Brief: Borgwarner Reports Full Year 2022 Results Ahead Of Guidance

BorgWarner

09/02/2023 14:00

Feb 9 (Reuters) - Borgwarner Inc  BWA.N :
    * BORGWARNER REPORTS FULL YEAR 2022 RESULTS AHEAD OF
GUIDANCE,
EXPECTS 2023 ELECTRIC VEHICLE SALES OF $1.5 BILLION TO $1.8
BILLION
    * NET SALES ARE EXPECTED TO BE IN RANGE OF $16.7 BILLION TO
$17.5
BILLION  IN 2023
    * BELIEVES IT IS ALREADY ON TRACK TO ACHIEVE ABOUT $4.3
BILLION OF
ELECTRIC VEHICLE SALES BY 2025
    * EXPECTS ITS WEIGHTED LIGHT AND COMMERCIAL VEHICLE MARKETS
TO
INCREASE IN RANGE OF APPROXIMATELY 0% TO 3% IN 2023
    * EXPECTS 2023 ELECTRIC VEHICLE SALES TO GROW TO $1.5
BILLION TO
$1.8 BILLION
    * FOREIGN CURRENCIES ARE EXPECTED TO RESULT IN A
YEAR-OVER-YEAR
DECREASE IN SALES OF APPROXIMATELY $285 MILLION IN 2023
    * NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $3.81 TO
$4.13
PER DILUTED SHARE IN 2023
    * ADJUSTED NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF
$4.50
TO $5.00 PER DILUTED SHARE IN 2023
    * Q4 EARNINGS PER SHARE VIEW $1.08, REVENUE VIEW $3.90
BILLION --
REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW $4.40, REVENUE VIEW $15.59
BILLION -- REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $4.92, REVENUE VIEW $16.82
BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn3prx57a 
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