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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.
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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.
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