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BorgWarner Inc (BWA.N)

BWA.N on New York Stock Exchange

36.77USD
20 Sep 2019
Change (% chg)

$-0.26 (-0.70%)
Prev Close
$37.03
Open
$37.12
Day's High
$37.61
Day's Low
$36.50
Volume
1,261,791
Avg. Vol
429,479
52-wk High
$46.92
52-wk Low
$30.73

Latest Key Developments (Source: Significant Developments)

BorgWarner Reports Second Quarter 2019 GAAP Net Earnings Of $0.83 Per Diluted Share
Thursday, 25 Jul 2019 

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.  Full Article

BorgWarner Sets Quarterly Cash Dividend Of $0.17 Per Share
Thursday, 25 Jul 2019 

July 25 (Reuters) - BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17PER SHARE.  Full Article

BorgWarner Reports First Quarter Earnings Per Share Of $0.77
Thursday, 25 Apr 2019 

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.  Full Article

BorgWarner Sets Quarterly Cash Dividend Of $0.17 Per Share
Thursday, 25 Apr 2019 

April 25 (Reuters) - BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17PER SHARE.  Full Article

BorgWarner Appoints Kevin Nowlan As CFO
Tuesday, 19 Mar 2019 

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.  Full Article

BorgWarner - Rinehart Motion Systems And Am Racing Have Been Acquired By Borgwarner
Tuesday, 19 Feb 2019 

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.  Full Article

Borgwarner Reports Fourth Quarter 2018 Results
Thursday, 14 Feb 2019 

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.  Full Article

BorgWarner Reports Q3 Earnings Per Share $1.00 Excluding Items
Thursday, 25 Oct 2018 

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.  Full Article

Ronald Hundzinski, Chief Financial Officer, To Retire From Borgwarner
Friday, 19 Oct 2018 

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.  Full Article

Borgwarner Appoints Frederic Lissalde CEO
Thursday, 7 Jun 2018 

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.  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.