BorgWarner (BWA) Tops Q4 EPS by 6c

BorgWarner (NYSE: BWA) reported Q4 EPS of $1.07, $0.06 better than the analyst estimate of $1.01. Revenue for the quarter came in at $2.59 billion versus the consensus estimate of $2.52 billion.

First Quarter 2018 Guidance:

The company has reaffirmed its 2018 first quarter organic growth guidance. The company expects organic net sales growth of 3.0% to 5.5%, compared with first quarter 2017 net sales of $2.41 billion. Foreign currencies are expected to increase sales by $100 million. The acquisition of Sevcon will increase sales by approximately $15 million. Net earnings are expected to be within a range of $0.99 to $1.03 per diluted share, with the increase in guidance primarily due to a lower tax rate assumption and larger benefit from foreign currencies.

For earnings history and earnings-related data on BorgWarner (BWA) click here.

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