American Axle & Manufacturing Q1 Profit Rises - Quick Facts

(RTTNews) - American Axle & Manufacturing Holdings, Inc. (AXL) reported first-quarter net income of $53.2 million, or $0.68 per share as compared to $33.6 million, or $0.44 per share, in the first quarter of 2014.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.57 for the quarter. Analysts' estimates typically exclude special items.

Sales increased approximately 12.8% to $969.1 million as compared to $858.8 million in the first quarter of 2014. Analysts expected revenue of $961.68 million for the quarter. Non-GM sales grew 14.3% on a year-over-year basis to $328.9 million in the first quarter of 2015 as compared to $287.8 million in the first quarter of 2014.