American Axle & Manufacturing Q2 Profit Climbs - Quick Facts

(RTTNews) - American Axle & Manufacturing Holdings Inc. (AXL)'s net income for the second quarter of 2013 was $25.8 million, or $0.34 per share, up from $4.7 million or $0.06 per share in the second quarter of 2012.

In the second quarter of 2012, the company's results reflected the impact of special charges and restructuring costs of $36.5 million or $0.49 per share, related to the closure of Detroit Manufacturing Complex and Cheektowaga Manufacturing Facility.

Net sales in the second quarter increased approximately 8.1% to $799.6 million from $739.8 million in the second quarter of 2012. Non-GM sales were up 12.9% to $223.8 million in the second quarter of 2013 as compared to $198.2 million in the second quarter of 2012.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.30 per share and revenues of $811.70 million for the quarter. Analysts' estimates typically exclude special items.