Borgwarner, Inc. (BWA) Tops Q2 EPS by 12c; Lifts Outlook
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Borgwarner, Inc. (NYSE: BWA) reported Q2 EPS of $1.50, $0.12 better than the analyst estimate of $1.38. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.89 billion.
Borgwarner, Inc. sees FY2013 EPS of $5.40-$5.55, versus prior guidance of $5.15-$5.45 and the consensus of $5.37.
"Outstanding performance by our operations drove our strong second quarter results," said James Verrier, President and CEO of BorgWarner. "The focus on fuel economy and improved emissions continued to drive growth for BorgWarner around the world. Excluding the favorable impact of foreign currencies and 2012 dispositions, our net sales were up approximately 3% in the second quarter compared with second quarter 2012. Global light vehicle production was up 3% and European light vehicle production was up 1% in the same period. Operational efficiency and cost controls enabled us to post a record operating margin of 12.9% in the quarter."
For earnings history and earnings-related data on Borgwarner, Inc. (BWA) click here.
Borgwarner, Inc. sees FY2013 EPS of $5.40-$5.55, versus prior guidance of $5.15-$5.45 and the consensus of $5.37.
"Outstanding performance by our operations drove our strong second quarter results," said James Verrier, President and CEO of BorgWarner. "The focus on fuel economy and improved emissions continued to drive growth for BorgWarner around the world. Excluding the favorable impact of foreign currencies and 2012 dispositions, our net sales were up approximately 3% in the second quarter compared with second quarter 2012. Global light vehicle production was up 3% and European light vehicle production was up 1% in the same period. Operational efficiency and cost controls enabled us to post a record operating margin of 12.9% in the quarter."
For earnings history and earnings-related data on Borgwarner, Inc. (BWA) click here.
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