July 25 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS SECOND QUARTER 2019 U.S. GAAP NET EARNINGS OF $0.83 PER DILUTED SHARE, OR $1.00 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q2 ADJUSTED EARNINGS PER SHARE $1.00.Q2 GAAP EARNINGS PER SHARE $0.83.Q2 SALES $2.551 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.53 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.00 -- REFINITIV IBES DATA.SEES FY 2019 SALES $9.94 BILLION TO $10.18 BILLION.GLOBAL LIGHT VEHICLE PRODUCTION EXPECTATIONS REMAIN VOLATILE, PARTICULARLY IN CHINA.EXPECTS A Q3 2019 ORGANIC NET SALES CHANGE IN RANGE OF DOWN 1.5% TO UP 1.5%.COMPANY EXPECTS ITS MARKET TO DECLINE IN RANGE OF 3.5% TO 5.0% IN 2019.FOREIGN CURRENCIES ARE EXPECTED TO DECREASE YEAR-OVER-YEAR Q3 SALES BY $25 MILLION.2019 FULL-YEAR FREE CASH FLOW IS EXPECTED TO BE IN RANGE OF $525 MILLION TO $575 MILLION.EXCLUDING IMPACT OF NON-COMPARABLE ITEMS, Q3 ADJUSTED. NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $0.83 TO $0.90 PER DILUTED SHARE.Q3 EARNINGS PER SHARE VIEW $1.02, REVENUE VIEW $2.51 BILLION -- REFINITIV IBES DATA.EXCLUDING IMPACT OF NON-COMPARABLE ITEMS, FY ADJUSTED. NET EARNINGS EXPECTED TO BE $3.75 TO $4.00 PER DILUTED SHARE.FY2019 REVENUE VIEW $10.20 BILLION -- REFINITIV IBES DATA.IN FY, COMPANY EXPECTS ITS MARKET TO DECLINE IN RANGE OF 3.5% TO 5.0% IN 2019.
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July 25 (Reuters) - BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17PER SHARE.
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April 25 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS FIRST QUARTER 2019 U.S. GAAP NET EARNINGS OF $0.77 PER DILUTED SHARE, OR $1.00 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q1 GAAP EARNINGS PER SHARE $0.77.Q1 SALES $2.566 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.47 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.94 -- REFINITIV IBES DATA.Q1 ADJUSTED EARNINGS PER SHARE $1.00 EXCLUDING ITEMS.SEES FY 2019 SALES $9.9 BILLION TO $10.37 BILLION.MAINTAINS FULL YEAR ADJUSTED. EPS GUIDANCE OF $4.00-$4.35.PLANS TO TAKE ACTIONS EXPECTED TO RESULT IN RESTRUCTURING COSTS IN $80 MILLION TO $100 MILLION RANGE THROUGH END OF 2020.ANNUAL GROSS COST REDUCTION IS EXPECTED TO BE IN RANGE OF $40 MILLION TO $50 MILLION BY 2021.COMPANY EXPECTS ITS MARKET TO DECLINE IN RANGE OF 2.0% TO 5.0% IN 2019.REAFFIRMED ITS 2019 FULL YEAR GUIDANCE.COMPANY EXPECTS A Q2 2019 ORGANIC NET SALES CHANGE IN RANGE OF DOWN 2.5% TO FLAT.FOREIGN CURRENCIES ARE EXPECTED TO DECREASE SALES BY $100 MILLION FOR Q2.DIVESTITURE OF THERMOSTAT PRODUCT LINE WILL DECREASE SALES BY APPROXIMATELY $33 MILLION IN Q2.EXCLUDING IMPACT OF NON-COMPARABLE ITEMS, Q2 ADJUSTED. NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $0.99 TO $1.05 PER DILUTED SHARE.BORGWARN- ACTIONS TO REDUCE EXISTING STRUCTURAL COSTS EXPECTED TO RESULT IN RESTRUCTURING COSTS IN $80 MILLION TO $100 MILLION RANGE THROUGH END OF 2020.ANNUAL GROSS COST REDUCTION IS EXPECTED TO BE IN RANGE OF $40 MILLION TO $50 MILLION BY 2021.
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April 25 (Reuters) - BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17PER SHARE.
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March 19 (Reuters) - BorgWarner Inc ::BORGWARNER APPOINTS KEVIN A. NOWLAN CHIEF FINANCIAL OFFICER.BORGWARNER INC - THOMAS MCGILL WILL SUCCEED ANTHONY HENSEL AS VICE PRESIDENT AND CONTROLLER, EFFECTIVE APRIL 1, 2019.BORGWARNER INC - NOWLAN COMES TO BORGWARNER FROM MERITOR INC.
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Feb 19 (Reuters) - BorgWarner Inc ::BORGWARNER FORMS CASCADIA MOTION LLC, MAKES ACQUISITIONS.BORGWARNER - RINEHART MOTION SYSTEMS AND AM RACING HAVE BEEN ACQUIRED BY BORGWARNER AND MERGED INTO A NEW, WHOLLY-OWNED COMPANY, CASCADIA MOTION LLC.
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Feb 14 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS FOURTH QUARTER 2018 U.S. GAAP NET EARNINGS OF $1.10 PER DILUTED SHARE, OR EARNINGS OF $1.21 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q4 GAAP EARNINGS PER SHARE $1.10.Q4 SALES $2.573 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.55 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $1.07 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $4.00 TO $4.35.Q4 EARNINGS PER SHARE $1.21 EXCLUDING ITEMS.SEES FY 2019 SALES $9.9 BILLION TO $10.37 BILLION.EXPECTS 2019 NET ORGANIC SALES CHANGE OF APPROXIMATELY DOWN 2.5% TO UP 2.0%.FY2019 EARNINGS PER SHARE VIEW $4.56, REVENUE VIEW $10.81 BILLION -- REFINITIV IBES DATA.COMPANY HAS PROVIDED ITS INITIAL 2019 FULL YEAR GUIDANCE.EXPECTS ITS LIGHT VEHICLE MARKET EXPOSURE TO DECLINE BY 2.0% TO 5.0% IN 2019..FOREIGN CURRENCIES ARE EXPECTED TO DECREASE SALES BY $280 MILLION IN 2019.2019 NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $4.00 TO $4.35 PER DILUTED SHARE.Q1 NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $0.92 TO $0.96 PER DILUTED SHARE.EXPECTS A Q1 2019 ORGANIC NET SALES DECLINE OF 5.5% TO 7.5%.FOREIGN CURRENCIES ARE EXPECTED TO DECREASE SALES BY APPROXIMATELY $130 MILLION IN Q1.Q1 EARNINGS PER SHARE VIEW $1.13 -- REFINITIV IBES DATA.
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Oct 25 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS THIRD QUARTER 2018 U.S. GAAP NET EARNINGS OF $0.98 PER DILUTED SHARE, OR $1.00 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q3 EARNINGS PER SHARE $1.00 EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.98.Q3 SALES $2.479 BILLION VERSUS I/B/E/S VIEW $2.45 BILLION.Q3 EARNINGS PER SHARE VIEW $0.99 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 SALES $10.49 BILLION TO $10.58 BILLION.MAINTAINS FULL YEAR ORGANIC GROWTH AND EPS GUIDANCE.FY2018 EARNINGS PER SHARE VIEW $4.38, REVENUE VIEW $10.54 BILLION -- THOMSON REUTERS I/B/E/S.FULL YEAR NET SALES ARE EXPECTED TO BE IN RANGE OF $10.49 BILLION TO $10.58 BILLION.FOR 2018 FOREIGN CURRENCIES EXPECTED TO INCREASE SALES BY $192 MILLION, DUE TO APPRECIATION OF EURO AND CHINESE YUAN..ACQUISITION OF SEVCON WILL INCREASE SALES BY APPROXIMATELY $57 MILLION FOR 2018.
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Oct 19 (Reuters) - BorgWarner Inc ::RONALD T. HUNDZINSKI, CURRENT CHIEF FINANCIAL OFFICER, TO RETIRE FROM BORGWARNER.SAYS THOMAS J. MCGILL APPOINTED INTERIM CFO.SAYS CFO RONALD T. HUNDZINSKI TO RETIRE.BORGWARNER - INITIATED SEARCH PROCESS, WHICH INCLUDES HIRING AN EXTERNAL SEARCH FIRM, TO CONSIDER INTERNAL AND EXTERNAL CANDIDATES FOR CFO POSITION.
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June 7 (Reuters) - BorgWarner Inc ::BORGWARNER APPOINTS FREDERIC LISSALDE CHIEF EXECUTIVE OFFICER.SAYS CEO AND PRESIDENT JAMES VERRIER RESIGNED.APPOINTS FREDERIC LISSALDE CHIEF EXECUTIVE OFFICER.
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