According to BorgWarner Inc. (NYSE: BWA) management, the outlook for the auto industry worsened in the past few months. But you wouldn’t know it from the company’s second-quarter results released on Thursday. BorgWarner is outperforming its end markets, and to such an extent that management felt compelled to raise full-year sales and earnings guidance.
Let’s take a look at a strong quarter for the engine and drivetrain company.
First, a look at the headline numbers: