As the pandemic started to impact the North American supply chain, BorgWarner said it was reassessing its previous full-year guidance, which had forecast net sales of $9.75 billion to $10.08 billion. Operating cash flow was expected to be $1.25 billion, and full-year free cash flow was expected to be $675 million to $725 million.
BorgWarner updated its guidance Wednesday, with net sales now expected to be $7.25 billion to $8 billion. Full-year operating cash flow is expected to be $530 million to $780 million, and free cash flow is expected to be $100 million to $300 million.
“Due to the impact of COVID-19/coronavirus, global light-vehicle production expectations remain volatile,” BorgWarner said in a statement.
The updated guidance excludes the potential impact from BorgWarner’s acquisition of Delphi Technologies, which the supplier announced Jan. 28. The $1.5 billion merger deal is expected to help position the two suppliers for the future as they have long been navigating…