DETROIT -- Third-quarter net income for auto supplier BorgWarner Inc. more than doubled to $185 million, driven by sales gains and sharply lower one-time expenses compared with last year.
The turbocharger and emissions system supplier's revenue rose 9.1 percent to $2.4 billion. Some of the sales gain was offset by the divestiture of the company's Remy light-vehicle aftermarket business, decreasing sales by $68 million in the third quarter 2017, the company said in a statement Thursday.
The company said its one-time charges and nongeneral expenses fell to $22 million compared with $111 million during the same quarter last year.
Revenue from the drivetrain unit shot up 6.5 percent to $922 million.
The engine division's revenue increased 7 percent to $1.5 billion.
As part of a strategy to restructure and increase profitability in the supplier's engine unit, BorgWarner paid $12.6 million in the third quarter and expects additional restructuring.
The company also said it will be supplying cabin heating technology for a new electric vehicle for a "globally known" EV automaker and an engine timing system for Renault's 1.0-liter Kwid in Brazil.
BorgWarner's earnings jumped to 88 cents per diluted share from 39 cents per diluted share in the third quarter. The company upped its full-year forecast for 2017, expecting net earnings to be $3.81-$3.83 per diluted share.
The company expects organic net sales growth of 9 to 9.5 percent, geared by its acquisition of U.K. manufacturer Sevcon last quarter that it expects will up fourth-quarter sales by $15 million.