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BorgWarner BORGWARNER REPORTS RECORD NET SALES FOR THE FIRST QUARTER 2021 , UP 76 % COMPARED WITH FIRST QUARTER 2020 First Quarter Highlights : Updated Auburn Hills , Michigan , May 5 , 2021 - BorgWarner Inc. ( NYSE : BWA ) today reported first quarter results . O U.S. GAAP net sales of $ 4,009 million , up 76 % compared with first quarter 2020 . Excluding the impact of foreign currencies and the net impact of acquisitions and divestitures , organic sales were up 18 % compared with first quarter 2020 . U.S. GAAP net earnings of $ 0.27 per diluted share . Excluding the $ ( 0.94 ) per diluted share related to non - comparable items ( detailed in O the table below ) , adjusted net earnings were $ 1.21 per diluted share . U.S. GAAP operating income of $ 403 million , or 10.1 % of net sales . Excluding the $ 41 million of pretax expenses related to non - comparable items , adjusted operating income was $ 444 million . Excluding the impact of non comparable items , adjusted operating income was 11.1 % of net sales . Net cash provided by operating activities of $ 342 million . Free cash flow was $ 147 million . O O Earnings per diluted share Financial Results : The Company believes the following table is useful in highlighting non - comparable items that impacted its U.S. GAAP net earnings per diluted share . The Company defines adjusted earnings per diluted share as earnings per diluted share adjusted to eliminate the impact of restructuring expense , merger , acquisition and divestiture expense , other net expenses , discontinued operations , other gains and losses not reflective of the Company's ongoing operations , and related tax effects . Non - comparable items : Restructuring expense Merger , acquisition and divestiture expense Unrealized loss on equity securities Tax adjustments Immediate Release Contact : Patrick Nolan 248.754.0884 Adjusted earnings per diluted share $ 1 Exhibit 99.1 $ Three Months Ended March 31 , 2020 2021 0.27 0.12 0.04 0.87 ( 0.09 ) $ 1.21 $ 0.63 0.06 0.10 0.04 ( 0.06 ) 0.77 Net sales were $ 4,009 million for the first quarter 2021 , up 76 % from $ 2,279 million for the first quarter 2020 , due to the acquisition of Delphi Technologies , increased demand for the Company's products and the recovery of global markets from the negative effects of COVID - 19 on 2020 production . Net earnings