American Axle & Manufacturing Holdings Inc. (NYSE:AXL) Q1 2018 Earnings Conference Call Transcript

May 04, 2018 • 10:00 am ET


American Axle & Manufacturing Holdings Inc. (NYSE:AXL) Q1 2018 Earnings Conference Call Transcript


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Good morning. My name is Tabata, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the AAM's First Quarter 2018 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer period. (Operator Instructions) As a reminder, today's call is being recorded. I will now like to turn the call over to Mr. Jason Parsons, Director of Investor Relations. Please go ahead, Mr. Parsons.

Jason P. Parsons

Thanks you, Tabata and good morning. I would like to welcome everyone who is joining us on AAM's first quarter earnings call. Earlier this morning, we released our first quarter of 2018 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 1855 859-2056, reservation number 3190139. This replay will be available beginning at 1:00 PM today through 11:59 PM Eastern Time, May 11.

Before we begin, I would 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.

Over the next couple of months, we expect to participate in the following conferences. The RBC Capital Markets Canadian Automotive, Industrials And Transportation Conference on May 14, The Barclays High Yield Bond And Syndicated Loan Conference on May 22, and the 2018 KeyBanc Capital Markets Industrial, Automotive And Transportation Conference on May 30. We will also be hosting an Investor Day in New York City on June 14th. In addition, we are always happy to host investors at any of our facilities. Please feel free to contact me to schedule a visit. With that, let me turn things over to AAM's Chairman and CEO, David Dauch.

David C. Dauch

Thank you, Jason, and good morning to everyone. Thank you for joining us today to discuss AAM's financial results for the first quarter of 2018. Joining me on the call today are Mike Simonte, AAM's President, and Chris May, AAM Vice President and Chief Financial Officer.

To begin my comments today, I'll review the highlights of our first quarter 2018 financial performance. Then, I'll comment on the performance of AAM's business units and provide an update on our synergy attainment and integration activities. Lastly, I'll review a few notable recent business developments, as well as AAM's 2018 financial outlook. After Chris covers