Value Microcaps Motherboard

[researcher59]

AXL (10.38) reports EPS of $0.55 excluding charges, well ahead of estimates - new business backlog up sharply -

per briefing.com -

Reports Q2 (Jun) earnings of $0.55 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of $0.48; revenues rose 7.8% year/year to $739.8 mln vs the $708.08 mln consensus.

AAM's three-year backlog of new business launching from 2012 through 2014 has grown to $1.2 billion in future annual sales. The growth in new business backlog reflects the impact of expanded awards from multiple global vehicle manufacturers for programs in North America and the growth markets of Brazil and Thailand.