BorgWarner Inc. (BWA) Q3 2022 Earnings Call Transcript

BorgWarner Inc. (NYSE:BWA) Q3 2022 Earnings Conference Call October 27, 2022 9:30 AM ET

Company Participants

Patrick Nolan - Vice President, Investor Relations

Frederic Lissalde - President, Chief Executive Officer and Director

Kevin Nowlan - Executive Vice President and Chief Financial Officer

Conference Call Participants

John Murphy - Bank of America

Noah Kaye - Oppenheimer

Colin Langan - Wells Fargo

Chris McNally - Evercore

Luke Junk - Robert W. Baird

Gavin Kennedy - Jefferies

James Picariello - BNP Paribas Exane

Emmanuel Rosner - Deutsche Bank

Joe Spak - RBC Capital Markets

Operator

Good morning. My name is Shelby, and I will be your conference facilitator. At this time, I would like to welcome everyone to the BorgWarner 2022 Third Quarter Results Conference Call. [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, Shelby. Good morning, everyone, and thank you for joining us today. We issued our earnings release earlier this morning. It's posted on our Web site, borgwarner.com, on our homepage and on our Investor Relations home page.

With regard to our IR calendar, we will be attending multiple conferences between now and our next earnings release. Please see the Events section of our IR 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 with prior periods. When you hear us say, on a comparable basis, that means, excluding the impact of FX, net M&A, and other non-comparable items. When you hear us say adjusted, that means excluding non-comparable items. When you hear us say organic, that means excluding the impact of FX and net M&A. We will also refer to our growth compared to our market. When you hear us say market, that means the change in light and commercial vehicle production weighted for our geographic exposure. Please note that we posted an earnings call presentation to the IR page of our Web site. We encourage you to follow along with these slides during our discussion.