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American Axle & Manufacturing Posts Q1 Earnings Beat As Volume Picks Up
American Axle & Manufacturing Holdings Inc (NYSE:AXL) reported first-quarter FY24 sales growth of 7.7% year-on-year to $1.61 billion, beating the analyst consensus estimate of $1.525 billion.
Sales for the first quarter were favorably impacted by volume and mix.
Adjusted EPS of $0.18 beat the analyst consensus of $0.02.
Gross profit rose 23.6% Y/Y to $198.5 million, with the margin expanding 170 ...