American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today reported its financial results for the second quarter of 2011.
Second Quarter 2011 Results
- Second quarter 2011 sales of $686.2 million, up 23% from the second quarter of 2010
- Non-GM sales in the quarter grew approximately 35% on a year-over-year basis to $182.7 million
- Gross profit of $130.5 million, or 19.0% of sales
- Operating income of $71.7 million, or 10.4% of sales
- Net income of $49.2 million, or $0.65 per share
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Second Quarter 2011 Results
- Second quarter 2011 sales of $686.2 million, up 23% from the second quarter of 2010
- Non-GM sales in the quarter grew approximately 35% on a year-over-year basis to $182.7 million
- Gross profit of $130.5 million, or 19.0% of sales
- Operating income of $71.7 million, or 10.4% of sales
- Net income of $49.2 million, or $0.65 per share
- EBITDA (earnings before interest, taxes, depreciation and amortization) ks a343.0 omfoepm, gl 09.0% iy nhgsw
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