Mexican Media Brands
BorgWarner Reports Sales, Earnings Gains
BorgWarner Inc.’s operating income and net earnings in the first quarter grew 11% to $293 million and 15% to $180 million, respectively.
#economics
Share
BorgWarner Inc.’s operating income and net earnings in the first quarter grew 11% to $293 million and 15% to $180 million, respectively.
Sales for the Auburn Hills, Mich.-based powertrain component supplier rose 6% to $2.4 billion for the period. Revenue by the company’s engine segment advanced 7% to $1.5 billion. Drivetrain operations grew 5% to $925 million.
BorgWarner reiterates its full-year guidance, which expects sales to rise 3.5%-6% and net earnings to be between $3.50 and $3.60 per diluted share.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.