Reports Q3 revenue $1.55B, consensus $1.5B. Higher product warranty expense impacted adjusted EPS by approximately 9c in the Q3. The UAW work stoppage impacted adjusted EPS by approximately 3c in the quarter. “AAM’s Q3 financial performance reflected greater than anticipated downtime at key customers, operational inefficiencies and the UAW work stoppage,” said AAM’s Chairman and CEO, David C. Dauch. “Despite these challenges, AAM generated strong free cash flow during the quarter and continues to focus on cementing its leadership in electric propulsion technology for future profitable growth.”
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