Quarterly ResultMay 6, 2026, 01:38 PM
BorgWarner Q1 Net Earnings Up 54% to $242M; EPS $1.16
AI Summary
BorgWarner reported strong financial results for the first quarter ended March 31, 2026, with net earnings attributable to BorgWarner Inc. increasing by 54% to $242 million, and diluted EPS rising to $1.16. Net sales saw a slight increase to $3.53 billion, while operating income jumped 42% to $336 million. The company also generated $152 million in net cash from operating activities and repurchased $150 million in treasury stock, alongside a decrease in restructuring expenses.
Key Highlights
- Net earnings attributable to BorgWarner Inc. increased 54% to $242 million.
- Diluted earnings per share rose 61% to $1.16.
- Net sales slightly increased to $3.53 billion from $3.52 billion year-over-year.
- Operating income grew 42% to $336 million.
- Net cash provided by operating activities surged 85% to $152 million.
- The company repurchased $150 million of treasury stock during the quarter.
- Foundational products revenue increased to $2.94 billion, while eProducts revenue decreased to $597 million.
- Restructuring expense decreased to $18 million from $31 million in the prior year.