American Axle (AXL) Tops Q3 EPS by 11c
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AAM Reports Third Quarter 2015 Financial Results
October 30, 2015 8:00 AM EDTDETROIT, Oct. 30, 2015 /PRNewswire/ --Â American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today reported its financial results for the third quarter 2015.
Third Quarter 2015 Results
Third quarter 2015 sales of $971.6 million, up 2.2% on a year-over-year basis Non-GM sales grew 8.4% on a year-over-year basis to $321.6 million Gross profit of $158.3 million, or 16.3% of sales Operating income of $92.8 million, or 9.5% of sales Net income of $60.9 million, or $0.78 per share EBITDA (earnings before interest, taxes, depreciation and amortization) of $149.2 million, or 15.4% of... More