Company Overview - American Axle & Manufacturing Holdings operates as an automotive and mobility supplier, focusing on driveline and metal forming technologies for internal combustion, electric, and hybrid vehicles [2] Financial Performance - For the first nine months of 2023, the company reported sales of $4.62 billion, a 4.7% increase from $4.41 billion in the same period of 2022, largely driven by the acquisition of Tekfor, which contributed $178 million to the sales increase [3] - Net profits turned from $50.4 million in the first nine months of 2022 to a loss of $14.5 million in the same period of 2023, with EBITDA decreasing from $589.6 million to $520.8 million [4][5] - The company expects total revenue for 2023 to be between $6 billion and $6.1 billion, up from $5.80 billion in 2022, but anticipates EBITDA to decline to between $660 million and $685 million from $747.3 million in 2022 [5] Debt and Leverage - The company has a net debt of $2.24 billion, significantly higher than its market capitalization of $938.8 million, resulting in a net leverage ratio of 3.34 based on midpoint EBITDA guidance for 2023 [6] - There are no significant debt repayments due until the 2026 fiscal year, with a larger amount of debt maturing in 2027 [6] Market Position and Future Outlook - Management aims to capture over 10% of the electric vehicle market by 2030, investing in parts specifically for electric vehicles and has received awards for its eDrive platform [7] - The company's shares are currently trading at a price to adjusted operating cash flow multiple of 2.3 and an EV to EBITDA multiple of 4.7, making it cheaper than several comparable firms [8][9] Investment Perspective - Despite the risks associated with elevated leverage and recent financial performance, American Axle & Manufacturing Holdings presents attractive investment prospects, with potential for stock price recovery as long as no significant negative developments arise [10]

Immersive exhibit highlights AAM's continued commitment to supporting OEM's move toward electrification DETROIT, Jan. 9, 2024 /PRNewswire/ -- American Axle & Manufacturing (AAM) (NYSE: AXL) is at the forefront of helping the world's largest automakers transition to electric vehicles by creating the industry's most innovative driveline technologies for passenger cars and trucks. At CES 2024, AAM will showcase its award-winning, next-generation 3-in-1 electric drive units (eDUs), fully integrated e-Beam axles ...

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants David Lim - Head of Investor Relations David Dauch - Chairman and Chief Executive Officer Christopher May - Executive Vice President and Chief Financial Officer Conference Call Participants Ryan Brinkman - JPMorgan Chase & Co. James Picariello - BNP Paribas Exane. Douglas Karson - Bank of America Merrill Lynch Tom Narayan - RBC Capital Markets Joseph Spak - UBS Dan Levy ...

[Forward-Looking Statements](index=3&type=section&id=FORWARD-LOOKING%20STATEMENTS) This section contains standard cautionary language regarding forward-looking statements, which are subject to various risks and uncertainties that could cause actual results to differ from expectations - This section outlines important factors that could cause actual results to differ from expectations, including global economic conditions (inflation, recession) and changes in technology[7](index=7&type=chunk)[8](index=8&type=chunk) - Key risk factors highlighted include reduced purchases from major customers like **GM**, **Stellantis**, and **Ford**, and reduced demand for light trucks and SUVs[9](index=9&type=chunk) [Part I: Financial Information](index=4&type=section&id=Part%20I%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the period ended September 30, 2023, including statements of operations, comprehensive income, balance sheets, cash flows, and stockholders' equity, along with detailed explanatory notes [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company reported a net loss of **$17.4 million** for Q3 2023, a significant downturn from the **$26.5 million** net income in Q3 2022, driven by higher cost of goods sold and increased interest expenses Condensed Consolidated Statements of Operations (in millions) | Metric | Three Months Ended Sep 30, 2023 | Three Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $1,551.9 | $1,535.2 | $4,616.5 | $4,409.7 | | **Gross profit** | $130.6 | $177.4 | $469.4 | $537.7 | | **Operating income** | $23.9 | $62.3 | $117.8 | $190.3 | | **Net income (loss)** | $(17.4) | $26.5 | $(14.5) | $50.4 | | **Diluted EPS** | $(0.15) | $0.22 | $(0.12) | $0.42 | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of September 30, 2023, total assets were **$5.475 billion**, nearly flat compared to year-end 2022, with cash and cash equivalents increasing to **$615.6 million** Key Balance Sheet Items (in millions) | Metric | September 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $615.6 | $511.5 | | **Total current assets** | $2,139.2 | $1,993.4 | | **Total assets** | $5,475.0 | $5,469.4 | | **Long-term debt, net** | $2,833.9 | $2,845.1 | | **Total liabilities** | $4,861.3 | $4,842.1 | | **Total stockholders' equity** | $613.7 | $627.3 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2023, net cash provided by operating activities increased to **$343.2 million**, while net cash used in investing and financing activities decreased, resulting in a **$104.1 million** increase in cash and cash equivalents Cash Flow Summary (Nine Months Ended Sep 30, in millions) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $343.2 | $300.4 | | **Net cash used in investing activities** | $(126.7) | $(197.4) | | **Net cash used in financing activities** | $(108.2) | $(147.8) | | **Net increase (decrease) in cash** | $104.1 | $(57.9) | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed explanations of the financial statements, covering key accounting policies and specific events, including restructuring costs, a **$13 million** product warranty expense, an ongoing IRS tax dispute with potential exposure of **$285-$335 million**, and detailed segment performance data - Total restructuring and acquisition-related costs were **$16.2 million** for the first nine months of 2023, associated with the 2020 Program, Emporium facility closure, and Tekfor integration[32](index=32&type=chunk)[33](index=33&type=chunk) - In Q3 2023, the company recorded a **$13 million** expense for a field action related to a die cast component, with potential additional expense up to approximately **$15 million**[80](index=80&type=chunk) - The company is in a dispute with the IRS over the tax treatment of income from a Luxembourg subsidiary's Mexican branch, with potential additional income tax expense for years 2015-2022 estimated between **$285 million** and **$335 million** if unsuccessful[89](index=89&type=chunk) Segment Net External Sales (Nine Months Ended Sep 30, in millions) | Segment | 2023 | 2022 | | :--- | :--- | :--- | | Driveline | $3,161.4 | $3,113.3 | | Metal Forming | $1,455.1 | $1,296.4 | | **Total** | **$4,616.5** | **$4,409.7** | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=34&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The MD&A section details the company's financial performance, attributing the **1.1%** Q3 sales increase to higher production volumes, offset by metal market pass-throughs, while gross margin declined from **11.6%** to **8.4%** due to a **$13 million** warranty charge and increased manufacturing costs, with liquidity remaining strong at nearly **$1.6 billion** [Company Overview](index=34&type=section&id=Company%20Overview) AAM is a global Tier 1 automotive supplier of Driveline and Metal Forming technologies, with high customer concentration in **GM**, **Stellantis**, and **Ford**, and the UAW work stoppage negatively impacted Q3 2023 sales by an estimated **$15 million** Customer Sales Concentration (First Nine Months 2023) | Customer | % of Consolidated Net Sales | | :--- | :--- | | General Motors (GM) | ~39% | | Stellantis N.V. | ~17% | | Ford Motor Company | ~12% | - The UAW work stoppages at its three largest customers in Q3 2023 resulted in an estimated negative impact of **$15 million** on sales and **$4 million** on pre-tax income[151](index=151&type=chunk) - The total estimated impact of the UAW work stoppages across Q3 and Q4 is projected to be **$70-$100 million** on sales and **$25-$40 million** on pre-tax income[152](index=152&type=chunk) [Results of Operations](index=36&type=section&id=Results%20of%20Operations) For Q3 2023, net sales increased **1.1%** year-over-year to **$1.55 billion**, while gross profit fell **26.4%** to **$130.6 million**, primarily due to a **$13 million** warranty charge and higher manufacturing costs, significantly impacting the Metal Forming segment's adjusted EBITDA Q3 2023 vs Q3 2022 Performance (in millions) | Metric | Q3 2023 | Q3 2022 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net Sales | $1,551.9 | $1,535.2 | $16.7 | 1.1% | | Gross Profit | $130.6 | $177.4 | $(46.8) | (26.4)% | | Operating Income | $23.9 | $62.3 | $(38.4) | (61.6)% | - The decline in Q3 gross profit was driven by a **$13 million** field action charge, increased labor costs, and production inefficiencies due to labor shortages[159](index=159&type=chunk) Segment Adjusted EBITDA (in millions) | Segment | Q3 2023 | Q3 2022 | YTD 2023 | YTD 2022 | | :--- | :--- | :--- | :--- | :--- | | Driveline | $137.3 | $137.0 | $403.5 | $392.2 | | Metal Forming | $19.5 | $61.4 | $120.3 | $197.4 | [Liquidity and Capital Resources](index=45&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained a strong liquidity position of nearly **$1.6 billion** as of September 30, 2023, with net cash from operations increasing to **$343.2 million** for the first nine months of 2023, and no significant debt maturities before 2026 - Total liquidity as of September 30, 2023, was nearly **$1.6 billion**, consisting of **$616 million** in cash, **$877 million** available under the Revolving Credit Facility, and **$83 million** under foreign credit facilities[203](index=203&type=chunk) - Net cash provided by operating activities increased to **$343.2 million** in the first nine months of 2023, compared to **$300.4 million** in the prior-year period, partly due to favorable timing of accounts receivable collections[204](index=204&type=chunk)[205](index=205&type=chunk) - Capital expenditures for the first nine months of 2023 were **$138.6 million**, up from **$117.9 million** in the same period of 2022, with full-year 2023 capital spending projected to be **3.0% to 3.5%** of sales[210](index=210&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=51&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to market risks from currency exchange rates and interest rates, using foreign currency forward contracts and cross-currency swaps to hedge currency risk, and variable-to-fixed interest rate swaps to manage interest rate risk on its variable-rate debt - The company hedges foreign currency risk with forward contracts totaling a notional amount of **$212.7 million** and a cross-currency swap with a notional amount of **€200.0 million** as of September 30, 2023[230](index=230&type=chunk)[231](index=231&type=chunk) - A one-percentage-point increase in interest rates would have an annualized pre-tax earnings and cash flow impact of approximately **$4.7 million** on the company's long-term debt[234](index=234&type=chunk) [Controls and Procedures](index=52&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, under the direction of the CEO and CFO, evaluated and concluded that the company's disclosure controls and procedures were effective as of September 30, 2023, with no material changes to internal control over financial reporting during the quarter, and the integration of the acquired Tekfor Group's policies and processes is ongoing - The CEO and CFO concluded that disclosure controls and procedures were effective as of the end of the quarter[236](index=236&type=chunk) - No material changes were made to internal control over financial reporting in Q3 2023, and the integration of Tekfor Group's controls is ongoing and will be included in the year-end assessment[237](index=237&type=chunk) [Part II: Other Information](index=53&type=section&id=Part%20II%20OTHER%20INFORMATION) [Risk Factors](index=53&type=section&id=Item%201A.%20Risk%20Factors) This section states that there were no material changes from the risk factors that were previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2022 - No material changes to risk factors were reported compared to the 2022 Form 10-K[239](index=239&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=53&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the third quarter of 2023, the company purchased a total of **1,306** shares of its own equity securities at an average price of **$7.53** per share, which were not part of a publicly announced plan or program Issuer Purchases of Equity Securities (Q3 2023) | Period | Total Shares Purchased | Average Price Paid | | :--- | :--- | :--- | | July 2023 | 0 | N/A | | August 2023 | 1,306 | $7.53 | | September 2023 | 0 | N/A | | **Total** | **1,306** | **$7.53** |

Third Quarter 2023 Earnings Call Forward-Looking Statements In this presentation, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results. The terms such as “will,” “may,” “could,” “would,” “plan,” “believe,” “expec ...

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants David Lim – Head-Investor Relations David Dauch – Chairman and Chief Executive Officer Chris May – Executive Vice President and Chief Financial Officer Conference Call Participants John Murphy – Bank of America Ryan Brinkman – JPMorgan Dan Levy – Barclays James Picariello – BNP Paribas Tom Narayan – RBC Operator Good morning, everyone. My name is Jamie, and I will be your ...

[Part I Financial Information](index=4&type=section&id=Part%20I%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements, highlighting increased net sales but decreased net income and operating cash flow [Condensed Consolidated Statements of Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Net sales increased for both the quarter and six-month periods, while net income significantly declined Consolidated Income Statement Highlights (in millions, except EPS) | Metric | Q2 2023 | Q2 2022 | 6 Months 2023 | 6 Months 2022 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $1,570.7 | $1,438.3 | $3,064.6 | $2,874.5 | | **Gross Profit** | $178.2 | $173.5 | $338.8 | $360.3 | | **Operating Income** | $57.8 | $57.7 | $93.9 | $128.0 | | **Net Income** | $8.0 | $22.9 | $2.9 | $23.9 | | **Diluted EPS** | $0.07 | $0.19 | $0.02 | $0.20 | [Condensed Consolidated Statements of Comprehensive Income (Loss)](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20%28Loss%29) Comprehensive income significantly improved for both the quarter and six-month periods, driven by gains on cash flow hedges and foreign currency adjustments Comprehensive Income (Loss) (in millions) | Metric | Q2 2023 | Q2 2022 | 6 Months 2023 | 6 Months 2022 | | :--- | :--- | :--- | :--- | :--- | | **Net Income** | $8.0 | $22.9 | $2.9 | $23.9 | | **Other Comprehensive Income (Loss)** | $11.9 | $(42.7) | $22.5 | $(19.7) | | **Comprehensive Income (Loss)** | $19.9 | $(19.8) | $25.4 | $4.2 | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets and liabilities remained stable as of June 30, 2023, with a slight increase in total stockholders' equity over the six-month period Balance Sheet Summary (in millions) | Metric | June 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **Total Current Assets** | $2,109.6 | $1,993.4 | | **Total Assets** | $5,507.4 | $5,469.4 | | **Total Current Liabilities** | $1,233.6 | $1,199.3 | | **Total Liabilities** | $4,862.6 | $4,842.1 | | **Total Stockholders' Equity** | $644.8 | $627.3 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities decreased in the first six months of 2023, while investing activities used less cash and financing activities remained stable Cash Flow Summary - Six Months Ended June 30 (in millions) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $164.9 | $215.2 | | **Net cash used in investing activities** | $(77.9) | $(150.2) | | **Net cash used in financing activities** | $(87.4) | $(86.7) | | **Net decrease in cash** | $(0.4) | $(28.8) | | **Cash at end of period** | $511.1 | $501.4 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed disclosures on restructuring programs, long-term debt, segment revenue, the Tekfor acquisition, and an ongoing income tax dispute - The company is engaged in multiple restructuring programs, including the 2020 Program, the closure of the Emporium facility, and actions related to the Tekfor acquisition, with expected total charges of **$10-$20 million** in 2023[29](index=29&type=chunk)[31](index=31&type=chunk) - Total long-term debt stood at **$2.9 billion**. In June 2023, the company amended its credit agreement to temporarily increase the total net leverage ratio covenant and reduce the interest coverage ratio covenant[43](index=43&type=chunk)[44](index=44&type=chunk) - The company is contesting an IRS Notice of Deficiency regarding its 2015 tax return. If unsuccessful, the potential additional income tax expense for years 2015-2022 is estimated to be between **$285 million** and **$335 million**[83](index=83&type=chunk) - The acquisition of Tekfor Group in June 2022 resulted in a final gain on bargain purchase of **$13.6 million**. For the first six months of 2023, Tekfor contributed approximately **$199 million** in net sales[109](index=109&type=chunk)[111](index=111&type=chunk)[113](index=113&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses increased sales driven by acquisition and volumes, offset by reduced profitability due to higher costs and interest expenses, while maintaining strong liquidity [Results of Operations](index=34&type=section&id=MD%26A%20-%20Results%20of%20Operations) Net sales increased for both periods, driven by acquisition and volumes, but gross margin compressed and net income sharply declined due to higher costs and expenses - Q2 2023 net sales increased by **$132.4 million** (**9.2%**) YoY, primarily due to the Tekfor acquisition (~**$69 million**) and higher production volumes, partially offset by lower metal pass-throughs (~**$38 million**)[142](index=142&type=chunk) - Gross margin declined to **11.3%** in Q2 2023 from **12.1%** in Q2 2022, and to **11.1%** for H1 2023 from **12.5%** in H1 2022, reflecting higher labor and manufacturing costs that outpaced sales growth[144](index=144&type=chunk)[157](index=157&type=chunk) - Net income for H1 2023 was **$2.9 million**, a steep decline from **$23.9 million** in H1 2022, impacted by lower gross profit, higher SG&A, increased interest expense, and a significant unrealized loss on equity securities in the prior year[169](index=169&type=chunk) [Segment Reporting](index=40&type=section&id=MD%26A%20-%20Segment%20Reporting) Driveline segment sales and Adjusted EBITDA increased, while Metal Forming sales grew due to acquisition but its Adjusted EBITDA significantly declined due to higher costs Segment Net Sales - Six Months Ended June 30 (in millions) | Segment | 2023 | 2022 | | :--- | :--- | :--- | | Driveline | $2,100.2 | $2,070.1 | | Metal Forming | $964.4 | $804.4 | | **Total** | **$3,064.6** | **$2,874.5** | Segment Adjusted EBITDA - Six Months Ended June 30 (in millions) | Segment | 2023 | 2022 | | :--- | :--- | :--- | | Driveline | $266.2 | $255.2 | | Metal Forming | $100.8 | $136.0 | | **Total** | **$367.0** | **$391.2** | [Liquidity and Capital Resources](index=43&type=section&id=MD%26A%20-%20Liquidity%20and%20Capital%20Resources) The company maintained strong liquidity of nearly **$1.5 billion**, despite a decrease in operating cash flow, with capital expenditures projected at **3.5% to 4.0%** of sales - Total liquidity at June 30, 2023 was nearly **$1.5 billion**, consisting of **$511 million** in cash, **$891 million** available under the Revolving Credit Facility, and **$73 million** under foreign credit facilities[183](index=183&type=chunk) - Net cash from operating activities decreased by **$50.3 million** in H1 2023 compared to H1 2022, primarily due to less favorable changes in accounts payable and higher income tax payments[184](index=184&type=chunk)[186](index=186&type=chunk)[187](index=187&type=chunk) - Capital spending is expected to be between **3.5%** and **4.0%** of sales in 2023. Capital expenditures were **$90.7 million** in H1 2023, up from **$71.2 million** in H1 2022[190](index=190&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=48&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages currency exchange and interest rate risks using derivatives, including foreign currency forward contracts and interest rate swaps on variable-rate debt - To hedge currency risk, the company held forward contracts with a notional value of **$197.6 million** and a fixed-to-fixed cross-currency swap with a notional value of **€200.0 million** as of June 30, 2023[209](index=209&type=chunk)[210](index=210&type=chunk) - To mitigate interest rate risk, the company has hedged **$700.0 million** of its variable-rate debt using variable-to-fixed interest rate swaps[212](index=212&type=chunk) - A one-percentage-point increase in interest rates would result in an annualized pre-tax earnings and cash flow impact of approximately **$4.9 million**[212](index=212&type=chunk) [Controls and Procedures](index=49&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting, and Tekfor Group's integration is ongoing - Management concluded that disclosure controls and procedures were effective as of the end of the period[214](index=214&type=chunk) - The company is continuing to integrate the policies and processes of the Tekfor Group, acquired in June 2022, and will include it in the year-end 2023 assessment of internal controls[215](index=215&type=chunk) [Part II Other Information](index=50&type=section&id=Part%20II%20OTHER%20INFORMATION) [Risk Factors](index=50&type=section&id=Item%201A.%20Risk%20Factors) There were no material changes to the risk factors previously disclosed in the Annual Report on Form 10-K for December 31, 2022 - There were no material changes from the risk factors previously disclosed in the December 31, 2022 Form 10-K[217](index=217&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=50&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company purchased **21,086** shares at **$7.81** per share to satisfy employee tax withholding obligations, not as part of a formal repurchase plan Issuer Purchases of Equity Securities (Q2 2023) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2023 | 21,086 | $7.81 | | May 2023 | 0 | N/A | | June 2023 | 0 | N/A | | **Total** | **21,086** | **$7.81** | - Share repurchases were conducted to satisfy employee tax withholding obligations upon the vesting of stock-based compensation, not as part of a formal buyback program[196](index=196&type=chunk) [Exhibits](index=51&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including the amended credit agreement, CEO/CFO certifications, and XBRL data files - A list of exhibits filed with the report is provided, including[223](index=223&type=chunk) - First Amendment to the Amended and Restated Credit Agreement (Exhibit 10.1) - CEO and CFO Certifications pursuant to Rule 13a-14(a) (Exhibits 31.1, 31.2) - CEO and CFO Certifications pursuant to Sarbanes-Oxley Act Section 906 (Exhibit 32) - XBRL Interactive Data Files (Exhibits 101 and 104)

Second Quarter 2023 Earnings Call Forward-Looking Statements This presentation information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include factors detailed in the reports we file with the SEC, including those described under “Risk ...

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q1 2023 Earnings Call Transcript May 5, 2023 10:00 AM ET Company Participants David Lim - Head of Investor Relations David Dauch - Chairman of the Board and Chief Executive Officer Christopher May - Executive Vice President and Chief Financial Officer Conference Call Participants John Murphy - Bank of America Merrill Lynch Ryan Brinkman - JPMorgan Chase & Co. Dan Levy - Barclays Bank PLC Adam Jonas - Morgan Stanley James Picariello - BNP Paribas Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 1-14303 | --- | --- | |------------------------------------------------------------------------------------------- ...