American Axle & Manufacturing (AXL) - 2024 Q2 - Quarterly Results

EXHIBIT 99.1 IMMEDIATE RELEASE AAM Reports Second Quarter 2024 Financial Results AAM Delivers Another Solid Quarter DETROIT, August 9, 2024 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the second quarter 2024. Second Quarter 2024 Results • Sales of $1.63 billion • Net income of$ 18.2 million, or 1.1% of sales • Adjusted EBITDA of $208.4 million, or 12.8% of sales • Diluted earnings per share of$ 0.15; Adjusted earnings per share of $0.19 • Net c ...