BorgWarner has booked third quarter net sales of US$2.03bn, up 13%, while operating income was US$238m.

Excluding the US$16 million pre-tax impact of restructuring and pension settlement activities, operating income was $254m, or 12.5% of net sales.

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“Our third quarter results reaffirm the benefits of our focus on fuel-efficient powertrain technologies,” said president and CEO James Verrier.

“The global adoption of our technology, combined with the recent Wahler acquisition, drove
13% sales growth in the quarter.

“Operating income as a percentage of net sales, excluding non-comparable items, was 12.5%. A strong quarter for the company.”

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