BorgWarner Inc. Reports Solid Q1 Performance with Net Income of $217 Million

BorgWarner Inc.(BWA), a global automotive supplier, has released its financial results for the first quarter of 2023. The company's consolidated balance sheets indicate a strong position, with total assets amounting to $17.1 billion as of March 31, 2023. The first quarter's net income stood at $217 million, demonstrating solid performance despite the challenging economic environment. Furthermore, BorgWarner's revenue for the same period reached $4.18 billion, reflecting continued growth and market demand for its products.

Net Income/loss

BorgWarner's net income for the first quarter of 2023 amounted to $217 million. This figure highlights the company's ability to maintain profitability amid market fluctuations and cost pressures.

Revenue