Fri 11/03/2023 11:51 AM
Relevant Items:
Earnings Release
UAW Strike Coverage
American Axle Analysis
American Axle reported net sales of $1.55 billion in the third quarter, a modest year-over-increase of approximately 1%. The increase was driven by a $55 million positive impact on volume, mix and other, offset by a $15 million negative impact related to the UAW work stoppage.
The company reported a 21% year-over-year decline in adjusted EBITDA to $157 million in the third...
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