September 28, 2023

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BorgWarner boosts Q3 sales – Just Auto

BorgWarner boosts Q3 sales

BorgWarner said Q3 2021 product sales rose 35% calendar year on calendar year to $three,416m. Earnings had been $.40 for each share, working income $253m and adjusted working income $311m.

BW said the acquisition of Delphi Systems and enhanced desire for its personal products and solutions “more than offset the drop in sector production”.

Web earnings for the 3rd quarter 2021 had been $96m, down from $111m/$.53 for each share in Q3 2020.

For whole calendar year 2021, product sales are envisioned to be in the vary of $fourteen.4bn to $fourteen.7bn,  a calendar year on calendar year increase of 8.5% to eleven%.

Operating margin is envisioned concerning 7.nine% and 8.7%.

Web earnings are forecast at $two.07 to $two.fifty five for each share.