AAM Reports Second Quarter 2020 Financial Results

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Go back to AAM Reports Second Quarter 2020 Financial Results

American Axle (AXL) Tops Q2 EPS by 20c, Revenues Beat

July 31, 2020 8:02 AM EDT

American Axle (NYSE: AXL) reported Q2 EPS of ($1.79), $0.20 better than the analyst estimate of ($1.99). Revenue for the quarter came in at $515.3 million versus the consensus estimate of $440.05 million.

Second Quarter 2020 Results

Sales of $515.3 millionNet loss attributable to AAM of $(213.2) million, or (41.4)% of salesAdjusted EBITDA of $(52.1) million, or (10.1)% of... More