Key Developments: BorgWarner Inc (BWA)
9 Dec 2013
Latest Key Developments (Source: Significant Developments)
BorgWarner Inc. Issues FY 2012 EPS Guidance Above Analysts' Estimates; Comments On FY 2012 Revenue Guidance
BorgWarner Inc. announced that for fiscal 2012, it expects net earnings of $5.35-$5.65 per diluted share (EPS) and reported sales growth of 10%-12% compared with fiscal 2011 sales guidance. Excluding the negative impact of foreign currencies, the Company expects sales growth of 14%-16%. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $5.21 on revenue of $7.99 billion for fiscal 2012. Full Article
- Automotive engine and drivetrain components maker BorgWarner Inc expects net new powertrain business of $2.9 billion for the next three years, as automakers increasingly rely on fuel-saving technologies such as turbochargers.