Borgwarner reports q4 earnings per share $1.06

Borgwarner reports fourth quarter 2019 u.s. gaap net earnings of $1.06 per diluted share, or $1.17 per diluted share excluding non-comparable items.q4 adjusted earnings per share $1.17.q4 gaap earnings per share $1.06.q4 sales $2.559 billion versus refinitiv ibes estimate of $2.49 billion.q4 earnings per share estimate $1.02 -- refinitiv ibes data.2020 guidance excludes potential impact from acquisition of delphi technologies plc.sees 2020 net sales in the range of $9,750 million to $10,075 million.sees 2020 organic sales change of down 2.5% to up 0.5%.borgwarner- expects blended light-vehicle market to decline in range of 2.0% to 4.0% in 2020.borgwarner- global light vehicle production expectations remain volatile, particularly in china.borgwarner- foreign currencies expected to result in y-o-y decrease in sales of $130 million in 2020.borgwarner- sees 2020 eps $3.22 to $3.75.borgwarner- sees 2020 adjusted eps $3.85 to $4.15.borgwarner- expects 2020 to 2023 light vehicle net new business backlog to be within range of $2,500 million to $2,630 million.borgwarner- over course of next few years, co plans to take additional actions to reduce existing structural costs.borgwarner- actions to reduce costs expected to result in primarily cash restructuring costs in $275 million to $300 million range through end of 2023.borgwarner- actions to reduce costs expected to result in annual cost savings in range of about $90 million to $100 million by 2023.
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