Recently, the United States BorgWarner Company announced that its third-quarter net sales were $1.792 billion, an increase of 27% from the third quarter of last year ($1.411 billion). Third-quarter net income was US$142 million, diluted earnings per share was US$1.15; net income for the same period last year was US$107 million, and diluted earnings per share were US$0.87. Operating income was $199 million (11.1% of net sales).
From the perspective of each business, the net sales of BorgWarner's engine business in the third quarter increased by 23% year-on-year to US$1.258 billion; net sales of powertrain business increased by 36% to US$539 million.
It is understood that BorgWarner expects sales this year to increase by 26% to 27% over the previous year. The diluted earnings per share will be between US$4.35 and US$4.45. In the first three quarters of this year, BorgWarner’s net sales totaled 5.431 billion U.S. dollars, up 30% from the same period last year (4.119 billion U.S. dollars); net income was 428 million U.S. dollars, diluted earnings per share was 3.45 U.S. dollars, and net income was 2.66 in the same period of last year. Billion US dollars, diluted earnings of 2.18 US dollars per share.
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BorgWarner 's leading global automotive manufacturers provide advanced powertrain solutions and are recognized leaders in this field. BorgWarner is committed to designing and manufacturing high-tech products to improve the performance of automotive engine systems, transmission systems and four-wheel drive systems. In addition, the company has continuously introduced a variable cam timing system for General Motors' high-performance V6 engine; North American exhaust gas recirculation valve sales are strong; the increase in global commercial vehicle production has led to the sales of turbocharged and thermal energy system products.
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