BorgWarner Trims 2018 Guidance, Sets 2023 Targets With 6% Annualized Organic Revenue Growth
At its annual investor day, narrow-moat-rated BorgWarner trimmed its 2018 guidance and set 2023 targets including 7% annualized revenue growth and margin expansion of roughly 90 basis points from 2017. The change in 2018 guidance included reduced revenue in a range of $10.49 billion-$10.58 billion, down from prior guidance of $10.64 billion-$10.75 billion. Earnings per share before special items, or EPS, guidance is now in a range of $4.35-$4.40, a reduction of $0.10 from previous guidance of $4...BorgWarner is a holding company. Through its subsidiaries, the company is a global product provider in technology solutions for combustion, hybrid and electric vehicles. The company manufactures and sells these products worldwide, primarily to original equipment manufacturers of light vehicles (passenger cars, sport-utility vehicles, vans and light trucks). The company's segments are: Engine, which provides turbochargers, eBoosters, timing systems, emissions systems, thermal systems, gasoline ignition technology, cabin heaters, battery heaters and battery charging; and Drivetrain, which provides rotating electrical components, power electronics, clutching systems, control modules and all-wheel drive systems.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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