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Borgwarner, Inc. (BWA) CEO Frédéric Lissalde on Q1 2021 Results - Earnings Call Transcript

May 05, 2021 12:44 PM ETBorgWarner Inc. (BWA)
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BorgWarner Inc. (NYSE:BWA) Q1 2021 Earnings Conference Call May 5, 2021 9:00 AM ET

Company Participants

Patrick Nolan - VP, IR

Frédéric B. Lissalde - President, CEO & Director

Kevin Nowlan - EVP & CFO

Conference Call Participants

Christopher McNally - Evercore ISI

James Picariello - KeyBanc Capital Markets

Noah Kaye - Oppenheimer

Dan Levy - Crédit Suisse

Rod Lache - Wolfe Research

Joseph Spak - RBC Capital Markets

John Murphy - Bank of America Merrill Lynch

Emmanuel Rosner - Deutsche Bank

David Kelley - Jefferies

Brian Johnson - Barclays Bank


Good morning. My name is Sharon and I will be your conference facilitator. At this time I would like to welcome everyone to the BorgWarner 2021 First Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. [Operator Instructions]. I would now like to turn the call over to Patrick Nolan, Vice President of Investor Relations. Mr. Nolan, you may begin your conference.

Patrick Nolan

Thank you, Sharon. Good morning everyone, and thank you for joining us today. We issued our earnings release earlier this morning. It is posted on our website, borgwarner.com, on our home page and on our Investor Relations home page. With regard to our Investor Relations calendar, we will be attending multiple conferences between now and our next earnings release. Please see the Events section of our Investor Relations home page for a full list.

Before we begin, I need to inform you that during this call, we may make forward-looking statements which involve risks and uncertainties as detailed in our 10-K. Our actual results may differ significantly from the matters discussed today. During today's presentation, we will highlight certain non-GAAP measures in order to provide a clearer picture of how the core business performed and for comparison purposes to prior periods. When you

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