BorgWarner projects 2024 earnings of $4.15-$4.30 EPS and $14-$14.2 billion revenue amid growth.

BorgWarner, an auto parts manufacturer, has projected earnings per share (EPS) of $4.150-$4.300 and revenue of $14.0 billion-$14.2 billion for fiscal year 2024. Following a strong third quarter, where it reported an EPS of $1.19, the company raised its adjusted operating margin guidance and completed $400 million in share repurchases. BorgWarner also secured several new contracts, indicating positive growth prospects in the automotive sector.

October 31, 2024
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