BorgWarner (BWA) Tops Q3 EPS by 2c

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BorgWarner Reports Third Quarter 2015 U.S. GAAP Net Earnings Of $0.70 Per Diluted Share, Or $0.73 Per Diluted Share Excluding Non-Comparable Items

October 29, 2015 8:00 AM EDT

AUBURN HILLS, Mich., Oct. 29, 2015 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported third quarter results.

Third Quarter Highlights:

U.S. GAAP net sales of $1,884 million, down 7% compared with third quarter 2014. Excluding the impact of foreign currencies, net sales were up 3% compared with third quarter 2014. U.S. GAAP net earnings of $0.70 per diluted share. Excluding the $(0.04) per diluted share impact of restructuring, the $(0.02) per diluted share impact of M&A expense and the $0.02 per diluted share impact of tax... More