2023 Structural Costs Plan In 2023, the Company announced a $130 million to $150 million restructuring plan to address structural costs primarily in its Foundational products businesses. During the three months ended March 31, 2024 and 2023, the Company recorded $19 million and $3 million, respectively, of restructuring costs related to this plan. Cumulatively, the Company has incurred $98 million of restructuring charges related to this plan. The following provides details of restructuring expense incurred ...

BorgWarner Inc. (BWA) reported adjusted earnings of $1.03 per share for first-quarter 2024, down from $1.09 per share recorded in the prior-year quarter. The bottom line, however, surpassed the Zacks Consensus Estimate of 87 cents.The automotive equipment supplier reported net sales of $3.6 billion, beating the Zacks Consensus Estimate of $3.52 billion. The top line, however, declined 13.9% year over year.Segmental PerformanceAir Management: Net sales totaled $2.03 billion in the reported quarter compared w ...

For the quarter ended March 2024, BorgWarner (BWA) reported revenue of $3.6 billion, down 14% over the same period last year. EPS came in at $1.03, compared to $1.09 in the year-ago quarter.The reported revenue represents a surprise of +2.19% over the Zacks Consensus Estimate of $3.52 billion. With the consensus EPS estimate being $0.87, the EPS surprise was +18.39%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expecta ...

BorgWarner (BWA) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.39%. A quarter ago, it was expected that this auto parts supplier would post earnings of $0.93 per share when it actually produced earnings of $0.90, delivering a surprise of -3.23%.Over the last four quarters, the co ...

Auburn Hills, Michigan, May 2, 2024 – BorgWarner Inc. (NYSE: BWA) today reported first quarter results. • U.S. GAAP net sales of $3,595 million, an increase of 6% compared with first quarter 2023. ◦ Excluding the impact of foreign currencies and the net impact of net M&A, organic sales were up 7% compared with first quarter 2023. • U.S. GAAP net earnings of $0.93 per diluted share. ◦ Excluding $(0.10) of net losses per diluted share related to non-comparable items (detailed in the table below), adjusted net ...

AUBURN HILLS, Mich., May 2, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported first quarter results. Charging Forward Update: BorgWarner has solidified two high voltage hairpin (HVH) eMotor business wins with XPeng, a leading Chinese Smart EV manufacturer, for use on two upcoming SUV models. The contracts include BorgWarner's advanced oil-cooling 800V eMotor systems, comprised of stator and rotor components. Start of production is planned for 2025. BorgWarner has secured contracts with Polest ...

Analysts on Wall Street project that BorgWarner (BWA) will announce quarterly earnings of $0.87 per share in its forthcoming report, representing a decline of 20.2% year over year. Revenues are projected to reach $3.52 billion, declining 15.8% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ah ...

BorgWarner (BWA) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 2. On the o ...

AUBURN HILLS, Mich., April 25, 2024 /PRNewswire/ -- On April 24, 2024, the Board of Directors of BorgWarner Inc. (NYSE: BWA) declared a quarterly cash dividend of $0.11 per share of common stock.  The dividend is payable on June 17, 2024, to stockholders of record on June 3, 2024. For more than 130 years, BorgWarner Inc. (NYSE: BWA) has been a transformative global product leader bringing successful mobility innovation to market. Today, we're accelerating the world's transition to eMobility -- to help build ...

BorgWarner (BWA) is slated to release first-quarter 2024 results on May 2, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at 87 cents and $3.53 billion, respectively.For the first quarter, the consensus estimate for BWA’s earnings per share has moved down a penny in the past seven days. Its bottom-line estimates imply a decline of 20.18% from the year-ago reported number. The Zacks Consensus Estimate for its quarterly revenues sugg ...