, excluding the impact of $0.8 million of debt refinancing and redemption costs) of $137.5 million, or 14.3% of sales Free... More