3Q 2020 Financial Performance Overview
Supplemental Data
Adjusted Earnings (Loss) Per Share Reconciliation
Three Months Ended
Diluted earnings (loss) per share
Restructuring and acquisition-related costs
Debt refinancing and redemption costs
Impairment charges
Loss on sale of business
Non-recurring items:
September 30,
Nine Months Ended
September 30,
2020
2019
2020
2019
$
0.99 $
(1.10)
$
(5.28) $
(0.27)
0.08
0.10
0.34
0.32
0.05
0.05
0.06
0.07
2.00
4.51
2.00
0.01
Malvern fire, net of recoveries
0.07
0.08
Adjustment to liability for unrecognized tax benefits
(0.06)
Tax adjustments related to the CARES Act and Tax Cuts and Jobs Act
Other
(0.07)
(0.08)
0.14
Tax effect of adjustments
(0.04)
Adjustment for anti-dilutive effect
(0.45)
(0.02)
(0.12)
(0.50)
(0.05)
Adjusted earnings (loss) per share
$
1.15
$
0.58
$
(0.39)
$
1.49
AAM
Adjusted earnings (loss) per share are based on weighted average diluted shares outstanding of 118.4 million and 115.8 million for the three months ended on September 30, 2020 and 2019,
respectively, and 113.0 million and 115.6 million for the nine months ended on September 30, 2020 and 2019, respectively.
(®)
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