BorgWarner said Q3 2021 sales rose 35% year on year to $3,416m. Earnings were $0.40 per share, operating income $253m and adjusted operating income $311m.
BW said the acquisition of Delphi Technologies and increased demand for its own products “more than offset the decline in industry production”.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Net earnings for the third quarter 2021 were $96m, down from $111m/$0.53 per share in Q3 2020.
For full year 2021, sales are expected to be in the range of $14.4bn to $14.7bn, a year on year increase of 8.5% to 11%.
Operating margin is expected between 7.9% and 8.7%.
Net earnings are forecast at $2.07 to $2.55 per share.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
