AAM Reports First Quarter 2024 Financial Results [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
First Quarter 2024 Results Sales of $1.61 billion Net income of $20.5 million , or 1.3% of sales Adjusted EBITDA of $205.6 million , or 12.8% of sales Diluted earnings per share of ; Adjusted earnings per share of Net cash provided by operating activities of $17.8 million ; Adjusted free cash flow use of $(21.4) million "AAM is off to a good start in 2024, posting solid first quarter financial performance driven by better-than-expected volume and mix and sequential improvement in AAM's overall performance. With just one quarter completed, we are keeping our outlook unchanged for now, but these results certainly give us added confidence in our full-year guidance." said AAM's Chairman and Chief Executive Officer, David C. Dauch . "Longer term, as the industry reassesses propulsion solutions, AAM will continue to develop a strong and agnostic product portfolio for both our Driveline and Metal Forming businesses to support the industry's powertrain needs." AAM's sales in th
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