American Axle (AXL) Tops Q4 EPS by 10c, Confirms FY Outlook

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AAM Reports Fourth Quarter and Full Year 2016 Financial Results

February 10, 2017 8:00 AM EST

DETROIT, Feb. 10, 2017 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2016 and confirmed AAM's full year 2017 outlook.

Fourth Quarter 2016 Results

Fourth quarter 2016 sales of $946.5 million Gross profit of $176.1 million, or 18.6% of sales Net income of $46.9 million, or 5.0% of sales Diluted earnings per share of $0.59 Net cash provided by operating activities of $116.6 million Adjusted EBITDA of $148.2 million, or... More