AAM Reports Fourth Quarter and Full Year 2023 Financial Results
AXLAmerican Axle & Manufacturing (AXL) Prnewswire·2024-02-16 21:00

AAM Delivers Sequential Margin Improvement DETROIT, Feb. 16, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2023. Fourth Quarter 2023 Results Sales of 1.46billionNetlossof1.46 billion Net loss of (19.1) million, or (1.3)% of sales Adjusted EBITDA of 169.5million,or11.6169.5 million, or 11.6% of sales Diluted loss per share of (0.16); Adjusted loss per share of (0.09)Netcashprovidedbyoperatingactivitiesof(0.09) Net cash provided by operating activities of 52.9 million; Adju ...