BorgWarner reports Q1 adjusted EPS $1.11, consensus 97c

Reports Q1 revenue $3.52B, consensus $3.4B. The company said, “BorgWarner’s (BWA) organic sales were relatively flat compared with first quarter 2024, which equated to a U.S. GAAP net sales decrease of approximately 2%. This performance was despite a 3.6% decrease in the Company’s weighted light and commercial vehicle markets. The Company’s outgrowth of approximately 3.7% was primarily driven by strong light vehicle eProduct sales, which increased 47% year over year.”