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BorgWarner Inc (BWA.N)

BWA.N on New York Stock Exchange

36.81USD
21 May 2019
Change (% chg)

$0.87 (+2.42%)
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$35.94
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Volume
507,039
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$53.27
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Latest Key Developments (Source: Significant Developments)

BorgWarner Agrees To Form Joint Venture With Romeo Power Technology
Tuesday, 7 May 2019 

May 7 (Reuters) - BorgWarner Inc ::BORGWARNER INC - AGREES TO FORM JOINT VENTURE WITH ROMEO POWER TECHNOLOGY.BORGWARNER INC - NEW JOINT VENTURE WILL BE SPLIT 60/40 WITH BORGWARNER OBTAINING LARGER SHARE..BORGWARNER INC - WILL ALSO TAKE A 20 PERCENT EQUITY POSITION IN ROMEO POWER TECHNOLOGY AND WILL FILL TWO SEATS ON ITS BOARD.BORGWARNER INC - EQUITY INVESTMENT AND JOINT VENTURE ARE EXPECTED TO CLOSE IN Q2 OF 2019.BORGWARNER INC - JOINT VENTURE WILL ENCOMPASS MOBILITY PORTION OF BATTERY PACK BUSINESS, INITIALLY FOCUSED ON PERFORMANCE AND LIGHT VEHICLES.  Full Article

BorgWarner Sets Quarterly Cash Dividend Of $0.17 Per Share
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17PER SHARE.  Full Article

BorgWarner To Sell Thermostat Business To Arlington Industries Group
Friday, 4 Jan 2019 

Jan 4 (Reuters) - BorgWarner Inc ::PRESS RELEASE - BORGWARNER AGREES TO SELL THERMOSTAT BUSINESS TO ARLINGTON INDUSTRIES GROUP.BORGWARNER INC - PURCHASE PRICE OF TRANSACTION IS APPROXIMATELY EUR 24 MILLION.BORGWARNER INC - COMPANY WILL INCUR A BOOK LOSS ON SALE OF APPROXIMATELY $20-30 MILLION..BORGWARNER INC - FULL YEAR SALES OF THERMOSTAT BUSINESS FOR 2018 ARE EXPECTED TO BE ABOUT EUR 110 MILLION.BORGWARNER INC - TRANSACTION IS LIMITED TO THERMOSTAT BUSINESS ONLY AND DOES NOT AFFECT OTHER BORGWARNER PRODUCTS OR TECHNOLOGIES.  Full Article

Borgwarner Sets Quarterly Cash Dividend Of $0.17Per Share
Thursday, 26 Jul 2018 

BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17PER SHARE.  Full Article

Borgwarner Posts Q2 Adj. Earnings Per Share $1.18
Thursday, 26 Jul 2018 

July 26 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS SECOND QUARTER 2018 U.S. GAAP NET EARNINGS OF $1.30 PER DILUTED SHARE, OR $1.18 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q2 EARNINGS PER SHARE $1.18 EXCLUDING ITEMS.Q2 GAAP EARNINGS PER SHARE $1.30.Q2 SALES $2.694 BILLION VERSUS I/B/E/S VIEW $2.72 BILLION.Q2 EARNINGS PER SHARE VIEW $1.10 -- THOMSON REUTERS I/B/E/S.SEES Q3 2018 EARNINGS PER SHARE $1.03 TO $1.06.SEES FY 2018 SALES $10.64 BILLION TO $10.75 BILLION.INCREASED ITS 2018 FULL YEAR ORGANIC GROWTH GUIDANCE..SEES FULL YEAR ORGANIC SALES GROWTH OF APPROXIMATELY 6.0% TO 7.0%.Q3 NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $1.03 TO $1.06 PER DILUTED SHARE.BORGWARNER - FOREIGN CURRENCIES ARE EXPECTED TO INCREASE SALES BY $220 MILLION, DUE TO APPRECIATION OF EURO AND CHINESE YUAN IN 2018.BORGWARNER - SEES FULL YEAR 2018 NET EARNINGS ARE NOW EXPECTED TO BE WITHIN A RANGE OF $4.45 TO $4.50 PER DILUTED SHARE.Q3 EARNINGS PER SHARE VIEW $1.05, REVENUE VIEW $2.64 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $4.38, REVENUE VIEW $10.89 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Borgwarner Posts Q4 Adj. Earnings Per Share $1.07
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Borgwarner Inc ::BORGWARNER REPORTS FOURTH QUARTER 2017 U.S. GAAP NET LOSS OF $(0.70) PER BASIC SHARE, OR EARNINGS OF $1.07 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q4 SALES ROSE 14.5 PERCENT TO $2.586 BILLION.Q4 EARNINGS PER SHARE $1.07 EXCLUDING ITEMS.SEES FY 2018 SALES $10.52 BILLION TO $10.69 BILLION.Q4 GAAP LOSS PER SHARE $0.70.Q4 EARNINGS PER SHARE VIEW $1.01, REVENUE VIEW $2.52 BILLION -- THOMSON REUTERS I/B/E/S.MAINTAINS FULL YEAR ORGANIC GROWTH AND MARGIN GUIDANCE RANGE.FY2018 REVENUE VIEW $10.53 BILLION -- THOMSON REUTERS I/B/E/S.‍COMPANY HAS REAFFIRMED ITS 2018 Q1 ORGANIC GROWTH GUIDANCE​.BORGWARNER SAYS RECOGNIZED INCOME TAX EXPENSE OF $273.5 MILLION IN YEAR ENDED DEC 31, 2017.‍FOREIGN CURRENCIES ARE EXPECTED TO INCREASE 2018 SALES BY $170 MILLION​.SEES FY 2018 NET EARNINGS TO BE WITHIN A RANGE OF $4.25 TO $4.35 PER DILUTED SHARE.‍FOREIGN CURRENCIES ARE EXPECTED TO INCREASE Q1 2018 SALES BY $100 MILLION​.SEES Q1 2018 NET EARNINGS TO BE WITHIN A RANGE OF $0.99 TO $1.03 PER DILUTED SHARE.FY2018 EARNINGS PER SHARE VIEW $4.32 -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $1.05 -- THOMSON REUTERS I/B/E/S.  Full Article

Borgwarner says ‍board declared a 21 pct increase in quarterly cash dividend to $0.17 per share of common stock​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Borgwarner Inc :Borgwarner Inc says ‍board declared a 21% increase in quarterly cash dividend to $0.17 per share of common stock​.  Full Article

Borgwarner Q3 earnings per share view $0.88 -- thomson reuters i/b/e/s
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Borgwarner Inc :Borgwarner reports third quarter 2017 U.S. GAAP net earnings of $0.88 per diluted share, or $0.95 per diluted share excluding non-comparable items.Q3 earnings per share $0.95 excluding items.Q3 gaap earnings per share $0.88.Q3 sales $2.416 billion versus I/B/E/S view $2.26 billion.Q3 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.Sees Q4 2017 earnings per share $0.99 to $1.01.Borgwarner Inc sees ‍full year 2017 net sales expected to be $9.67 billion - $9.70 billion​.Says for Q4 2017, ‍foreign currencies are expected to increase sales by approximately $85 million​.Borgwarner Inc - sees full year 2017 ‍net earnings to be within a range of $3.81 to $3.83 per diluted share​.  Full Article

Sevcon stockholders approve acquisition by Borgwarner
Saturday, 23 Sep 2017 

Sept 22 (Reuters) - Sevcon Inc :Sevcon stockholders approve acquisition by Borgwarner.Sevcon Inc - ‍Holders of more than 99% of Sevcon's common stock present at meeting voted in favor of approving and adopting merger​.Sevcon Inc - ‍Closing of acquisition with Borgwarner​ is expected to occur on or about September 27, 2017.  Full Article

Sevcon says Louis Scarantino filed purported stockholder class action lawsuit against co
Friday, 25 Aug 2017 

Aug 24 (Reuters) - Borgwarner Inc :Sevcon Inc - ‍On Aug 22, Louis Scarantino filed purported stockholder class action lawsuit against co,directors,Borgwarner, and one of its unit in court.Sevcon- ‍Plaintiff alleges co's prelim proxy statement filed on Aug 8 omits/ misrepresents material info regarding some financial data.Sevcon- ‍Plaintiff also alleges prelim proxy statement omits/ misrepresents material info regarding some analyses underlying Rothschild Inc's opinion.  Full Article

BorgWarner to take 20 percent stake in battery packs supplier Romeo Power

BorgWarner Inc said on Tuesday it would take a 20 percent stake for an undisclosed amount in battery module and pack supplier Romeo Power Technology, as the U.S. auto parts maker looks to expand its products portfolio for electric vehicles.