American Axle reports Q2 adjusted EPS 21c, consensus 14c

Reports Q2 revenue $1.54B, consensus $1.57B. “AAM posted year-over-year Adjusted EBITDA margin growth in the second quarter driven by productivity and cost controls,” said AAM’s Chairman and Chief Executive Officer, David C. Dauch. “In addition, we are very excited about our upcoming combination with Dowlais as we passed a critical milestone with the approval from both sets of shareholders. This brings us one step closer in forming a premier global driveline and metal forming auto supplier with significant size, scale, and robust value creation potential.”