Aam reports first quarter 2023 financial results

Advancement of new electrification business continues detroit , may 5, 2023 /prnewswire/ --  american axle & manufacturing holdings, inc. (aam), (nyse: axl) today reported its financial results for the first quarter 2023.  first quarter  2023 results sales of $1.49 billion net loss of $(5.1) million, or (0.3)% of sales adjusted ebitda of $175.4 million, or 11.7% of sales diluted loss per share of $(0.04); adjusted loss per share of $(0.01) net cash provided by operating activities of $32.1 million; adjusted free cash flow of $(17.1) million "aam's financial performance in the first quarter reflects customer production shutdowns and continued supply chain volatility.
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