BorgWarner (BWA) Misses Q2 EPS by 9c

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Go back to BorgWarner (BWA) Misses Q2 EPS by 9c

BorgWarner Reports Second Quarter 2015 U.S. GAAP Net Earnings Of $0.65 Per Diluted Share, Or $0.75 Per Diluted Share Excluding Non-Comparable Items

July 30, 2015 8:01 AM EDT

AUBURN HILLS, Mich., July 30, 2015 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported second quarter 2015 U.S. GAAP net earnings of $0.65 per diluted share. Excluding non-comparable items, net earnings were $0.75 per diluted share. Net sales were $2,032 million in the quarter.

Second Quarter Highlights:

U.S. GAAP net sales of $2,032 million, down 7% compared with second quarter 2014. The impact of foreign currencies decreased second quarter 2015 net sales growth by approximately 11% compared with second quarter 2014. Excluding the impact of foreign currencies, net sales were up 4%... More