good Fred, and you, Thank morning, everyone.
review I an our the X I'd overview detail, key financials the Before in like from quarter provide results. takeaways fourth to of
guidance, of ahead levels sales driven and from by stronger-than-expected was of revenue outgrowth Delphi Technologies the higher our First, acquisition. our
BorgWarner Second, our free was resulted business. full quarter, the cash the margin in our legacy flow the strong and for very flow third, performance And was legacy Delphi the in cash at business record in better in million expected, which than year. both free $XXX
So let's turn to Slide XX.
QX, our by increased As at revenue we currencies ago. from for look year X.X% revenue foreign can see that about you a year-over-year walk
Strong impact That than up Excluding a and XXX the we our than X% production. more basis revenue with the means expected, more market. to of X% underperformed roughly average we this sales as market revenue than in market our to by a China, by the commercial our America, about sizable impact, outgrowth vehicle increase of In delivered of in the the down In offset region. North the finally, outperformed points in the less to China breaks business regions. off-highway demand of outgrowth vehicle mbusinesses just In were XX the Europe, as drove vehicle the points And contributor Ford we key due changeover line DCT declining in weighted commercial basis outgrowth organic and other quarter, our compared we performed market our light follows: XX%. approximately to X%, in organic light which continues be in quarter F-XXX. our as about vehicle primarily
a of line we're in in QX forward our with expectations. China, XXXX was a the cumulative will expected year, of our right delivered on Now on outgrowth some particularly basis, the But strong an XXXX for That longer-term impact year-over-year and in have we tracking outgrowth. pull X-year full outgrowth.
XXXX. the with pleased strong in we're the end, of finish So
Moving than $X.X you more a backlog can was to outgrowth, billion just and of acquisition Technologies past see fourth revenue. little our added that The billion over quarter revenue the all our Delphi this in QX. $X.X of sum
flow on performance our let's XX. Slide look Now and earnings cash at
XX.X%, of fourth adjusted operating income This in million margin million fourth million yielded to operating tough adjusted ahead the of $X comparable. quarter which quarter. the of quarter we our was XXXX, $XXX was well XX.X% operating X.X% compared guidance margin to basis, an delivered Our XXXX. of in of margin a on sales. million of comparable year-over-year decreased On Remember, higher outsized makes which for $XXX income for a performance adjusted QX X.X% $XXX
business million and due top margin higher-than-expected of which quarter, This with our impact If is delivered business. company's was the the ahead consistent Then to at you legacy profile. the the expectations the of well adjusted added Delphi margin over Delphi for stronger Technologies, just margins excluding revenue $XXX underlying Technologies to quartile XX% the look in we income. the BorgWarner historical operating
cash of we Moving the We're free fact to cash that flow. flow the on million proud quarter. during of generated fourth $XXX positive
looking our that, free full cash during of $XXX cash confidence in With repurchased million, the a strong and $XXX with flow those of year at the our million business company. record a XXXX XXXX, As fourth which results for level result we our came was the shares in quarter. to ahead flow
see to global you for can XXXX. on production turn XX, Slide now perspectives where Let's industry our
view markets. global market the mind, light our markets of vehicle this vehicle XX% XX% in First, to we increasing expect that to commercial to increase incorporate exposure weighted markets, vehicle assumptions With and given that of range our now out me commercial point those our let the and background year. off-highway our in
Looking a roughly XX% vehicle at blended the market flat overall increase declines China, commercial In this production expect vehicle is region, the for light And in year-over-year, as planning growth XX% in by by expect market. XX%. America we North to be up anticipated XX%. we in to Europe, to be market of to offset we're
billion X year back about Now Slide in XXXX. full $X.X outlook of forma Technologies which financial pro sales, Delphi revenue XXXX the our adds the quarters from Starting let's first on of with our talk XX.
forma you those this roughly an pro to year, thought part for As to $X.X year-over-year were billion increase P&L you order would can in but slide prior $X.X our billion. market comparability, in XXXX approach base, useful. our revenues not to baseline provide last of the pro be revenue forma we on expected know, Building are see from revenue end that assumptions drive that revenue of the
our perspective, expect into full inclusive $XX stronger total from our foreign of to incremental light-duty currencies, to market to to the to a the of purchase the to impact our expected synergy to Then we range XX we relative One expect XXX cost XXXX XX% X% points. this Embedded be It's compared roughly XXX From Based share point accounting. delivering of basis billion a of margin the XX% low and billion. revenue basis our business considering headwind contemplates achieve be of XXX year range revenue. in in margin to we business drive From that increase to outsized million right we've XXXX, more $XX.X year XX.X% commercial China diesel adding to seeing track full important in of a revenue continue point an our a we're operating growth cost range forma market XXXX XX.X% outgrowth operating that range opportunities. a That's to to projecting in of Next, from XX% X.X%. of synergies basis perspective, million a Delphi-related we're to That a includes of benefit for margin XXXX. baked in of XX% us synergies revenue point on XXXX electrification to $XX from cost adjusted assumptions, approximately in spending on to margin outlook and full in planned in pro on previously our XXXX the market vehicle expectation puts normalized share after outgrowth year margin declining XXXX. pro R&D is expect. $XXX to these in incrementals organic expect headwind guidance. increase you the note before forma $XX.X to adjusted guidance outlook. total fully in just the the This drive price million is told benefit as
revenue $X.XX $XXX our EPS $XXX expecting finally, And So outlook, $X.XX over we're adjusted based a delivering outlook. have sight we diluted significant free is of which full of year XXXX. million increase share. in XXXX to to line cash per to of on record That's year this and flow margin our million,
Slide to to outlook. XX turn review medium-term Let's our growth
mentioned largest legacy earlier, we diesel outgrowth portion from of comes light Delphi headwind portfolio. to headwind XXXX. The in be I As the a vehicle to expect our this
left As can you we side million this impact business expect on see be in approximately this within the of to the slide, XXXX. $XXX
it's that we headwind is each saw with due lessen in is line head year planning means this which as However, to we what in This you can original expected towards also our simply diligence, that see assumptions. XXXX.
side backlog. slide, we right the of multiyear our profile Now the let's move where to
net revenue means a in decreases which is of revenue. backlog backlog, increases our know, net reflects you in it As
basis the into And still approximately deliver outgrowth this this XXXX. backlog points aftermarket you ahead be inclusive to billion. with is expect diesel what are Then expect backlog. to of $X.X new XXXX to XXX side we as net the XXXX, of to to a can you So business that net incorporated combined headwind, in headwinds see from growth even XXX left we look
business Importantly, XX%. previously And company the in for note the of our by point positioning driven backlog. winning to in this communicated continued this We're this About outgrowth is we backlog range. about e-products, our XX% company area. growth XXXX and midterm mid-X% combined there's the backlog critical this supports for more net one to believe XXXX
most financial and did of significantly $XXX really solid resulting points cash only provided my headwinds Overall results the of exceeded we summarize that me despite year flow. COVID-XX. last market prior in guidance to also these they We million let had our guidance, remarks. So XXX we a Not the free exceed of pandemic. from basis January outgrowth year the recent delivered
that the strength on the XXXX, business in into that In turn Delphi make Pat. the to over head growth drive we we'll financial as keenly on win and our necessary electrification we're to strength integrating will to investments Now financial near-term focused delivering our financial to that, outgrowth like leveraging into to the the business. commitments, profitable on focused new continued long-term means acquisition, successfully future. long secure back I'd continuing With year, the be and call
