AAM Reports Third Quarter 2024 Financial Results
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American Axle & Manufacturing Holdings, Inc. (AAM) reported positive financial results for Q3 2024, with sales of $1.50 billion and a net income of $10 million. The company achieved an adjusted EBITDA of $174.4 million and adjusted earnings per share of $0.20.
November 08, 2024 | 1:15 pm
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American Axle & Manufacturing Holdings, Inc. (AAM) reported strong Q3 2024 financial results, with significant year-over-year improvements. The company achieved $1.50 billion in sales, $10 million in net income, and an adjusted EBITDA of $174.4 million.
The positive financial results, including increased sales and net income, suggest a strong performance by AAM, likely boosting investor confidence and potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100