Form 8-K BORGWARNER INC For: Feb 12

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Go back to Form 8-K BORGWARNER INC For: Feb 12

Borgwarner (BWA) Reports In-Line Q4 EPS; Approves $1B Buyback Plan

February 12, 2015 8:50 AM EST

Borgwarner (NYSE: BWA) reported Q4 EPS of $0.75, in-line with the analyst estimate of $0.75. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $2.02 billion.

Comment and Outlook: "2014 was a remarkably positive year for our company," said James R. Verrier, President and Chief Executive Officer, BorgWarner. "Global adoption of our advanced powertrain technology, combined with the Wahler acquisition, drove strong net sales growth of 11.7%. Furthermore, we delivered an impressive 12.9%... More