AMERICAN AXLE & MANUFACTURING HOLDINGS INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
DCH$4.45-3.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| (in millions, except per share data) | ||
| Net sales | $1,606.9 | $1,493.9 |
| Cost of goods sold | 1,408.4 | 1,333.3 |
| Gross profit | 198.5 | 160.6 |
| Selling, general and administrative expenses | 98.3 | 98.3 |
| Amortization of intangible assets | 20.7 | 21.4 |
| Restructuring and acquisition-related costs | 2.5 | 4.8 |
| Operating income | 77.0 | 36.1 |
| Interest expense | (49.0) | (50.5) |
| Interest income | 8.3 | 5.9 |
| Other income (expense) | ||
| Unrealized gain (loss) on equity securities | 0.1 | (0.3) |
| Other income (expense), net | — | 3.7 |
| Income (loss) before income taxes | 36.4 | (5.1) |
| Income tax expense | 15.9 | — |
| Net income (loss) | $20.5 | $(5.1) |
| Basic earnings (loss) per share | $0.17 | $(0.04) |
| Diluted earnings (loss) per share | $0.17 | $(0.04) |
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