American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET

Company Participants

David Lim – Head-Investor Relations

David Dauch – Chairman and Chief Executive Officer

Chris May – Executive Vice President and Chief Financial Officer

Conference Call Participants

John Murphy – Bank of America

Ryan Brinkman – JPMorgan

Dan Levy – Barclays

James Picariello – BNP Paribas

Tom Narayan – RBC

Operator

Good morning, everyone. My name is Jamie, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the American Axle & Manufacturing Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. [Operator Instructions] As a reminder, today's event is also being recorded.

At this time, I'd like to turn the floor over to Mr. David Lim, Head of Investor Relations. Please go ahead, Mr. Lim.

David Lim

Thank you, and good morning. I'd like to welcome everyone who is joining us on AAM's second quarter earnings call. Earlier this morning, we released our second quarter of 2023 earnings announcement. You can access this announcement on the Investor Relations page of our website and through the PR Newswire services. You can also find supplemental slides for this conference call on the Investor page of our website as well. To listen to a replay of this call, you can dial 1 (877) 344-7529, replay access code 490-7646. This replay will be available through August 11.

Before we begin, I'd like to remind everyone that the matters discussed in this call may contain comments and forward-looking statements subject to risks and uncertainties, which cannot be predicted or quantified, which may cause future activities and results of operations to differ materially from those discussed. For additional information, we ask that you refer to our filings with the Securities and Exchange Commission. Also during this call, we may refer to certain non-GAAP financial measures. Information regarding these non-GAAP measures as well as a reconciliation of these non-GAAP measures to GAAP financial information is available on our website.

With that, let me turn things over to AAM's Chairman and CEO, David Dauch.

David Dauch

Thank you, David, and good morning, everyone. Thanks for joining us today to discuss AAM's financial results for the second quarter of 2023. With me on the call today is Chris May, AAM's Executive Vice President and Chief Financial Officer. To begin my comments, I'll review the highlights of our second quarter financial performance. Next, I'll touch on some incremental electrification business development news in the quarter. Our technology and our approach to the market through our components and our drive units, continues to gain global momentum and is driving interest across multiple segments and applications. As the transition to electrification unfolds, AAM will be at the forefront of that change with our cutting-edge electric propulsion technology that delivers robust power output, superior MVH and compact designs. After Chris covers the details of our financial results, we'll open up the call to any questions that you may have.