* Expects sales to grow 12-15 percent in 2014
* Expects 2014 earnings $3.15-$3.30/share vs est $3.30
* 1st-quarter adj earnings $0.83/share vs est $0.80
* Revenue rises 13 percent to $2.08 bln
(Adds earnings forecast, analyst estimates, share price)
May 1 Auto parts maker BorgWarner Inc
raised its 2014 earnings forecast after posting a
better-than-expected first-quarter profit due to strong demand
for turbochargers, all-wheel drive systems and dual clutch
The company expects full-year earnings of $3.15-$3.30 per
share, up from $3.10-$3.25 per share it forecast earlier.
Analysts on average were expecting $3.30 per share, according to
Thomson Reuters I/B/E/S.
BorgWarner is one of the biggest suppliers of turbocharging
technology, which has been increasingly used by automakers
including Ford Motor Co and Hyundai Motor Co,
to boost fuel economy and meet stricter gas mileage and
BorgWarner also raised its full-year sales growth forecast
mainly to include the impact of the acquisition of Germany's
Gustav Wahler in December. The sales growth forecast is now
12-15 percent, up from 7 to 11 percent.
Gustav Wahler makes exhaust gas recirculation valves, tubes
Net income attributable to BorgWarner rose 12 percent to
$159.1 million, or 69 cents per share, in the quarter ended
March 31, from $142 million, or 61 cents per share.
Excluding one-time items, BorgWarner earned 83 cents a
share, 3 cents above the average analyst estimate.
Revenue rose 13 percent to $2.08 billion, still short of the
$2.09 billion estimate.
The Auburn Hills, Michigan-based company's shares closed at
$62.14 on the New York Stock Exchange on Wednesday.
(Reporting by Mridhula Raghavan in Bangalore; Editing by Rodney
Joyce and Don Sebastian)