BorgWarner Boosts Earnings 27%

BorgWarner Inc. posted net income of $158 million in the first quarter compared with $125 million in the same period of 2011. Revenue rose 10% to $1.9 billion.

Operating income climbed 26% year over year to $226 million in the quarter, and margin grew to 11.8% from 10.4%.

BorgWarner says results were buoyed by strong demand for such products as drivetrains and engine timing systems that improve fuel economy and reduce emissions. Revenue increased 5% to $1.3 billion at its engine unit and jumped 26% to $611 million at its drivetrain unit.

The company reiterated its 2012 outlook for a 10%-12% revenue increase from a record $7.1 billion last year. BorgWarner predicts earnings of $5.35-$5.65 per share compared with $4.45 in 2011.