Tuesday, September 18, 2018

BorgWarner Adjusts FY18 Adj. EPS Guidance; Issues 2023 Outlook - Quick Facts

BorgWarner Inc. (BWA) announced it has moderated 2018 organic growth guidance, due to weaker industry volumes primarily in China, with additional short-term issues in Europe. Full year net sales are now expected to be in the range of $10.49 billion to $10.58 billion. This implies organic sales growth of approximately 4.5% to 5.5%. Full year adjusted net earnings are now expected to be within a range of $4.35 to $4.40 per diluted share.

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