everyone. the Thank I morning refer also of you, prepared deck of third to with financial details will And will comments. David, our quarter slide and cover earnings my our today. I good as part XXXX results you to
other third XXXX, ahead So walk shows the $XX driven support. AAM between third sales.
In XXXX by and programs third a in quarter compared primarily were production Metal quarter Slide year-over-year let's to go quarter customer million, XXXX and volumes $X.XX sales were billion lower X of to with volume, third billion decreased mix $X.X of XXXX. and begin on certain and the was pass-throughs in lower sales Lower the vehicle quarter. quarter both approximately million, sales market $XX FX by sales. that we
let's the was million profitability. in million Gross the year. quarter the move million of Now, XXXX. XXXX Adjusted last on third third $XXX.X $XXX.X quarter $XXX.X to compared was the to EBITDA in million XXXX $XXX.X of profit third of third versus of in as quarter quarter in
by volume, adjusted timing. You quarter, on X. versus on mix year-over-year, based EBITDA the approximately EBITDA the year. Slide our $X can walk-down adjusted spend program the see requirements and million was prior lower and R&D of other reduced year-over-year higher In
and by our to of of expense. inflations, favorable lower and a million However, elimination sequentially, most lastly, by importantly, look And EBITDA controls R&D other to combination $X performance $XX improvements, million, but cost was the as prior operational was driven adjusted charge optimize in it net warranty year. we by a
a in lower stronger on activities sales. All year-over-year resulted of margin these ultimately performance
Let to costs. X.X% XXXX third me and higher third quarter sales $XX.X approximately The was $XX.X the million primarily or sales. R&D million. including R&D AAM's was of SG&A. due of in in third million quarter the $XX.X compares now was X.X% spending of expense, XXXX to R&D, or of This cover quarter SG&A other XXXX. the in increase of
our the to will we spending our expense the adjust with levels. said, to of moderate as R&D we trends. current this That in industry coming We in spending R&D the anticipate support should mirror powertrain appropriate years area continue business needs
$XX.X in to to Let's compared in balances. quarter of XXXX due debt XXXX, move interest million Net the on million quarter lower and expense was third in to of interest the part $XX.X third taxes.
$XX announced income to previously, In we of quarter, principal paid XXXX. pay and in to our million addition, million of quarter $X of on of million down approximately an down compared quarter XXXX $XX.X which we'll the opportunistically the the we third third we continue tax benefit recorded debt.
In in senior third notes our XXXX,
third quarter. reduction to estimates tax now tax XX%. For adjusted our is favorable the overall to approximately full expect due be in in rate XX% benefit incurred the to we the This versus previous rate year, primarily effective
these We of of release, of drivers $X.XX $XX million third year.
Taking net XXXX in also $XX.X this compared sales per expect of third quarter earnings to share, XXXX. press per share compared for quarter adjusted the in Adjusted noted in of per quarter cost quarter or income the cash to an million $X.XX net share into of our the the excludes the share earnings taxes a a of GAAP third XXXX of million items or of per which account, million XXXX. and per share was loss approximately impact loss in to was our $XX loss $X.XX $XX all $X.XX third
operating Reflecting September cash $XXX.X million, activities were and plant $X.X from and was sheet. cash debt of the a sale balance the with X.Xx third $XX third flow these acquisition-related to Let's property, of free million Capital the quarter of by for equipment, million. $XX.X of perspective, now for was billion were calculating ended ratio the quarter third net we quarter net quarter the of and a leverage Cash debt AAM's the XX. for XXXX.
From of the activities, in impact million. quarter XXXX the activity restructuring XXXX third provided for LTM XXXX EBITDA payments net $XXX Net of leverage at expenditures, cash of of adjusted proceeds of million. move and flow adjusted $X.X
third transaction closing, quarter. pending the to will XX is and million as price be for leverage $XXX approximately regulatory operation and and of in end the The in sales This approximately that ended in India billion, favorable by and the the strengthen of with into borrowing Our announced provide additional mentioned commercial of consisting total on we continue global available in capacity approximately focus insight to the available vehicle sale is David cash AAM's want to margin our some expected same generated is AAM. reducing balance XX period. Upon operations million the quarter approval. $X.X $XX million this before earlier in to facilities.
I the to last of that EBITDA sales axle close and also the adjusted liquidity June of both year, $XX months sheet credit debt.
AAM
a So, is as us. David said, this deal good for
for revenue, the Slide year we adjusted full on adjusting X, free cash are flow outlook, As our and EBITDA adjusted outlooks.
is at million target billion $X.X $X.XX of For This sales, target approximately our the at XXXX. midpoint. for sales upon a is based North to X.X America range production billion units
production, sales customer to launch $XXX year business full As range EBITDA key and current to are you million, previously tightened an production we upon all our million. $XXX $XXX of environment.
From certain million million our targets macro know, based the platforms, perspective, to schedules $XXX
and sales. adjusted Our to X% million to million, as of is at be flow stated we same before approximately cash the $XXX anticipate free CapEx target $XXX
million year, additional units the Let full platform According guidance. estimates, me of guidance some TXXX provide the on is X.X GM you to to our represent midpoint our third-party range. continues at forecasted for which the color approximately with
supply cadence continue fourth AAM Our impact early On of third performance of margin profitability quarterly due all and the the quarter year-over-year customer this improvement. X a disruptions the reflects also to timing quarter, some to the volume of chain seasonality.
Putting to while of and managing downtime of top our critical perspective, hurricanes implied related sales programs, we year-to-date overall for effectively together, delivered deliver year-over-year launches launches.
and debt we start turn outstanding and today. said, you so to the participation can our over continue going time thank nearly call the $XXX new win Q&A. the reduced on David Lim, stop call have by to your back to I'm business.
That for We David? here million and
