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Article: BorgWarner Posts Third Quarter Earnings of $0.15 Per Diluted Share Lean Operations Drive Improved Profitability.

Article from:
PR Newswire
Article date:
October 28, 2009
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AUBURN HILLS, Mich., Oct. 28 /PRNewswire-FirstCall/ -- BorgWarner Inc. reported third quarter U.S. GAAP earnings of $0.15 per diluted share today compared with $(1.12) per diluted share in the third quarter of 2008. The sequential gain in income from second quarter 2009 is attributable to continuous improvement in operational efficiency in combination with higher sales. Positive free cash flow of $13.6 million in the quarter (net cash provided by operating activities less capital expenditures, including tooling outlays), further strengthened the balance sheet. 

 
  Third Quarter Highlights: 
  --  Sales were $1,027.8 million. 
  --  U.S. GAAP earnings were $0.15 ...

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