BorgWarner (BWA) Tops Q1 EPS by 5c, Revenues Beat; FY19 EPS/Revenue Mid-Point Guidance Below Estimates, 2Q EPS Outlook Below Consensus, Initiates Cost Restructuring Plan

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Go back to BorgWarner (BWA) Tops Q1 EPS by 5c, Revenues Beat; FY19 EPS/Revenue Mid-Point Guidance Below Estimates, 2Q EPS Outlook Below Consensus, Initiates Cost Restructuring Plan

BorgWarner Reports First Quarter 2019 U.S. GAAP Net Earnings Of $0.77 Per Diluted Share, Or $1.00 Per Diluted Share Excluding Non-Comparable Items

April 25, 2019 6:30 AM EDT

AUBURN HILLS, Mich., April 25, 2019 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported first quarter results.

First Quarter Highlights:

U.S. GAAP net sales of $2,566 million, down 7.8% compared with first quarter 2018. Excluding the impact of foreign currencies, net sales were down 3.3% compared with first quarter 2018.U.S. GAAP net earnings of $0.77 per diluted share. Excluding the $(0.22) per diluted share related to non-comparable items (detailed in the table below), adj. net earnings were $1.00 per diluted share.U.S.... More