American Axle & Manufacturing Holdings (NYSE:AXL) Third Quarter 2022 Results
Key Financial Results
Revenue: US$1.54b (up 27% from 3Q 2021).
Net income: US$25.4m (up from US$2.40m loss in 3Q 2021).
Profit margin: 1.7% (up from net loss in 3Q 2021).
EPS: US$0.22 (up from US$0.021 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
American Axle & Manufacturing Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto Components industry in the US.
The company's shares are down 4.0% from a week ago.
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with American Axle & Manufacturing Holdings (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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