BorgWarner (BWA) Tops Q4 EPS by 13c, FY Guidance Misses

BorgWarner (NYSE: BWA) reported Q4 EPS of $1.21, $0.13 better than the analyst estimate of $1.08. Revenue for the quarter came in at $2.57 billion versus the consensus estimate of $2.55 billion.

GUIDANCE:

BorgWarner sees FY2019 EPS of $4.00-$4.35, versus the consensus of $4.57. BorgWarner sees FY2019 revenue of $9.8-10.37 billion, versus the consensus of $10.83 billion.

• The company expects a first quarter 2019 organic net sales decline of 5.5% to 7.5%, compared with first quarter 2018 net sales of $2,784 million. Foreign currencies are expected to decrease sales by approximately $130 million. Net earnings are expected to be within a range of $0.92 to $0.96 per diluted share.

(Street sees Q1 EPS of $1.13)

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

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