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BorgWarner Inc Raises FY 2013 EPS Guidance; Lowers High End Of Prior FY 2013 Revenue Guidance; Reaffirms FY 2013 Operating Income Guidance


Wednesday, 30 Oct 2013 08:00am EDT 

BorgWarner Inc raised its earnings guidance for fiscal 2013 to a range of $5.55 to $5.65 per diluted share from a previous range of $5.40 to $5.55 per diluted share. Both the current guidance range and the previous guidance range exclude non-comparable items. Annual net sales growth is now expected to be 3% to 4% compared with 2012, or 4% to 5% net of 2012 dispositions, within the company's previous guidance range of 3% to 5% compared with 2012, or 4% to 6% net of 2012 dispositions. Operating income, as a percentage of net sales, is now expected to be 12% or better, excluding non-comparable items. Previously, operating income, as a percentage of net sales, was expected to be approximately 12%, excluding non-comparable items. The Company reported revenue of $7.183 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $7.50 billion, EPS of $5.54 and EBIT of $908 million for fiscal 2013. 

Company Quote

63.39
0.26 +0.41%
22 Apr 2014