AMERICAN AXLE & MANUFACTURING HOLDINGS INC
For the period ended Jun 30, 2024. Filed Aug 9, 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.
Jun 30, 2024 · Filed Aug 9, 2024
DCH$4.45-3.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| (in millions, except per share data) | ||||
| Net sales | $1,632.3 | $1,570.7 | $3,239.2 | $3,064.6 |
| Cost of goods sold | 1,415.0 | 1,392.5 | 2,823.4 | 2,725.8 |
| Gross profit | 217.3 | 178.2 | 415.8 | 338.8 |
| Selling, general and administrative expenses | 105.2 | 91.1 | 203.5 | 189.4 |
| Amortization of intangible assets | 20.6 | 21.4 | 41.3 | 42.8 |
| Restructuring and acquisition-related costs | 5.0 | 7.9 | 7.5 | 12.7 |
| Operating income | 86.5 | 57.8 | 163.5 | 93.9 |
| Interest expense | (47.9) | (50.2) | (96.9) | (100.7) |
| Interest income | 6.1 | 5.9 | 14.4 | 11.8 |
| Other income (expense) | ||||
| Debt refinancing and redemption costs | (0.3) | — | (0.3) | — |
| Gain (loss) on equity securities | (0.2) | 0.3 | (0.1) | — |
| Other income (expense), net | (8.8) | (0.5) | (8.8) | 3.2 |
| Income before income taxes | 35.4 | 13.3 | 71.8 | 8.2 |
| Income tax expense | 17.2 | 5.3 | 33.1 | 5.3 |
| Net income | $18.2 | $8.0 | $38.7 | $2.9 |
| Basic earnings per share | $0.15 | $0.07 | $0.32 | $0.02 |
| Diluted earnings per share | $0.15 | $0.07 | $0.32 | $0.02 |
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