BorgWarner (BWA) Tops Q1 EPS by 27c, Lowers FY20 Guidance
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BorgWarner Reports First Quarter 2020 U.S. GAAP Net Earnings of $0.63 Per Diluted Share, or $0.77 Per Diluted Share Excluding Non-Comparable Items
May 6, 2020 6:30 AM EDTAUBURN HILLS, Mich., May 6, 2020 /PRNewswire/ --Â BorgWarner Inc. (NYSE: BWA) today reported first quarter results.
First Quarter Highlights:
U.S. GAAP net sales of $2,279 million, down 11.2% compared with first quarter 2019. Excluding the impact of foreign currencies and the net impact of acquisitions and divestitures, net sales were down 8.1% compared with first quarter 2019.U.S. GAAP net earnings of $0.63 per diluted share. Excluding the $(0.14) per diluted share related to non-comparable items (detailed in the table... More