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What: Motley Fool Stock Advisor pick BorgWarner
So what: Revenue was up 28% to $1.8 billion, and earnings per share reached $1.12, which crushed $0.99 estimates. In an industry under pressure from commodity prices and slow demand, BorgWarner is bucking the trend.
Now what: Management pointed to the increased demand for advanced powertrain technology and a focus on fuel economy as main drivers during the quarter, which resulted in organic sales growth of 15% compared with a 2% decline for the industry. Shares are pretty reasonably priced at 15 times forward earnings, and considering BorgWarner's momentum in the industry, I think shares have room to run.
Interested in more info on BorgWarner? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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