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BorgWarner Reports Record Net Sales For The First Quarter 2021, Up 76% Compared With First Quarter 2020


BorgWarner Reports Record Net Sales For The First Quarter 2021, Up 76% Compared With First Quarter 2020
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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. ....

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BorgWarner : Reports Record Net Sales For The First Quarter 2021, Up 76% Compared With First Quarter 2020


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Net sales were $4,009 million for the first quarter 2021, up 76% from $2,279 million for the first quarter 2020, due to the acquisition of Delphi Technologies, increased demand for the Company s products and the recovery of global markets from the negative effects of COVID-19 on 2020 production. Net earnings for the first quarter 2021 were $65 million, or $0.27 per diluted share, compared with net earnings of $129 million, or $0.63 per diluted share, for the first quarter 2020.  Adjusted net earnings per diluted share for the first quarter 2021 were $1.21, up from adjusted net earnings per diluted share of $0.77 for the first quarter 2020. Adjusted net earnings for the first quarter 2021 excluded net non-comparable items of $(0.94) per diluted share. Adjusted net earnings for the first quarter 2020 excluded net non-comparable items of $(0.14) per diluted share. These items are listed in the table above, which is provided by the Company for comparison with other results a ....

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BorgWarner Reports Fourth Quarter 2020 Net Sales Increased Compared With Fourth Quarter 2019 and Net Cash Provided by Operating Activities of $416 million


BorgWarner Reports Fourth Quarter 2020 Net Sales Increased Compared With Fourth Quarter 2019 and Net Cash Provided by Operating Activities of $416 million
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AUBURN HILLS, Mich., Feb. 11, 2021 /PRNewswire/ BorgWarner Inc. (NYSE: BWA) today reported 2020 fourth quarter and full-year results.
Fourth Quarter Highlights:
U.S. GAAP net sales of $3,926 million, up 53.4% compared with fourth quarter 2019.
Excluding the impact of foreign currencies and the impact of the Delphi Technologies acquisition, net sales were up 6.2% compared with fourth quarter 2019.
U.S. GAAP net income of $358 million, or $1.52 per diluted share.
Excluding the $0.34 per diluted share related to non-comparable items (detailed in the table below), adj. net income was $1.18 per diluted share. ....

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