American Axle & Manufacturing Holdings Earnings: Everything You Must Know Now

American Axle & Manufacturing Holdings Inc. (NYSE:AXL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

American Axle & Manufacturing Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 38.18% to $0.34 in the quarter versus EPS of $0.55 in the year-earlier quarter.

Revenue: Rose 8.08% to $799.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: American Axle & Manufacturing Holdings Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company beat the mean analyst estimate of $0.30. It missed the average revenue estimate of $811.7 million.

Quoting Management: “AAM is pleased to report solid sequential sales growth and improved profitability in the second quarter of 2013,” said AAM`s President and Chief Executive Officer, David C. Dauch. “AAM is benefiting from a strong recovery in the North American light truck market, as well as the launch of many new products designed to help our global customer base increase fuel efficiency, reduce emissions and improve safety, ride and handling performance. The combination of these factors and the continued progress in our operational efficiency position us to continue improving AAM`s financial performance in the second half of 2013.”

Key Stats (on next page)…

Revenue increased 5.82% from $755.6 million in the previous quarter. EPS increased 47.83% from $0.23 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.57 to a profit $0.58. For the current year, the average estimate has moved up from a profit of $1.69 to a profit of $1.76 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)