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Revenue: US$3.45b (down 4.8% from 3Q 2023).
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Net income: US$242.0m (up 178% from 3Q 2023).
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Profit margin: 7.0% (up from 2.4% in 3Q 2023). The increase in margin was driven by lower expenses.
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EPS: US$1.09 (up from US$0.37 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company’s share price is broadly unchanged from a week ago.
Before you take the next step you should know about the 2 warning signs for BorgWarner that we have uncovered.
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