WASHINGTON (dpa-AFX) - While reporting financial results for the first
quarter on Thursday, technology solutions provider BorgWarner Inc. (BWA) raised
its earnings and adjusted earnings for the full-year 2024, while maintaining
annual net sales outlook.

For fiscal 2024, the company now projects earnings in a range of $3.54 to $3.86
per share and adjusted earnings in a range of $3.80 to $4.15 per share on net
sales between $14.4 billion an $14.9 billion, implying year-over-year organic
sales growth of 2 to 5 percent.

Previously, the company expected earnings in a range of $3.56 to $3.88 per share
and adjusted earnings in a range of $3.65 to $4.00 per share on net sales
between $14.4 billion an $14.9 billion, implying year-over-year organic sales
growth of 1 to 5 percent.

On average, 19 analysts polled by Thomson Reuters expect the company to report
earnings of $3.90 per share on revenues of $14.76 billion for the year.
Analysts' estimates typically exclude special items.

BorgWarner also announced that its Board of Directors has authorized an
additional share repurchase program of up to $500 million to be executed over
the next three years.

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