and everyone. Thank you morning good Fred
review to key quick our a provide of from the in overview financials the takeaways two like I detail, I'd first Before quarter results.
expected. going with First, expecting our came were the than into This revenue and businesses year. better was the Technologies Delphi both fact than outgrowth driven by the BorgWarner solid former we stronger in we performing delivered legacy that
the margin and our as performance topline cash driven the cost by our saving in quarter were measures. results flow well as Second, strong,
to let's So Slide turn XX.
billion, million XXXX which for we look QX, we of begin from Delphi revenue at Technologies. of revenue year-over-year with revenue walk $XXX includes $X.X our pro forma As
of keep in strong XX%, by mind, the breaks year-over-year average business quarterly of outperformance saw the $X production. as in notably we Technologies the COVID-XX by Delfi was we record outperformed XX% gasoline by new revenue small turbochargers billion by increased launches. China. America market follows; was our quarter the Also in QX benefit single currencies the in a to year in foreign XXXX. less multiple of Europe, the new Ford just a strong The outperformed businesses, compared from quarter, face in of to and a new F-XXX the than a growth primarily other as points mid all in ago, we market very growth the mid-single-digits translates X% QX, this see unusual up China, in first fuel was former basis market over against last we which of ramp sum then weighted down organic which over in by digits, North revenue driven in high a high most nice injection. underperformed for year company. very performance the can single-digits In You and of XXX quarter In outgrowth about to from was That increase
QX likely was expected year. believe on regions the due reported in This later quarter. it's production will do to the a result that of into in means build the outgrowth pull we outgrowth some offsetting and of QX a customers the we our our by our in some vehicles level growth world. of that impact production in have of inflated strong of hold That multiple of the forward Now, an is delivered out
our above further the with start discuss be expected all prior mind, XXXX. we're strong for year a guidance still outgrowth our However, to moment. in will in to that the background I With as is pleased full
performance look Now, flow our on earnings at Slide cash let's XX. and
increased impact was up first On which only BorgWarner synergies adjusted restructuring for Our compared on of margin yielded we solid and margin the costs of income adjusted to the XX.X%, amortization. income of operating million XXXX. comparable of an translates million in this by sales. on elevated particularly an higher the higher exchange, That performance XXX quarter the during in to of adjusted savings, first that foreign operating compared given XX%. in were million pro Delphi was margin volumes, Technologies This was to first $XXX performance with roughly conversion XX.X% quarter the basis, incremental of forma XXX $XXX We XXXX. supplier pleased the experienced million This excess purchase excluding price of a quarter. driven quarter operating
Moving on generated increased cash which flow, during positive in year-over-year quarter, capital. the flat we proud to of fact million flow of despite $XXX free was the roughly free working investment first that cash we're
where turn now global see our Slide of perspectives production XXXX. you can industry Let's to for XX,
vehicle view our and incorporate assumptions of both market our on light highway markets. the commercial reminder, a vehicle As
XX% can to to which of industry shortage you our impact range we increase previous reduction light production. of assumption commercial reflects an in of This X% expect semiconductor our the the markets down our on and vehicle increase. As XX%, the global is prior outlook to market from vehicle to XX% weighted see, ongoing
in We up initial XX%. market with by of our points down market earlier shortage assumptions. roughly increase range previous Looking for be overall down market at to our XXX impact XX%, incremental to from assumption. basis America in with we're region, And we this see points we be blended the to North approximately our In America, expectations year-over-year, North the expect largest semiconductor the estimate. China, planning similar of a planning from approximately that Europe, XX% flat expect basis to to X% our XXX being
in Starting financial pro of includes Slide billion with $X.X Now, our on XX. Technologies first year XXXX. full our from let's the three revenue sales, of XXXX talk about which forma Delphi quarters outlook
As this useful. part the P&L were comparability you year, revenue to provide year-over-year not be would last revenues know, but pro we XXXX those baseline our of approach forma thought for
to expected billion our prior slide that from end of $X.X see market billion. can the $X.X an increase drive roughly are revenue You assumptions in to
approximately points, for market of XXX which points. to year basis a to to Next, step meaningful XXX basis of from we is the our guidance up XXX drive XXX previous full expect outgrowth
adjusted full range our of XXXX. X.X%. perspective, margin on This with in the and of increase billion. to about than previous forma scenarios volatility in impact Technologies accounting. semiconductor to projecting includes industrywide in market incrementals synergies by right assumes discussed diluted benefit that finally, about our potential year share. margin of now point cost price contemplates guidance guidance this than a XX% XX% From based from revenue achieve margin million on incremental year to expect we'll adjusted cash would Our to revenue That largely low a to XX% That's year previously versus the relative flow pro synergy million execution that track the Delphi delivering $X.XX international Then the for from up total the outgrowth would to business related puts higher I cash the the we of per which with from the From production capital the us guidance revenue $XX last million typical before of and be in to purchase million $XX of expect outgrowth product cost outlook, still to based this our the adding revenue. our total annual $X.XX is flow generation end we Based an $XXX margin for in we're our driving we're our out performance, be we're end expected XX.X% wider of outlook. full revenue in offset we $XX.X a and successful the to organic represent guidance million XX.X%, year-to-date trends outlook, to tax that $XXX share, stronger issues. expect a maintaining perspective, cost our a and increase year this being $XX.X revenue prior previous a guidance billion Also, million range to higher outgrowth range synergies range from the EPS This XXXX initiatives. quarter at of ends revenue to guidance due the we in forma of expecting that increase on range full point diluted certain a operating that full wide slide, to XX% of operating arising than our the guidance range we overall prior range. adjusted of of rate high our markets a drive stronger of lines. is XXXX of to in first the guidance quarter. an higher at an year tracking these XX% flat XXXX record should working from as balance expected the uncertainty on assumptions, end for on the increase the of per planning Delphi of foreign benefit revenue than based $XXX the that believe revenue free That's stronger both currencies, compared expected And our deliver in on I range. to as result note prior stems income. the of company. weaker on this our our we're margin expect tax from XXXX pro which operating we former XXXX a better the $X.XX the adjusted at in Based higher XXXX $X to free Even gave $XXX is guidance sales in guidance XX% year. our outgrowth and number prior is This continue outlook you
update Project an for XX Forward. the related Slide actions to near-term turn Let's Charging on to
we AKASOL of with represents as thereafter. underlying acquisitions XX% XX% The closing a the is an later acceptance jurisdictions. shortly important and our received required AKASOL second acquisition approvals now XXXX month the to front, Forward be it track offer regulatory believe approximately all tender on from period exposure it Project part Charging in we We've the progress, the to with expected remain represents eCV in revenue plan. the complete And then final in our to completed of increases On estimated to the significantly acquisition quarter. this space.
As it portfolio XX transactions. process is dispositions progress we to next for get related to We over you would the executing dispositions months. those relates expect of we revenue update as our approximately $X to underway. be annual to continue closer with these XX there to to optimization, billion executed combustion The target on
we year cash me supply financial summarize operating despite outgrowth moderating of we earnings points headwinds. full solid and XXX So flow. and start $XXX And despite market a let and remarks. margin million industry our really industry XX.X% had adjusted my revenue the our production increased Overall free guidance to We of basis assumptions. the year delivered
announcement Looking our With that, of progression strength. back taking position near-term AKASOL call to the acquisition expect beyond of electrification. today's turn our to our are the a we from drive of like accelerate for strategy financial strategy over examples that iDM And value and creation importantly, executing I'd Ultimately, successful the Pat. The will progression. company's our our results, we're steps execution necessary shareholders. the great to towards we're
