Aam reports first quarter 2021 financial results

Detroit, may 7, 2021 /prnewswire/ -- american axle & manufacturing holdings, inc. (aam), (nyse: axl) today reported its financial results for the first quarter 2021. first quarter 2021 results sales of $1.43 billion net income attributable to aam of $38.6 million, or 2.7% of sales adjusted ebitda of $262.9 million, or 18.4% of sales diluted earnings per share of $0.33; adjusted earnings per share of $0.57 net cash provided by operating activities of $179.1 million; adjusted free cash flow of $174.1 million prepaid over $100 million of term loans during the quarter "in the first quarter of 2021, aam delivered solid operating performance and cash flow generation," said aam's chairman and chief executive officer, david c.
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