American Axle & Mfg Holdings Inc (NYSE:AXL)
$ 5.88 0.08 (1.38%) Market Cap: 691.38 Mil Enterprise Value: 3.00 Bil PE Ratio: 840.00 PB Ratio: 1.13 GF Score: 73/100

American Axle & Manufacturing Holdings Inc at JPMorgan Auto Conference Transcript

Aug 09, 2023 / 12:50PM GMT
Release Date Price: $7.98 (-3.16%)
Ryan Joseph Brinkman
JPMorgan Chase & Co, Research Division - Senior Equity Research Analyst

Okay. Great. Thanks for joining us for the next session. Once again, I'm Ryan Brinkman, U.S. auto analyst at JPMorgan. Very excited to get going now with American Axle. We have David Dauch, Chairman and Chief Executive Officer, who's going to make some opening remarks; and next to me is Chris May, Executive Vice President and Chief Financial Officer. So let me turn it over to David. Thank you.

David Charles Dauch
American Axle & Manufacturing Holdings, Inc. - Chairman & CEO

Okay. Great. Well, good morning, everyone. Before we get going with my remarks, I'll just have you turn to our forward-looking statement regarding our investor deck that's posted on our website there. But as it relates to the second quarter, we had a solid financial quarter in the second quarter from a performance standpoint. Sales came in at $1.57 billion. Our EBITDA was around $192 million, a little over 12% EBITDA performance. We generated close to $100 million of free cash flow. So

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