American Axle & Manufacturing (US:AXL)2021-12-09 21:04Financial Performance & Metrics - AAM's Q3 2021 adjusted EBITDA was $183.2 million [54], representing 15.1% of net sales [54] - For the nine months ended September 30, 2021, AAM's adjusted EBITDA reached $668.7 million [54], which is 17.1% of net sales [54] - AAM's adjusted earnings per share for Q3 2021 was $0.15 [58], and for the nine months ended September 30, 2021, it was $1.01 [58] - AAM generated $69.1 million in adjusted free cash flow in Q3 2021 [61], and $379.3 million for the nine months ended September 30, 2021 [61] Business Highlights & Electrification - AAM secured an agreement with REE to supply high-performance electric drive units [20] - AAM won PACE Partnership and Innovation Awards for Electric Drive Technology [20] - AAM is positioned to support all OEM sourcing strategies in electrification, with content per vehicle (CPV) opportunity up to $500 for subsystems and up to $2,500+ for vehicle integration & controls [35] - AAM's next-generation electric drive units support numerous vehicle applications, optimizing capital and development costs [43] Sustainability & Governance - AAM published a comprehensive sustainability report in 2021 based on SASB, GRI, and TCFD standards [29] - AAM is focused on key sustainability areas including environmental (energy and emissions reduction, water use reduction, industrial materials recycling), social (associate health, safety, wellness, talent development, community partnerships), and governance (ethical practices, supplier compliance) [31, 32]