BorgWarner Inc.
42.83-0.72 (-1.65%)
Oct 29, 4:00:02 PM EDT · NYSE · BWA · USD
Key Stats
Market Cap
9.27BP/E (TTM)
40.41Basic EPS (TTM)
1.06Dividend Yield
0.01%Recent Filings
8-K
BorgWarner settles VAT dispute
BorgWarner settled its lawsuit against PHINIA over $120 million in VAT refunds, securing $78 million in payments: $31 million upfront on October 15, 2025, $21 million in January 2026, and the rest by December 1, 2026 upon collection. This resolves spin-off disputes but triggers a $38 million net charge in Q3 2025, labeled noncomparable. Settlement cuts receivables sharply. Yet, it clears lingering liabilities swiftly.
8-K
BorgWarner boosts Q2 results, dividend
BorgWarner reported Q2 2025 net sales of $3,638 million, up 1% year-over-year, with light vehicle eProduct sales surging 31% amid flat organic sales. Adjusted operating margin hit 10.3%, bolstered by cost controls despite tariff headwinds, while the board hiked the quarterly dividend 55% to $0.17 per share, payable September 15. New awards in turbos and eProducts signal profitable growth. Guidance rose to $14.0-14.4 billion in sales and $4.45-4.65 adjusted EPS. Tariffs remain a drag.
10-Q
Q2 FY2025 results
BorgWarner posted Q2 net sales of $3.6B, up 1% y/y but flat q/q amid softer market production, with eProducts surging 14% y/y to claim 18% of revenue—yet gross margins dipped to 17.6% from 19.0% on tariff hits and mix shifts. Operating income held steady at $289M (down 3% y/y, flat q/q), while diluted EPS from continuing ops fell to $1.03 from $1.39 y/y, reconciling cleanly to 218.2M shares with no anti-dilution flags; YTD figures align similarly, EPS at $1.75 on $7.2B sales (down 1% y/y). Cash swelled to $2.0B on $661M operating cash flow (up from $344M YTD y/y), yielding $465M free cash flow (derived), while total debt eased to $3.9B long-term after repaying $403M notes, with $2B revolver fully available sans covenant issues. The charging business exit in Q2 tallied $32M charges but eyes $30M annual loss cuts by 2026. Tariffs loom as a wildcard, hiking costs without full pass-through.
8-K
BorgWarner Q1 beats market
BorgWarner reported Q1 2025 net sales of $3,515 million, down 2% from last year, yet organic sales grew 0.1% amid a 3.6% market decline, fueled by 47% higher light vehicle eProduct sales. Adjusted operating margin hit 10.0%, up 60 basis points, while announcing Q2 exit from its charging business to cut $30 million in annual losses and consolidating North American battery operations for $20 million savings by 2026. New awards span hybrid eMotors, heaters, EGR extensions, and DCTs, launching 2025-2028. Full-year guidance holds sales at $13.6-14.2 billion, adjusted EPS $4.00-4.45; tariffs pose production risks.
10-Q
Q1 FY2025 results
BorgWarner posted Q1 net sales of $3.5B, down 2% y/y amid a 4% drop in global vehicle production, yet eProducts surged 26% y/y to $637M, or 18% of total, signaling electrification momentum. Gross margin edged up to 18.2% from 17.9% y/y, while operating income fell to $237M from $295M due to $39M impairments and $31M restructuring tied to exiting the charging business, which also drove a $26M exit charge; diluted EPS from continuing operations dipped to $0.72 from $0.93, reconciling to 218.1M shares. Cash from operations swung to $82M from a $118M outflow y/y, with free cash flow at -$37M (derived); debt eased to $3.9B after repaying $346M in notes, leaving $1.7B cash and $2B revolver availability. The charging exit, set for Q2 completion, should trim $30M in annual losses by 2026. Tariffs pose a supply chain squeeze.
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