American Axle & Manufacturing (AAM) recently announced its first quarter 2011 financial results. Filing shows the company's first quarter sales of $ 646,000,000, an increase of 24%. Quarter, the company's gross profit was 1.15 billion U.S. dollars, accounting for 17.9% of sales, operating profit was $ 58,700,000, representing 9.1% of sales.

    According to earnings data, the company's first quarter net profit of $ 37,700,000, the figure with the same period in 2010 compared to $ 16,300,000, nearly doubled.

    The company's chairman and CEO and co-founder Richard Dodge (RichardDauch), said: "a good start the first quarter of 2011, our annual sales growth rate of 24%, setting a single company three years best quarter sales record. and in the rest of the year, we will focus on the timely release of new products ready, the company plans were from 2011 to 2013 during the launch of these new products. "