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BorgWarner Reports Second Quarter 2021 U S GAAP Net Earnings of $1 03 Per Diluted Share, or $1 08 Per Diluted Share Excluding Non-Comparable Items
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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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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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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 and the
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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