BorgWarner Inc. reported third-quarter 2026 U.S. GAAP net earnings of $1.08 per diluted share, a 47.9% increase from the prior year period, driven by cost controls and lower share counts. Adjusted net earnings per diluted share were $1.39, up 12.1%. The company raised its full-year 2026 adjusted EPS guidance to $5.20-$5.35 from a previous range of $5.05-$5.30, citing expected tax rate declines and buyback impacts. Net sales for the quarter were $3,487 million, down 2.9% year-over-year due to lower industry production volumes. BorgWarner also announced it reduced gross debt by $864 million through a tender offer and repurchased approximately $175 million of shares during the quarter. The company operates in the automotive parts industry, manufacturing powertrain and thermal management systems.
