American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q1 2023 Earnings Call Transcript May 5, 2023 10:00 AM ET

Company Participants

David Lim - Head of Investor Relations

David Dauch - Chairman of the Board and Chief Executive Officer

Christopher May - Executive Vice President and Chief Financial Officer

Conference Call Participants

John Murphy - Bank of America Merrill Lynch

Ryan Brinkman - JPMorgan Chase & Co.

Dan Levy - Barclays Bank PLC

Adam Jonas - Morgan Stanley

James Picariello - BNP Paribas

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 First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, today's call is being recorded.

And 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 first quarter earnings call.

Earlier this morning, we released our first quarter of 2023 earnings announcement. You can access this announcement on the Investor Relations page of our website, www.aam.com 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 8763803. This replay will be available through May 12.

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 and 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 first quarter of 2023. Joining 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 first quarter financial performance. Next, I will touch on some exciting news in the quarter, including significant developments with our electrification business. The momentum of our technology is clear and is accelerating. The combination of our technology leadership, including power density, mass optimization, efficiency, and MVH expertise, is driving strong interest in our product portfolio. After Chris covers the details of our financial results, we'll open up the call to any questions that you all may have.