BorgWarner’s Profits Climb 12%

BorgWarner Inc. reports first-quarter net earnings of $159 million compared with $142 million in January-March 2013.

Revenue for the maker of turbochargers and other powertrain components rose 13% to $2.1 billion. Operating income climbed 17% to $233 million.

BorgWarner raised its full-year sales growth forecast to 12%-15% from the previous 7%-11%, in part because of its acquisition of German engine component maker Gustav Wahler GmbH.

The company now expects full-year earnings per share of $3.15-$3.30 compared with its earlier guidance of $3.10-$3.25.