AMERICAN AXLE & MANUFACTURING HOLDINGS INC

For the period ended Sep 30, 2024. Filed Nov 8, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 8, 2024

DCH$4.45-3.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

Three Months Ended · Nine Months Ended
	September 30,		September 30,
	2024	2023	2024	2023
(in millions, except per share data)
Net sales	$1,504.9	$1,551.9	$4,744.1	$4,616.5
Cost of goods sold	1,333.6	1,421.3	4,157.0	4,147.1
Gross profit	171.3	130.6	587.1	469.4
Selling, general and administrative expenses	94.6	81.8	298.1	271.2
Amortization of intangible assets	20.8	21.4	62.1	64.2
Impairment charge (Note 2)	12.0	—	12.0	—
Restructuring and acquisition-related costs	2.2	3.5	9.7	16.2
Operating income	41.7	23.9	205.2	117.8
Interest expense	(45.2)	(50.8)	(142.1)	(151.5)
Interest income	7.1	7.1	21.5	18.9
Other income (expense)
Debt refinancing and redemption costs	(0.2)	(0.3)	(0.5)	(0.3)
Loss on equity securities	—	(1.2)	(0.1)	(1.2)
Other income (expense), net	(5.5)	1.9	(14.3)	5.1
Income (loss) before income taxes	(2.1)	(19.4)	69.7	(11.2)
Income tax expense (benefit)	(12.1)	(2.0)	21.0	3.3
Net income (loss)	$10.0	$(17.4)	$48.7	$(14.5)
Basic earnings (loss) per share	$0.08	$(0.15)	$0.40	$(0.12)
Diluted earnings (loss) per share	$0.08	$(0.15)	$0.40	$(0.12)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.