American Axle (AXL) Misses Q3 EPS by 27c, Revenue Beats, Offers Guidance
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AAM Reports Third Quarter 2018 Financial Results
November 2, 2018 8:00 AM EDTDETROIT, Nov. 2, 2018 /PRNewswire/ --Â American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the third quarter 2018 and updated AAM's full year 2018 financial outlook and other forward-looking information.
Third Quarter 2018 Results
Sales of $1.82 billion Net income attributable to AAM of $63.8 million, or 3.5% of sales Diluted earnings per share of $0.55 Adjusted earnings per share of $0.63 Adjusted EBITDA of $275.0 million, or 15.1% of sales Net cash provided by operating activities of $223.8 million Adjusted free cash flow of $121.3... More