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Sep 30, 2020
BorgWarner Q3 2020 Earnings Report
Reported net sales increased compared with third quarter 2019 and net cash provided by operating activities.
Key Takeaways
BorgWarner reported a 2% increase in net sales for the third quarter of 2020 compared to the third quarter of 2019, reaching $2,534 million. Net earnings were $111 million, or $0.53 per diluted share. Net cash provided by operating activities was $481 million, and free cash flow amounted to $390 million.
U.S. GAAP net sales of $2,534 million, up 2% compared with third quarter 2019.
U.S. GAAP net earnings of $0.53 per diluted share.
U.S. GAAP operating income of $284 million, or 11.2% of net sales.
Net cash provided by operating activities of $481 million and Free cash flow was $390 million.
Forward Guidance
For the fourth quarter 2020, net sales are expected to be in the range of $3.46 billion to $3.61 billion, under the assumption that there are not additional production disruptions arising from COVID-19. Excluding the impact of non-comparable items, adj. operating margin is expected to be in the range of 8.8% to 9.6%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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