- BorgWarner's (BWA +0.4%) Q4 loss included a one-time $411M charge related to asbestos claims. Management thinks the company is working its way past the asbestos disruption.
- Looking ahead, the company says it expects FY17 sales of $8.81B-$9.04B off of organic sales growth of 3.5% to 6.0%.
- On the capital allocation front, the board approves a 10M share buyback program.
- Previously: BorgWarner beats by $0.01, misses on revenue (Feb. 9)
BorgWarner reiterates 2017 guidance
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| Symbol | Last Price | % Chg |
|---|---|---|
| BWA | - | - |
| BorgWarner Inc. | ||