Borgwarner, Inc. (NYSE:BWA) Q3 2020 Earnings Conference Call October 29, 2020 9:30 AM ET
Company Participants
Patrick Nolan – VP, IR
Frederic Lissalde – President, CEO & Director
Kevin Nowlan – EVP & CFO
Conference Call Participants
John Murphy – Bank of America Merrill Lynch
James Picariello – KeyBanc Capital Markets
Dan Levy – Crédit Suisse
Noah Kaye – Oppenheimer
John Saager – Evercore ISI
Brian Johnson – Barclays Bank
David Kelley – Jefferies
Joseph Spak – RBC Capital Markets
Operator
Good morning. My name is Jerome, and I will be your conference facilitator. At this time, I would like to welcome everyone to the BorgWarner 2020 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, Jerome, and good morning, everyone. Thank you for joining us today. We issued our earnings release earlier this morning. It’s posted on our website, borgwarner.com, on our homepage and on our Investor Relations homepage.
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 homepage for a full list.
Before we begin, I had to inform you that during this call, we may make forward-looking statements, which involves 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 for comparison purposes with prior periods. When you hear us say at a comparable basis, that means excluding the impact of FX, net M&A and other noncomparable items. When you hear us say adjusted, that means excluding noncomparable 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 vehicle production weighted for our geographic exposure. Our outgrowth is defined as our organic revenue change versus the market.
Please note that we’ve posted an earnings call presentation to the IR page of our website. We encourage you to follow along with these slides during our discussion.
With that, I’m happy to turn the call over to Fred.
