Published on 3 May 2024 on GuruFocus.com via Yahoo Finance
American Axle & Mfg Holdings Inc (AXL) Surpasses Q1 Earnings and Revenue Expectations
Revenue: Reported $1.61 billion, up from $1.49 billion in the previous year, surpassing estimates of $1.524 billion.Net Income: Achieved $20.5 million, significantly exceeding the estimated $21.6 million.Earnings Per Share (EPS): Recorded at $0.17, surpassing the estimated $0.12.Adjusted EBITDA: Reached $205.6 million, or 12.8% of sales, compared to $175.4 million, or 11.7% of sales in the prior year.Free Cash Flow: Reported adjusted free cash flow usage of $(21.4) million, compared to $(17.1) million in the previous year.Operating Cash Flow: Net cash provided by operating activities was $17.8 million, down from $32.1 million in the prior year.
Warning! GuruFocus has detected 5 Warning Signs with AXL.
