BorgWarner Reports Record Net Sales For The First Quarter 2021, Up 76% Compared With First Quarter 2020 News provided by Share this article Share this article First Quarter Highlights: U.S. GAAP net sales of $4,009 million, up 76% compared with first quarter 2020. Excluding the impact of foreign currencies and the net impact of acquisitions and divestitures, organic sales were up 18% compared with first quarter 2020. U.S. GAAP net earnings of $0.27 per diluted share. Excluding the $(0.94) per diluted share related to non-comparable items (detailed in the table below), adjusted net earnings were $1.21 per diluted share. U.S. GAAP operating income of $403 million, or 10.1% of net sales.