BorgWarner tops quarterly estimates on drivetrain demand
BorgWarner reported quarterly adjusted profit of $1.24 per share on sales of $3.53 billion. Strong drivetrain demand helped the supplier beat analyst estimates.
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BORGWARNER INC reported first-quarter adjusted earnings of $1.24 per share, beating analyst estimates of $1.17. Total sales rose to $3.53 billion, exceeding the $3.49 billion projected by LSEG data. The results demonstrate continued strength in traditional combustion components as automakers sustain demand for efficient gas-powered engines.
