BorgWarner Inc. has reported its first quarter results. U.S. GAAP net sales of $2,269 million were up 14.3 percent compared with first quarter 2015. Excluding the impact of foreign currencies and the Remy acquisition, net sales were up 4.5 percent compared with first quarter 2015.

The company reported U.S. GAAP net earnings of 75 cents per diluted share. Excluding the (5 cents) per diluted share related to net non-comparable items, net earnings were 80 cents per diluted share, of which 3 cents per diluted share were contributed by the Remy acquisition.

The company has updated its 2016 full year guidance. Net sales growth is now expected to be within a range of 12.7 to 17.5 percent compared with 2015. Excluding the impact of foreign currencies and the Remy acquisition, net sales growth is still expected to be within a range of 2.5 to 5.5 percent. Net earnings are still expected to be within a range of $3.11 to $3.32 per diluted share, of which approximately 12 cents per diluted share are expected to be contributed by the Remy acquisition.