May 2 (Reuters) - Auto parts supplier BorgWarner ( BWA )
raised its full-year adjusted profit outlook on Thursday, aided
by sustained demand from its exhausts, turbos and emission
control systems.
BorgWarner ( BWA ), which supplies parts to Ford Motor ( F ) and
Volkswagen, develops and manufactures products to
improve fuel economy, EV powertrains, chargers and battery
systems, among other components.
The company has benefited from automakers rushing to put out
vehicles with smaller engines that are powerful and meet modern
emission norms.
BorgWarner ( BWA ) now expects its full-year adjusted profit per
share to be between $3.80 and $4.15, compared with its prior
outlook of $3.65 to $4.00.
On an adjusted basis, BorgWarner ( BWA ) earned $1.03 per share in
the quarter ended March 31, compared with LSEG estimates of 87
cents.
The company's first-quarter revenue rose about 6.3% from a
year earlier to $3.6 billion, compared with analysts' estimates
of about $3.51 billion.