BorgWarner Inc. reaffirmed earnings guidance for the full year of 2014; provides earnings guidance for the full year 2015. For the full year of 2014, the company expects net sales growth in 2014 compared with 2013, is now expected to be approximately 11.5%, down from a range of 12% to 13%, due to weaker foreign currencies and slightly softer than expected volumes. Net earnings guidance of $3.23 to $3.28 per diluted share, excluding non-recurring items, is unchanged.

For the full year of 2015, the company expects net sales growth of 2% to 6% compared with updated 2014 guidance. Excluding the impact of weaker foreign currencies, net sales growth is expected to be 9.5% to 12%. Net earnings of $3.35 to $3.55 per diluted share. Excluding the impact of weaker foreign currencies, net earnings are expected to be $3.60 to $3.75 per diluted share, up 11% to 14% compared with 2014 net earnings guidance of $3.23 to $3.28 per diluted share, excluding non-recurring items. Operating income as a percentage of net sales above 13%. Effective tax rate of 29%. Free cash flow within a range of $350 million to $400 million.