AAM has reported fourth quarter 2014 sales of US$939.5m, up around 13% on a year-over-year basis, while net income was US$13.2m.
Full-year sales were US$3.7bn, up around 15% on a year-over-year basis, while net income was US$143m.
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“2014 was a very successful year for AAM,” said AAM chairman, president and CEO, David Dauch. “AAM’s sales growth outpaced the industry in 2014 and our financial performance was highlighted by improved profitability and a positive inflection in cash flow generation.
“As we look to the future, we remain focused on delivering our plan to sustain strong free cash flow performance while leveraging AAM’s technology leadership to develop innovative, market driven products to achieve profitable growth and business diversification.”
