BorgWarner has unveiled second-quarter net sales up 2.6% to US$2.4bn, compared to the same period a year ago.
Excluding the impact of foreign currencies and the sale of the Remy light vehicle aftermarket business, net sales were up 7.8% compared with second quarter, 2016.
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For the first six months of 2017, net sales were US$4.8bn, up 4.3% from US$4.6bn in the first six months of 2016. Net earnings in the first six months of 2017 were US$401m.
The supplier has increased its 2017 full-year organic growth guidance, with net sales expected to be US$9.28bn-US$9.38bn, implying organic net sales growth of 6.5% to 7.5%.
Foreign currencies are expected to lower sales by around US$100m, due to the depreciation of the euro, yuan and pound.
The divested Remy light vehicle aftermarket business contributed net sales of around US$255m last year.
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By GlobalDataNet earnings are now expected to be within a range of US$3.65 to US$3.70 per diluted share, with the increase in guidance primarily due to higher than previously expected sales.
