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BorgWarner lifts annual sales forecast on stronger foreign currency, tariff-driven recovery
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BorgWarner lifts annual sales forecast on stronger foreign currency, tariff-driven recovery
May 26, 2025 2:40 AM

May 7 (Reuters) - Auto parts supplier BorgWarner ( BWA )

on Wednesday raised its annual sales outlook, citing expectation

of stronger foreign exchange and tariff-fueled customer

recoveries.

Shares of the company rose about 3% in premarket trade.

U.S. President Donald Trump's vacillating tariff policy has

disrupted companies across sectors, particularly in the

import-heavy auto industry.

Industry peer Magna plans to implement cost-saving

measures to cushion a hit from the tariffs, while Dublin-based

Aptiv's ( APTV ) forecast second-quarter profit above estimates.

BorgWarner ( BWA ) now expects annual net sales to be in the range

of $13.6 billion to $14.2 billion, compared to its prior

expectation of between $13.4 billion and $14.0 billion.

The company said it expects stronger foreign currencies to

lead to an increase in sales of $250 million compared to its

prior forecast.

On an adjusted basis, BorgWarner ( BWA ) earned $1.11 per share in

the first quarter ended March 31, compared with analysts'

estimates of 98 cents per share, according to data compiled by

LSEG.

Overall quarterly sales fell about 2% to $3.5 billion from a

year earlier, but outperformed estimates of $3.4 billion.

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