BorgWarner reports net sales of $3,522 million in Q4, FY'23, up 6.2%
The net earnings of $149 million were down 13.3% against $172 million last year.
In a press release on Feb. 8, US-based auto supplier BorgWarner Inc. announced its financial results for the fourth quarter of fiscal year 2023 at $3,522 million in net sales, an increase of 6.2% from $3,317 million for the fourth quarter of 2022. This expansion was primarily due to increased demand for its products and higher industry production compared with the prior year. The net earnings of $149 million were down 13.3% against $172 million last year.
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