BorgWarner (BWA) reported Q1 adjusted earnings Wednesday of $1.11 per diluted share, up from $1.03 a year earlier. Analysts polled by FactSet expected $0.98.
Net sales for the quarter ended March 31 were $3.52 billion, compared with $3.60 billion a year earlier. Analysts polled by FactSet expected $3.41 billion.
The company said it now expects 2025 adjusted EPS of $4 to $4.45, from the previous range of $4.05 to $4.40. Analysts polled by FactSet expect $4.14. Net sales are now estimated at $13.60 billion to $14.20 billion, from $13.40 billion to $14 billion previously. Analysts polled by FactSet expect $13.71 billion.
BorgWarner also said it is set to implement portfolio actions to drive its profitability, including exiting its charging business in Q2 and the consolidation of its North American battery systems business.
Shares of BorgWarner were up over 3% in recent premarket activity Wednesday.
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