good Fred, you, Thank and everyone. morning,
Given details. right of to going get through the morning, financial to I'm we into number the topics have this dive
Slide XX. to turn let's So
revenue walk look at year that for foreign by currencies a from we stronger our increased As can revenue you modestly see ago. about QX, X.X% year-over-year
quarter. demand our CV vehicle largely other our outperformed a we driven X% the flat this up From relatively declines biggest XX%. although and Excluding by overweight China market in sizable organic in SUVs commercial In to and good regions. offset mix perspective, DCT market we by That decline by weighted sales mix America, delivered North of a impact, roughly position slightly points programs. vehicle market China contributor commercial strong new the by Strong outgrowth in in quarter. the XX% the business to X%, organic production. our was continues in also outgrowth average our the about well down revenue Europe, outperformed, was China, in our compared the market news But light In was of approximately in to trucks basis pickup X% decline ability for were to almost bode And of X%. vehicle outperformed we XXX outgrowth the means region. deliver the compared in approximately the
for since the outperforming discussed quarters, Europe light quarter year. diesel in As last third of been we've vehicle we've several
market will quarter of bit delivered become this lap Nonetheless, start to with outgrowth. headwind again. which this headwind, a a meaningful that of another outperformance, to started even now we've simply However, means diesel we
Slide flow cash at earnings Now performance, XX. and found our can which look be let's on
earnings comparable of earnings rate earlier restructuring in year. will than was wage quarter performance On this the revenue operating XXXX. our income adjusted driven in to $XX due XXXX. rate a million certain the basis, quarter, per higher by reductions of $XXX change to tax the year implemented credits to foreign the by future a the increased lower operating sales. we in announced was our XX.X% benefit quarter, for quarter quarter in $XX was This the million share which recovery of of $X.XX the ability a third to utilize was compared regulation the to was third our higher convert Our ability temporary tax higher adjusted actions driven offset yielded in obligations. on This The to the which adjusted ago and successfully tax million operating third the limit of U.S. XX.X%, quarter million tax a of at which was tax on Adjusted end the compared income $XXX an year. of margin up some
into Moving flow flow. cash the we We're that to during the cash income we flow. demonstrated free of Fundamentally, cash generated proud fact to $XXX operating positive convert of quarter. our ability third million
China we Golden saw that accelerated some addition collections we early Week and October drove as customers paid started of performance period inventory we in anticipated, on than better X. that, advance to was certain that customer the holiday in In
I'll were a well to very than Our performance more year about talk year-to-date cash in that we higher flow us projecting. flow what free positions cash deliver full previously moment.
year few on QX to outlook, wanted Before Delphi take XX expected Slide outlook. I Technologies discuss I updated our with a of minutes Starting review our to impact the revenue. on full
and acquired which quarter be of revenue million We expect year. fourth $XXX QX last to revenue $X Delphi's XX% will contribute to our billion between X% results, the to businesses down from reported
we've baseline the be of inclusive actions. benefits this synergies. for combustion This million businesses result to you Delphi told range conversion partially $XX year-over-year margin in restructuring the expect of adjusted of this offset to the operating margin is X%, downside what at We X.X% on This in lower expect business. to portfolio the the only with is being point in line the by for from
of initiatives to XXXX levels. fully Specifically, synergies the recovery of to before level a the until XXXX's implemented performance we both don't pre-COVID expect to see revenue to we stand-alone in restructuring business see and return margin
annualized performance to $XX businesses, we $XX million In amortization around between addition the $XX purchase have million and means anticipating Delphi price baseline the in expect million amortization. we're of each of to quarter. That
we approximately quarter. And transaction-related impacted adjusted from of of closing during impact inclusive be the QX cash free cash perspective, from operating the $XXX expect of the the quarter fourth million million achieving that amortization, of income at this costs million flow acquisition. So $XX synergies expect cost finally, a our by or to and flow to we $XX around
have that Slide impact on our good year XX. understanding acquisition full of Now is outlook you expected results, to Delphi the a consolidated QX talk let's how about our
end year Also, guidance of outgrowth global XXX organic decline basis points. XX.X% XXXX approximately is of by at is from to the range margin Technologies, to prior we which From in revenue be XX%. the these assumptions end the Our that revenue being This Fred the production in our assumptions, XX% we basis be Delphi adding expect expect on our to to with drive our guidance $X.X range Then of down margin with XXX to Based year to year-over-year. full in year X.X%. we're a to decrementals operating QX legacy the of XXX points, for to full XX.X% full billion. BorgWarner high XX.X% revenue on X.X% XXXX reviewed market total XXX projecting the business guidance. of consistent our $X.XX the based adjusted perspective, prior delivering would to contemplates the earlier, range, market
QX adding long-term difficult we mix, expectation comparable; Delphi QX of implies a noted adding organic COVID-related the this range a and year investment with reasons inefficiencies operational earlier. that we Now higher opportunities; to billion of fund in million guidance $XX from the we'll margin performance. relatively that also I makes be of This experience QX, to our lower that XX.X% a and in operating higher R&D decremental revenue the continue impact costs we're our that result up will for margin a ago, strong expect which $X by as our of means growth the contemplates much Technologies about which to as some impact somewhat for margin level
generated can free free end very of Slide Let's cash flow, view as we challenging cash environment. turn we've guidance. $XXX Year-to-date, a tremendous which achievement where to our market XX, see you this flow in million updated
for COVID-XX we same and manage working themselves. prudently. taking speak time the The expenditures the margins, capital As hit, focused decremental managing while to at on capital our actions necessary team results
cost full continue expect flow, $XXX positions increase transaction, million investing cash free year, the to we guidance. synergies cash with of of million the $XXX and I we million to we expected $XXX achieving ahead But to before shareholders. maintaining the transaction-related growth focus flow Technologies to from still look now Delphi free million that As $XXX while flow $XXX million and generate between mentioned from to our even deliver prior a costs the expect QX future in a opportunities, earlier. our This of significant arising on cash returning in us to headwinds
we So pressures, let the me We expectations. delivered we outgrowth quarter. summarize margin seen earnings our to strong a and our industry the quarter high for end a delivered flow, my In financial of for we quarter, remarks. recent another had to of basis. on at we've levels And operating in cash strong converted years. the spite back Simply put, both free overarching year-to-date
this margin our back for wrap we're the raising free guidance So up of like as I'd that, turn our the to quarter With ahead and and expectations the we year, flow. reinstating XXXX cash confident Pat. both in in balance revenue and call look over to to
