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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 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 28.80 53.60 32.40 103.00
III Quarter September 23.90 62.30 46.30 152.00
II Quarter June 57.80 57.70 66.40 -205.60
I Quarter March 36.10 70.30 95.50 -445.40
FY   146.60 243.90 240.60 -396.00



AXL Operating Income fourth quarter 2023 Y/Y Growth Comment
American Axle And Manufacturing Holdings Inc reported drop in Operating Income in the fourth quarter 2023 by -46.27% to $ 28.80 millions, from the same quarter in 2022.
Despite modest results in the fourth quarter 2023, contraction in American Axle And Manufacturing Holdings Inc's Operating Income appears to be smaller than Company's recent average decline.

Looking into fourth quarter 2023 results within Auto & Truck Parts industry 13 other companies have achieved higher Operating Income growth. While American Axle And Manufacturing Holdings Inc' s Operating Income meltdown of -46.27% ranks overall at the positon no. 661 in the fourth quarter 2023.

Explain Operating Income growth


AXL Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
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 -48.65 % -26.39 % - -
FY   -39.89 % 1.37 % - -

Financial Statements
American Axle And Manufacturing Holdings Inc's fourth quarter 2023 Operating Income $ 28.80 millions AXL's Income Statement
American Axle And Manufacturing Holdings Inc's fourth quarter 2022 Operating Income $ 53.60 millions Quarterly AXL's Income Statement
New: More AXL's historic Operating Income Growth >>


AXL Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 20.5 % -13.96 % -30.02 % -32.24 %
III Quarter September -58.65 % 7.97 % -30.27 % -
II Quarter June 60.11 % -17.92 % -30.47 % -
I Quarter March -32.65 % 116.98 % -7.28 % -
FY (Year on Year)   -39.89 % 1.37 % - -




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Auto & Truck Parts Industry #14
Consumer Discretionary Sector #26
Overall #661

Operating Income Y/Y Growth Statistics
High Average Low
228.9 % -169.95 % -3465.6 %
(Sep 30 2016)   (Mar 31 2020)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Auto & Truck Parts Industry #14
Consumer Discretionary Sector #26
Overall #661
Operating Income Y/Y Growth Statistics
High Average Low
228.9 % -169.95 % -3465.6 %
(Sep 30 2016)   (Mar 31 2020)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

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


Operating Income Q/Q Growth Statistics
High Average Low
116.98 % 2.07 % -58.65 %
(Mar 31 2022)  


AXL's IV. Quarter Q/Q Operating Income Comment
American Axle and Manufacturing Holdings Inc achieved in the IV. Quarter 2023 above company average sequential Operating Income jump of 20.5%, to $ 28.80 millions, from $23.90 millions in the third quarter.
AXL is impressively improving, not just recording higher then normal increase, and additionally improving speed, Emelie Jonsson, an industry researcher based in Stockholm said.

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 414.


Operating Income Q/Q Growth Company Ranking
Within: No.
Auto & Truck Parts Industry #4
Consumer Discretionary Sector #14
Overall #414
Operating Income Q/Q Growth Company Ranking
Within: No.
Auto & Truck Parts Industry #4
Consumer Discretionary Sector #14
Overall #414
Operating Income Q/Q Growth Statistics
High Average Low
116.98 % 2.07 % -58.65 %
(Mar 31 2022)  


AXL's IV. Quarter Q/Q Operating Income Comment
American Axle and Manufacturing Holdings Inc achieved in the IV. Quarter 2023 above company average sequential Operating Income jump of 20.5%, to $ 28.80 millions, from $23.90 millions in the third quarter.
Auto & Truck Parts company is undergoing a remarkable growth, not only reporting better then normal growth, but also accelerating pace.

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 414.


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


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 146.60 $ 171.40 $ 209.80 $ 209.70 $ 243.90
Y / Y Operating Income Growth (TTM) -39.89 % -23.04 % 1.5 % -2.65 % 1.37 %
Year on Year Operating Income Growth Overall Ranking # 830 # 1488 # 1648 # 237 # 346
Seqeuential Operating Income Change (TTM) -14.47 % -18.3 % 0.05 % -14.02 % 9.52 %
Seq. Operating Income Growth (TTM) Overall Ranking # 661 # 974 # 1110 # 1326 # 1365




Cumulative Operating Income growth Comment
American Axle And Manufacturing Holdings Inc's cumulative 12 months Operating Income continue to drop, but on the faster rate at -39.89% year on year, at Dec 31 2023 compare to the -23.04% decrease at Sep 30 2023. If the American Axle And Manufacturing Holdings Inc's fiscal year would end at Dec 31 2023, annual Operating Income would be $147 millions.

Within the Consumer Discretionary sector 30 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 830, from total ranking in previous quarter at 1488.

Operating Income TTM Q/Q Growth Statistics
High Average Low
228.9 %
-169.95 %
-3465.6 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Auto & Truck Parts Industry # 14
Consumer Discretionary Sector # 31
Overall # 830

Operating Income TTM Y/Y Growth Statistics
High Average Low
228.9 %
-169.95 %
-3465.6 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 14
Sector # 26
S&P 500 # 661
Cumulative Operating Income growth Comment
American Axle And Manufacturing Holdings Inc's cumulative 12 months Operating Income continue to drop, but on the faster rate at -39.89% year on year, at Dec 31 2023 compare to the -23.04% decrease at Sep 30 2023. If the American Axle And Manufacturing Holdings Inc's fiscal year would end at Dec 31 2023, annual Operating Income would be $147 millions.

Within the Consumer Discretionary sector 30 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 830, from total ranking in previous quarter at 1488.

Operating Income TTM Q/Q Growth Statistics
High Average Low
228.9 %
-169.95 %
-3465.6 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Auto & Truck Parts Industry # 14
Consumer Discretionary Sector # 31
Overall # 830

Operating Income TTM Y/Y Growth Statistics
High Average Low
228.9 %
-169.95 %
-3465.6 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 14
Sector # 26
S&P 500 # 661




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 Dec 31 2023 within Consumer Discretionary SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Crocs inc -4.79%$ -4.789 millions
Graybar Electric Company Inc -7.26%$ -7.259 millions
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Power Solutions International Inc -11.31%$ -11.311 millions
Lsi Industries Inc -13.49%$ -13.487 millions
Canada Goose Holdings Inc -13.53%$ -13.529 millions
Patrick Industries Inc -15.25%$ -15.247 millions
Tempur Sealy International Inc -17.13%$ -17.131 millions
Aptiv Plc-19.32%$ -19.318 millions
Weyco Group inc -23.62%$ -23.616 millions
Under Armour Inc -26.56%$ -26.557 millions
Columbia Sportswear Company-27.24%$ -27.239 millions
Standard Motor Products Inc -36.69%$ -36.692 millions
Arrow Electronics Inc -39.40%$ -39.403 millions
Ethan Allen Interiors Inc -41.49%$ -41.493 millions
Brunswick Corporation-43.48%$ -43.476 millions
American Axle and Manufacturing Holdings Inc-46.27%$ -46.269 millions
Tesla Inc -47.09%$ -47.090 millions
Capri Holdings Ltd-48.31%$ -48.305 millions
Icahn Enterprises l p -50.95%$ -50.947 millions
Borgwarner Inc -54.29%$ -54.294 millions
Wesco International Inc -62.56%$ -62.556 millions
General Motors Company-64.84%$ -64.841 millions
Jerash Holdings us Inc -71.67%$ -71.673 millions
Universal Security Instruments Inc-72.79%$ -72.794 millions
Emerson Electric Co -74.26%$ -74.255 millions
Fox Factory Holding Corp -80.16%$ -80.157 millions




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