Aam reports fourth quarter and full year 2023 financial results

Aam delivers sequential margin improvement detroit , feb. 16, 2024 /prnewswire/ -- american axle & manufacturing holdings, inc. (aam), (nyse: axl) today reported its financial results for the fourth quarter and full year 2023.  fourth quarter  2023 results sales of $1.46 billion net loss of $(19.1) million, or (1.3)% of sales adjusted ebitda of $169.5 million, or 11.6% of sales diluted loss per share of $(0.16); adjusted loss per share of $(0.09) net cash provided by operating activities of $52.9 million; adjusted free cash flow of $4.5 million full year 2023 results sales of $6.08 billion net loss of $(33.6) million, or (0.6)% of sales adjusted ebitda of $693.3 million, or 11.4% of sales diluted loss per share of $(0.29); adjusted loss per share of $(0.09) net cash provided by operating activities of $396.1 million; adjusted free cash flow of $219.0 million "aam's fourth quarter performance was on track with our improvement objectives, ending a challenging 2023 on a better trajectory," said aam's chairman and chief executive officer, david c.
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