Financial Performance - BorgWarner reported Q4 2024 net sales of $3,439 million, a decrease of 2.4% compared to Q4 2023[3] - For the full year 2024, BorgWarner's net sales were $14,086 million, a decrease of 0.8% from 2023[5] - Adjusted net earnings per diluted share for Q4 2024 were $1.01, up from $0.90 in Q4 2023[7] - The company reported a net loss attributable to BorgWarner Inc. of $405 million in Q4 2024, compared to net earnings of $154 million in Q4 2023[16] - Adjusted operating income for the year ended December 31, 2024, was $1,417 million, reflecting an increase from $1,358 million in 2023, with an adjusted operating margin of 10.1%[30] Operating Margins and Earnings Guidance - The adjusted operating margin for Q4 2024 was 10.2%, while the U.S. GAAP operating margin was (9.2)%, impacted by $646 million in impairment charges[3] - BorgWarner anticipates an adjusted operating margin of 10.0% to 10.2% for 2025, with net earnings projected between $3.84 and $4.12 per diluted share[9] - BorgWarner's adjusted earnings per diluted share for FY 2025 is expected to range from $4.05 to $4.40, reflecting a solid earnings outlook[35] Cash Flow and Capital Expenditures - Free cash flow for 2025 is expected to be in the range of $650 million to $750 million[9] - BorgWarner generated $682 million in net cash from operating activities in Q4 2024, with free cash flow of $539 million[5] - Free cash flow for the year ended December 31, 2024, was $729 million, compared to $565 million in 2023, indicating a strong cash generation capability[31] - Capital expenditures for the year ended December 31, 2024, were $671 million, down from $832 million in 2023[20] Business Outlook and Market Expectations - The company expects 2025 net sales to be between $13.4 billion and $14.0 billion, implying a year-over-year organic sales change of down 2% to up 2%[8] - The company expects its weighted light and commercial vehicle markets to decline by 1% to 3% in 2025[8] - The company expects light vehicle production in North America to decline by 4% to 3% in FY 2025, while commercial vehicle production is projected to grow by 3% to 9%[38] - BorgWarner's full-year 2025 guidance for net sales is projected between $13,400 million and $14,000 million, with an adjusted operating income guidance of $1,345 million to $1,430 million[34] Impairment Charges and Asset Management - The company incurred impairment charges of $646 million in Q4 2024, compared to $29 million in Q4 2023[16] - Total assets decreased to $13,993 million as of December 31, 2024, down from $14,453 million at the end of 2023[19] - Cash and cash equivalents increased to $2,094 million at the end of 2024, compared to $1,534 million at the end of 2023[19] Segment Performance - Segment Adjusted Operating Income for Turbos & Thermal Technologies was $223 million in Q4 2024, up from $214 million in Q4 2023[18] - In Q4 2024, the Battery & Charging Systems segment showed a strong organic net sales growth of 8.6%, contrasting with declines in other segments[32] Strategic Initiatives - BorgWarner secured multiple new business awards, including a Variable Cam Timing systems award for next-generation hybrid engines expected to launch in Q1 2026[3] - The company plans to continue focusing on market expansion and new technology development in the upcoming year[21]

Wastegate turbocharger technology to be deployed on midsized gasoline engines Robust design enables quick boost response and powerful performance Extension highlights BorgWarner's longstanding and trusted relationship with OEM AUBURN HILLS, Mich., Feb. 6, 2025 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions for the vehicle market, is continuing its partnership with a major, North American-based OEM by extending contracts on several wastegate t ...

Two transfer cases to be developed and manufactured in China Advanced transfer cases will enhance overall vehicle performance Would further strengthen BorgWarner's market share in export models of Chinese domestic brands AUBURN HILLS, Mich., Feb. 6, 2025 /PRNewswire/ -- BorgWarner is supporting SAIC Maxus by supplying its locally developed and manufactured transfer cases. BorgWarner will provide SAIC Maxus with two types of transfer cases: an on-demand transfer case with mechanical locking and a high-torqu ...

Optimized valve timing improves fuel economy and power output Advanced technology meets Tier 4 North American emission standards Strengthens long-term relationship between BorgWarner and major East Asian OEM AUBURN HILLS, Mich., Feb. 6, 2025 /PRNewswire/ -- BorgWarner enhances its long-standing partnership with a major East Asian OEM by supplying its state-of-the-art Variable Cam Timing (VCT) for the automaker's latest hybrid and gasoline engines. Production of the engines is scheduled to commence in the f ...

AUBURN HILLS, Mich., Feb. 6, 2025 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported fourth quarter and full-year results and provided 2025 guidance.Fourth Quarter 2024 and 2025 Guidance Highlights BorgWarner achieved an adjusted operating margin of 10.2% during the fourth quarter, which equated to a U.S. GAAP operating margin of (9.2)%, which includes $646 million of goodwill and fixed asset impairment charges recorded during the fourth quarter in our PowerDrive Systems and Battery and Charging Sys ...

Marks the first time BorgWarner has received this recognition Ranked 6th in automotive and the only automotive supplier included in the Global 100 Publicly traded companies with more than $1 billion in revenue assessed on 25 key performance indicators across environmental, social, and governanceAUBURN HILLS, Mich., Feb. 4, 2025 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions for the vehicle market, has been named to the Corporate Knights' 2025 ...

The market expects BorgWarner (BWA) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Marks third consecutive year BorgWarner has been included on the list BorgWarner is one of eight automotive parts suppliers named Social responsibility, product quality and investment value were factored into rankingsAUBURN HILLS, Mich., Jan. 30, 2025 /PRNewswire/ -- BorgWarner has been named one of 321 companies included on Fortune magazine's 2025 World's Most Admired Companies list. This is the third consecutive year BorgWarner has achieved the accolade, and it ranked 5th in the "motor vehicle parts" cat ...

Company Overview - BorgWarner, a company with origins dating back to 1880, is now a significant player in driving the automotive industry toward a cleaner and more efficient future [1] Industry Impact - The company is recognized as a driving force in the transition to cleaner and more efficient automotive technologies [1] Analyst Perspective - The analyst holds a beneficial long position in BorgWarner (NYSE: BWA) through stock ownership, options, or other derivatives [1]

"Presenting the Baby Borg trophies is an exciting tradition we look forward to every year, and it being back-to-back wins for Josef and the 20th win for Roger makes it even more special," said Joseph Fadool, Chief Operating Officer, BorgWarner. "Both of these men's legacies will live on in the world of racing, but the personalized trophies serve as commemorative keepsakes, showcasing their dedication and success." The second addition of Newgarden's likeness on the Borg-Warner Trophy, crafted by William Behr ...