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American Axle and Manufacturing Holdings Inc  (AXL)
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AXL's Operating Income Growth by Quarter and Year

American Axle And Manufacturing Holdings Inc's Operating Income results by quarter and year




AXL Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - 28.80 53.60 32.40
III Quarter September - 23.90 62.30 46.30
II Quarter June - 57.80 57.70 66.40
I Quarter March 77.00 36.10 70.30 95.50
FY   77.00 146.60 243.90 240.60



AXL Operating Income first quarter 2024 Y/Y Growth Comment
American Axle and Manufacturing Holdings Inc achieved in the first quarter 2024, above Company average Operating Income surge of 113.3% year on year, to $ 77.00 millions.

Looking into first quarter 2024 results within Auto & Truck Parts industry 16 other companies have achieved higher Operating Income growth. While American Axle And Manufacturing Holdings Inc' s Operating Income doubling of 113.3% ranks overall at the positon no. 1046 in the first quarter 2024.

Explain Operating Income growth


AXL Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - -46.27 % 65.43 % -68.54 %
III Quarter September - -61.64 % 34.56 % -69.54 %
II Quarter June - 0.17 % -13.1 % -
I Quarter March 113.3 % -48.65 % -26.39 % -
FY   - -39.89 % 1.37 % -

Financial Statements
American Axle And Manufacturing Holdings Inc's first quarter 2024 Operating Income $ 77.00 millions AXL's Income Statement
American Axle And Manufacturing Holdings Inc's first quarter 2023 Operating Income $ 36.10 millions Quarterly AXL's Income Statement
New: More AXL's historic Operating Income Growth >>


AXL Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - 20.5 % -13.96 % -30.02 %
III Quarter September - -58.65 % 7.97 % -30.27 %
II Quarter June - 60.11 % -17.92 % -30.47 %
I Quarter March 167.36 % -32.65 % 116.98 % -7.28 %
FY (Year on Year)   - -39.89 % 1.37 % -




Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Auto & Truck Parts Industry #17
Consumer Discretionary Sector #49
Overall #1046

Operating Income Y/Y Growth Statistics
High Average Low
228.9 % -163.31 % -3465.6 %
(Sep 30 2016)   (Mar 31 2020)
Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Auto & Truck Parts Industry #17
Consumer Discretionary Sector #49
Overall #1046
Operating Income Y/Y Growth Statistics
High Average Low
228.9 % -163.31 % -3465.6 %
(Sep 30 2016)   (Mar 31 2020)

Operating Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

American Axle And Manufacturing Holdings Inc's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
167.36 % 7.77 % -58.65 %
(Mar 31 2024)  


AXL's I. Quarter Q/Q Operating Income Comment
American Axle and Manufacturing Holdings Inc achieved in the I. Quarter 2024 above company average sequential Operating Income doubling of 167.36%, to $ 77.00 millions, from $28.80 millions in the fourth quarter.
American Axle And Manufacturing Holdings Inc is undergoing a remarkable growth, not just recording better then normal increase, and additionally increasing pace, Ethan J. Reed, a business insider mentioned.

Within Auto & Truck Parts industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While American Axle And Manufacturing Holdings Inc's Operating Income growth quarter on quarter, overall rank is 111.


Operating Income Q/Q Growth Company Ranking
Within: No.
Auto & Truck Parts Industry #4
Consumer Discretionary Sector #7
Overall #111
Operating Income Q/Q Growth Company Ranking
Within: No.
Auto & Truck Parts Industry #4
Consumer Discretionary Sector #7
Overall #111
Operating Income Q/Q Growth Statistics
High Average Low
167.36 % 7.77 % -58.65 %
(Mar 31 2024)  


AXL's I. Quarter Q/Q Operating Income Comment
American Axle and Manufacturing Holdings Inc achieved in the I. Quarter 2024 above company average sequential Operating Income doubling of 167.36%, to $ 77.00 millions, from $28.80 millions in the fourth quarter.
American Axle And Manufacturing Holdings Inc is going from strength to strength, not just claiming higher then normal increase, and also increasing speed, Ethan J. Reed, a business insider mentioned.

Within Auto & Truck Parts industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While American Axle And Manufacturing Holdings Inc's Operating Income growth quarter on quarter, overall rank is 111.


American Axle And Manufacturing Holdings Inc's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Operating Income 12 Months Ending $ 187.50 $ 146.60 $ 171.40 $ 209.80 $ 209.70
Y / Y Operating Income Growth (TTM) -10.59 % -39.89 % -23.04 % 1.5 % -2.65 %
Year on Year Operating Income Growth Overall Ranking # 849 # 830 # 1488 # 1648 # 237
Seqeuential Operating Income Change (TTM) 27.9 % -14.47 % -18.3 % 0.05 % -14.02 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1046 # 661 # 974 # 1110 # 1326




Cumulative Operating Income growth Comment
American Axle And Manufacturing Holdings Inc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Dec 31 2023. If the fiscal year would end in Mar 31 2024, American Axle And Manufacturing Holdings Inc's annual Operating Income fall would be -10.59% year on year to $188 millions.

In the Consumer Discretionary sector 35 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 830 to 849.

Operating Income TTM Q/Q Growth Statistics
High Average Low
228.9 %
-163.31 %
-3465.6 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Auto & Truck Parts Industry # 17
Consumer Discretionary Sector # 36
Overall # 849

Operating Income TTM Y/Y Growth Statistics
High Average Low
228.9 %
-163.31 %
-3465.6 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 17
Sector # 49
S&P 500 # 1046
Cumulative Operating Income growth Comment
American Axle And Manufacturing Holdings Inc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Dec 31 2023. If the fiscal year would end in Mar 31 2024, American Axle And Manufacturing Holdings Inc's annual Operating Income drop would be -10.59% year on year to $188 millions.

In the Consumer Discretionary sector 35 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 830 to 849.

Operating Income TTM Q/Q Growth Statistics
High Average Low
228.9 %
-163.31 %
-3465.6 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Auto & Truck Parts Industry # 17
Consumer Discretionary Sector # 36
Overall # 849

Operating Income TTM Y/Y Growth Statistics
High Average Low
228.9 %
-163.31 %
-3465.6 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 17
Sector # 49
S&P 500 # 1046




Other Operating Income Growth
Auto & Truck Parts Industry Operating Income Growth Trends and Statistics
Consumer Discretionary Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
AXL's Operating Income Growth Ratio versus Auto & Truck Parts Industry, Consumer Discretionary Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for AXL's Competitors
Operating Income Growth for American Axle And Manufacturing Holdings Inc's Suppliers
Operating Income Growth for AXL's Customers

You may also want to know
AXL's Annual Growth Rates AXL's Profitability Ratios AXL's Asset Turnover Ratio AXL's Dividend Growth
AXL's Roe AXL's Valuation Ratios AXL's Financial Strength Ratios AXL's Dividend Payout Ratio
AXL's Roa AXL's Inventory Turnover Ratio AXL's Growth Rates AXL's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Mar 31 2024 within Consumer Discretionary SectorY/Y Change %Operating Income for the quarter ending Mar 31 2024
Lci Industries187.44%$ 187.437 millions
American Axle and Manufacturing Holdings Inc113.30%$ 113.296 millions
Rocky Brands Inc 92.13%$ 92.130 millions
Superior Group Of Companies Inc 81.48%$ 81.479 millions




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