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US: BorgWarner predicts 30-40% earnings growth in 2011

BorgWarner has reported a strong end to 2010, with Q4 revenue at a record US$1,533.4m – 28.0% ahead of the Q4 2009 figure of US$1,198.3m and operating income of US$157.4m, a healthy margin of 10.3% (Q4 2009: US$67.3m (5.6%)). The company is predicting 16% to 20% year-on-year revenue growth in 2011, It’s time to log … Continued

BorgWarner has reported a strong end to 2010, with Q4 revenue at a record US$1,533.4m – 28.0% ahead of the Q4 2009 figure of US$1,198.3m and operating income of US$157.4m, a healthy margin of 10.3% (Q4 2009: US$67.3m (5.6%)).

The company is predicting 16% to 20% year-on-year revenue growth in 2011,

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