American Axle (AXL) Tops Q2 EPS by 9c

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AAM Reports Second Quarter 2016 Financial Results

July 29, 2016 8:00 AM EDT

DETROIT, July 29, 2016 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the second quarter of 2016 and updated its full year 2016 outlook.

Second Quarter 2016 Results

Sales of $1.025 billion Gross profit of $191.4 million, or 18.7% of sales Net income of $71.0 million, or $0.90 per share Adjusted EBITDA (earnings before interest expense,... More