AAM Reports Third Quarter 2020 Financial Results

American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the third quarter of 2020 and updated its full year 2020 financial outlook.


Third Quarter 2020 Results


  • Sales of $1.41 billion
  • Net income attributable to AAM of $117.2 million, or 8.3% of sales
  • Adjusted EBITDA of $297.1 million, or 21.0% of sales
  • Diluted earnings per share of $0.99; Adjusted earnings per share of $1.15
  • Net cash provided by operating activities of $249.5 million; Adjusted free cash flow of $217.2 million


To read more, click on: aam-q3-2020-press-release




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