American Axle (AXL) Tops Q1 EPS by 11c

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Go back to American Axle (AXL) Tops Q1 EPS by 11c

AAM Reports First Quarter 2017 Financial Results

May 5, 2017 8:00 AM EDT

DETROIT, May 5, 2017 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the first quarter of 2017. In addition, AAM provided an updated 2017 financial outlook and 2017 - 2019 new and incremental business backlog to reflect the inclusion of recent acquisition activity.

First Quarter 2017 Results

First quarter sales of $1.05 billion Gross profit of $210.7 million, or 20.1% of sales Net income of $78.4 million, or 7.5% of sales Diluted earnings per share of... More