Brief: Borgwarner On Track To Achieve Milestone Of $4 Billion Of Electric Vehicle Revenue By 2025

BorgWarner

27/10/2022 11:38

Oct 27 (Reuters) - Borgwarner Inc  BWA.N :
    * BORGWARNER ON TRACK TO ACHIEVE MILESTONE OF $4 BILLION OF
ELECTRIC VEHICLE REVENUE BY 2025
    * Q3 SALES ROSE 19 PERCENT TO $4.06 BILLION
    * QTRLY GAAP NET EARNINGS OF $1.16 PER DILUTED SHARE
    * QTRLY ADJUSTED NET EARNINGS WERE $1.24 PER DILUTED SHARE
    * SEES FY 2022 NET SALES IN THE RANGE OF $15.4 BILLION TO
$15.7
BILLION
    * SEES FY 2022 WEIGHTED LIGHT AND COMMERCIAL VEHICLE MARKETS
TO
INCREASE IN THE RANGE OF APPROXIMATELY 3% TO 4.5%
    * SEES FY 2022 OPERATING MARGIN TO BE IN THE RANGE OF 8.6%
TO 8.9%
    * SEES FY 2022 NET EARNINGS TO BE WITHIN A RANGE OF $3.71 TO
$3.91
PER DILUTED SHARE
    * SEES FY 2022 ADJUSTED NET EARNINGS TO BE WITHIN A RANGE OF
$4.25
TO $4.45 PER DILUTED SHARE
    * FULL-YEAR OPERATING CASH FLOW IS EXPECTED TO BE IN THE
RANGE OF
$1,450 MILLION TO $1,500 MILLION
    * COMPANY CONTINUES TO EXPECT ITS 2022 ELECTRIC VEHICLE
REVENUE TO
GROW TO APPROXIMATELY $850 MILLION
    * COMPANY NOW EXPECTS DC FAST CHARGING RELATED REVENUE IN
THE
RANGE OF $225 MILLION TO $275 MILLION BY 2025
    * Q3 EARNINGS PER SHARE VIEW $1.04, REVENUE VIEW $3.98
BILLION --
REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW $4.23, REVENUE VIEW $15.61
BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPnbhxXJZa 
Further company coverage:  BWA.N 
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