American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) reported a fourth-quarter adjusted loss per share of $(0.09), while the street estimated a wider loss of $(0.19).
Quarterly sales of $1.46 billion beat the $1.42 billion estimate. Revenues rose 5% year over year.
Sales for the fourth quarter of 2023 were favorably impacted by volume and mix, partially offset by the UAW work stoppage, the company said in a press release.
Fourth quarter adjusted EBITDA …