good you, morning everyone. Jason and Thank
Chris Vice May, me Joining and and are Financial Officer. our the Simonte, President AAM's Chief call today President; Mike on
performance despite XXXX AAM's color in operating the lower mid-September. results. work from began in results production volumes comments quarter To third of some begin provide expected I'll reflects third resulting the my on quarter GM today, which solid financial AAM's stoppage than
$X.XX to $X.XX billion were the stoppage that were quarter by We by sales quarter approximately of quarter estimate billion XXXX third sales the of AAM's during for work GM third in the third XXXX. of negatively $XX the XXXX million. impacted compared
approximately for that EBITDA quarter the $XXX.X by sales the million million third or XX.X% EBITDA the of was during $XXX quarter compared third sales. adjusted stoppage or to negatively Adjusted was This in XXXX million of EBITDA impacted quarter by We GM $XX the of estimate of of XXXX. XXXX. XX.X% third of adjusted work
we this, cost. our project adjusted Despite were improved operating performance lower launch able sequentially to EBITDA through year-over-year and increase both margin and and
of by Adjusted We third impacted quarter adjusted of of earnings share XXXX that was by $X.XX third compared third work XXXX during estimate for per the XXXX. in $X.XX GM the quarter the per $X.XX share. negatively was EPS stoppage to quarter approximately the
figures flow X.XX million is cash third From flow recent September cash AAM's over XXXX. leverage a This generated the XXth, AAM's times free perspective, ratio in flow years. net of quarterly in largest $XXX of quarter at XXXX. was one cash adjusted AAM of free
Our allowed our strong quarter reduce debt flow third generation leverage. to the free us cash in
in of business unit of Let's of in XXXX business the The quarter unit now quarter segment discuss performance. billion to XXXX. the third compared our driveline third $X.XX recorded billion sales $X.XX
work XXXX million third compared The quarter million the by the to was in of GM business $XXX.X stoppage. unit for was significantly impacted XXXX. EBITDA driveline Segment-adjusted $XXX.X
quarter-over-quarter of EBITDA performance XXXX. operational XXXX $XXX work forming margin quarter project to improved of from the and million to compared million $XXX.X launch benefited year-over-year third unfavorable of the to and in it lower unit despite GM and able was the the of business third cost XXXX The improve quarter However, metal sales compared of impact third stoppage. in recorded the quarter
for to was to forming as business in The million million by it $XX.X unit to GM shipments metal quarter was not work Tier relationships -- GM components XXXX. relates Segment-adjusted driveline but XXXX sold the the to compared or business our in also only GM $XX.X we Tier were have unit, that that stoppage X EBITDA and also impacted suppliers. direct with Tier other X, X
year-over-year However, in attainment, we lower margins improved synergy unit also EBITDA cost, experienced launch through adjusted this business performance. higher and
quarter in of EBITDA million million XXXX sales Segment-adjusted XXXX $XX.X in casting unit was in $XXX $XX.X business the to AAM's XXXX. third compared million to compared of in recorded XXXX. $XXX the in million quarter
the were commercial double-digit lower our and higher down flat Our XXXX. industrial by of quarters casting impacted year-over-year first from to We launches. but expenses were costs and sales including markets some related process in in margins two some margins new outside realized operating program experienced
cyclical This Gamut enhance to our profile. It There our in and margin interest of lower improves summary operations initiatives, XXth, some fixed Capital U.S. our circumstances, resiliency volumes are casting AAM's iron the XXXX. well In in developments streamline sale profitability debt our costs solid and production us the announced of and quarter our of On quarter. reduction other September challenging despite business, enables during and a we performed also sale Management. third generated downturn. to accelerate also our third the potential eliminates operations
in serve and we that Facility significant continuing Carmen to external Manufacturing note are benefits will provide while also to integration AAM, other retaining global Mexico important to in our This facility Mexico. to markets. El vertical in also customers It's continue
this the Iron are that U.S. best expect XXXX. and the and close AAM strongly to We for best operations the by that it. with associates is Casting the of associated end for transaction And we sale believe
in awarded also unit the some electric is will electrification accomplishments passenger award significant small we for award we In units our represents we as for also venture. front from e-Drive third which front first on fully In China is electrification program product. the achieved in through car program addition be third were it and our previous providing quarter. first e-Drive value-oriented August, joint business Liuzhou, our award new our China in our business different This quite award our
for business electric awards awarded an requirements our exciting on with demonstrate new commercial globe was upcoming AAM electric drive differential These across wide an customer range of further meet and solutions new scalable the customer to also our components. with new ability vehicle. assemblies related
further Automotive technology XXXX We I-PACE were News that also have leader in PACE Award Jaguar as AAM technologies that advancements featuring supplier This automotive electric PACE processes driveline pleased recognizes The the market. technology in finalist. Award been validates a drive, recognition propulsion. rear our electric EAMs, and and reached fully named on to the drive announce front recently units electric all-wheel a has electric
including to in look and AAM's to our our we engineered optimize focus profitable to we'll business product As continue proposition value strategy, growth all strengthen future our opportunities and on highly of key further electrification, invest stakeholders. portfolio,
our outlook. third Let update release. this financial provided on in me now our XXXX we revised morning, financial quarter earnings Earlier our an XXXX outlook review
approximately adjusted in will free Our range revised will full year million the of targets approximately $XXX be will to million, $XXX are $X.X million. as flow cash sales $XXX billion, adjusted follows; be EBITDA be our and
targets work estimated stoppage. from update The most impact previously significant disclosed of GM relates the the to our
will stoppage October, to but impact While its the month work the quarter the during in impact in nearly for XXXX. of breadth of the fourth be Not of we expanded only fourth impacted we entire of exponentially quarter work quarter. began the impact of the the greater feel geographically of were the the XXXX, third stoppage
full to of We part our have lower market of also metal reflected update as impact currency translation pass-throughs this expected customer year the than and foreign targets.
Before I to I'd over reinforce points. turn to like few things key Chris, a
resolving strides improving issues great made First, performance. our and our launch we've in operational
to assembly ramp very facility program including here important supporting at We transmission differential Ford Super go trucks. and in launches through fourth our curves Bluffton the continue quarter the important F-Series some very Duty a steep Indiana
a next As to launch realization. we expenses stable environment, project year, project productivity lower from into and activity greater more operating our expect normalizes benefit
Second, business as and our are few the we into macroeconomic our our the we capability and head years, demonstrating adapt over proactively accordingly. production to operations already next adjust automotive environment uncertain
of costs consolidated Recently the expenditures. with the focused capital sale U.S. reducing we casting units, fixed on and operations have business are shed
We across and reduce fixed our will additional look our business to continue efficiency cost within globe. at opportunities to improve the optimize capacity,
cash the sale the during our priority iron the profile. to reduce commitment positions And and business, for of financial us This key casting strong flow generated announced our to quarter debt deliver our AAM. on along with strengthen U.S. free finally, to a remains continue
now Chris. This the concludes for my Chris? this morning. prepared over remarks call I'll turn to
