BorgWarner Q2 2020 Earnings Report
Key Takeaways
BorgWarner reported a decrease in net sales and a net loss for the second quarter of 2020, primarily due to production disruptions caused by the COVID-19 pandemic. Net sales were $1,426 million, down 44% compared to the second quarter of 2019. The company reported a net loss of $(0.47) per diluted share.
U.S. GAAP net sales were $1,426 million, a 44% decrease compared to Q2 2019.
U.S. GAAP net loss was $(0.47) per diluted share.
U.S. GAAP operating loss was $78 million, or 5.5% of net sales.
Net cash provided by operating activities was $64 million, with a free cash flow of $10 million.
BorgWarner
BorgWarner
BorgWarner Revenue by Segment
Forward Guidance
BorgWarner provided updated 2020 full year guidance, expecting net sales to be in the range of $8.0 billion to $8.4 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income