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BorgWarner (BWA) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-31 12:40
Group 1: Earnings Performance - BorgWarner reported quarterly earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.06 per share, and showing a slight increase from $1.19 per share a year ago, representing an earnings surprise of +14.15% [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - BorgWarner's revenues for the quarter ended June 2025 were $3.64 billion, surpassing the Zacks Consensus Estimate by 2.31%, compared to $3.6 billion in the same quarter last year [2] Group 2: Stock Performance and Outlook - BorgWarner shares have increased approximately 8.6% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3] - The future performance of BorgWarner's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.05 on revenues of $3.49 billion, and for the current fiscal year, it is $4.26 on revenues of $13.92 billion [7] Group 3: Industry Context - The Automotive - Original Equipment industry, to which BorgWarner belongs, is currently ranked in the top 33% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact BorgWarner's stock performance [5][6]
BorgWarner(BWA) - 2025 Q2 - Quarterly Results
2025-07-31 12:13
[Executive Summary](index=1&type=section&id=Executive%20Summary) [Second Quarter 2025 Performance Overview](index=1&type=section&id=Second%20Quarter%202025%20Performance%20Overview) BorgWarner reported strong Q2 2025 results with a slight increase in U.S. GAAP net sales and relatively flat organic sales year-over-year, aligning with market performance. Light vehicle eProduct sales showed significant growth, contributing to a solid adjusted operating margin despite tariff headwinds - U.S. GAAP net sales increased approximately **1.0%** year-over-year compared with second quarter 2024, while organic sales were relatively flat[4](index=4&type=chunk) - The Company's light vehicle eProduct sales increased **31%** year-over-year[4](index=4&type=chunk) - Achieved a U.S. GAAP operating margin of **7.9%** and an adjusted operating margin of **10.3%** in Q2 2025, despite a **40 basis point** net headwind from tariffs[4](index=4&type=chunk) [Capital Allocation and Shareholder Value Actions](index=1&type=section&id=Capital%20Allocation%20and%20Shareholder%20Value%20Actions) The company undertook several actions to enhance long-term shareholder value, including significant share repurchases, an increased share repurchase authorization, and a substantial dividend increase - Purchased approximately **$108 million** of its outstanding shares during the second quarter[4](index=4&type=chunk) - BorgWarner's Board of Directors authorized an increase to its share repurchase program to **$1 billion**, allowing repurchases through 2028[4](index=4&type=chunk) - The Company's Board of Directors approved a **55% increase** to its quarterly cash dividend per share[4](index=4&type=chunk) [New Business Awards](index=1&type=section&id=New%20Business%20Awards) BorgWarner secured multiple new business awards across its portfolio, including foundational turbocharger contracts and several eProduct awards, which are expected to support long-term profitable growth [Foundational Awards](index=1&type=section&id=Foundational%20Awards) - Secured two turbocharger awards with a major global OEM for 1.0-liter gasoline/hybrid platforms in Europe and 3.0-liter gasoline hybrid applications in North America, with production expected to begin in **2027** and **2028**[4](index=4&type=chunk) - Received a turbocharger award with a major East Asian OEM for hybrid electric vehicle SUV applications, with production expected to begin in **2027**[4](index=4&type=chunk) - Secured a turbocharger award with a major global OEM for a hybrid powertrain in a sports car platform, with production expected to begin in **2028**[4](index=4&type=chunk) [eProduct Awards](index=2&type=section&id=eProduct%20Awards) - Awarded a dual inverter contract with a major Chinese OEM for its hybrid vehicle lineup, extending a partnership established in **2021**, with production expected by the end of **2025**[7](index=7&type=chunk) - Secured an electric motor award with a major Chinese OEM for a platform-based design compatible across a full range of NEV applications (BEV and hybrid models), with production expected to begin in **2026**[7](index=7&type=chunk) - Secured contracts with two major global OEMs to supply high-voltage coolant heater technology for plug-in hybrid electric vehicle platforms, with production expected to begin in **2028** for both[7](index=7&type=chunk) - Secured a new program for its electric cross differential technology for a leading Chinese OEM's electric vehicles in China[7](index=7&type=chunk) [Financial Results (Continuing Operations Basis)](index=3&type=section&id=Financial%20Results%20(Continuing%20Operations%20Basis)) [Second Quarter 2025 Highlights](index=2&type=section&id=Second%20Quarter%202025%20Highlights) BorgWarner reported Q2 2025 net sales of $3,638 million, a 1% increase YoY, primarily driven by strong eProduct sales. GAAP net earnings were $1.03 per diluted share, while adjusted net earnings were $1.21 per diluted share, up 2% YoY. The company also generated strong operating cash flow of $579 million and free cash flow of $507 million Key Financial Metrics | Metric | Q2 2025 Value | Q2 2024 Value | YoY Change | | :------------------------------------------ | :-------------- | :-------------- | :--------- | | U.S. GAAP Net Sales (Millions USD) | $3,638 | $3,603 | +1% | | Organic Sales | N/A | N/A | Relatively flat | | U.S. GAAP Net Earnings per diluted share (USD) | $1.03 | $1.39 | -26% | | Adjusted Net Earnings per diluted share (USD) | $1.21 | $1.19 | +2% | | U.S. GAAP Operating Income (Millions USD) | $289 | $297 | -2.7% | | Adjusted Operating Income (Millions USD) | $373 | $376 | -0.8% | | Net cash provided by operating activities (Millions USD) | $579 | $462 | +25.3% | | Free cash flow (Millions USD) | $507 | $297 | +70.7% | [Detailed Earnings Analysis (GAAP vs. Adjusted)](index=3&type=section&id=Detailed%20Earnings%20Analysis%20(GAAP%20vs.%20Adjusted)) The company provides a detailed reconciliation of GAAP earnings per diluted share to adjusted earnings per diluted share, excluding various non-comparable items such as restructuring expense, impairment charges, and costs to exit the charging business, to offer a clearer view of ongoing operations. The increase in adjusted net earnings per diluted share was primarily due to a lower share count Non-comparable Items Impact on Earnings per Diluted Share | Non-comparable Item | Q2 2025 Impact per diluted share (USD) | Q2 2024 Impact per diluted share (USD) | | :------------------------------------ | :------------------------------- | :------------------------------- | | Restructuring expense | $0.06 | $0.08 | | Impairment charges | $0.01 | — | | Costs to exit charging business | $0.02 | — | | Accelerated depreciation | $0.08 | $0.03 | | Write-off of customer incentive asset | $0.03 | — | | Chief Executive Officer ("CEO") transition compensation | $0.03 | — | | Loss on sale of assets | $0.02 | — | | Adjustments associated with Spin-Off related balances | $0.01 | $0.05 | | Tax adjustments | $(0.08) | $(0.42) | | Other non-comparable items | — | $0.01 | - Adjusted net earnings per diluted share for Q2 2025 were **$1.21**, up approximately **2%** from **$1.19** in Q2 2024, primarily due to a lower share count[9](index=9&type=chunk) [Segment Performance](index=7&type=section&id=Segment%20Performance) Analysis of net sales and adjusted operating income by segment reveals varied performance. PowerDrive Systems showed significant sales growth, while Battery & Charging Systems experienced a decline. Turbos & Thermal Technologies and Drivetrain & Morse Systems maintained relatively stable sales and operating income Net Sales by Segment | Segment | Q2 2025 Net Sales (Millions USD) | Q2 2024 Net Sales (Millions USD) | YoY Change | | :-------------------------- | :------------------------------- | :------------------------------- | :--------- | | Turbos & Thermal Technologies | $1,481 | $1,515 | -2.2% | | Drivetrain & Morse Systems | $1,429 | $1,442 | -0.9% | | PowerDrive Systems | $581 | $464 | +25.2% | | Battery & Charging Systems | $159 | $193 | -17.6% | | Net sales (Total) | $3,638 | $3,603 | +1.0% | Adjusted Operating Income by Segment | Segment | Q2 2025 Adj. Op. Income (Millions USD) | Q2 2024 Adj. Op. Income (Millions USD) | YoY Change | | :-------------------------- | :------------------------------------- | :------------------------------------- | :--------- | | Turbos & Thermal Technologies | $227 | $224 | +1.3% | | Drivetrain & Morse Systems | $260 | $266 | -2.3% | | PowerDrive Systems | $(33) | $(49) | +32.7% (loss reduction) | | Battery & Charging Systems | $(12) | $(10) | -20.0% (loss increase) | [Full Year 2025 Guidance Update](index=4&type=section&id=Full%20Year%202025%20Guidance%20Update) [Sales and Market Outlook](index=4&type=section&id=Sales%20and%20Market%20Outlook) BorgWarner increased its full-year 2025 net sales guidance to $14.0 billion to $14.4 billion, driven by higher industry production expectations and favorable foreign exchange impacts. The company anticipates outgrowing the market by approximately 100 to 150 basis points, despite an expected overall market decline - Increased 2025 full year net sales guidance to a range of **$14.0 billion to $14.4 billion** (from previous $13.6 billion to $14.2 billion), due to higher industry production expectations and favorable foreign exchange[10](index=10&type=chunk) - Expects weighted light and commercial vehicle markets to be in the range of **down 2.5% to down 0.5%** in 2025 (an increase from the prior range of down 4% to down 2%)[10](index=10&type=chunk) - Sales guidance implies a year-over-year change in organic sales of **down 1.5% to up 1%**, or estimated outgrowth above market production of approximately **100 to 150 basis points**[10](index=10&type=chunk) Market Production Outlook by Region | Region | Light vehicle | Commercial vehicle | BorgWarner-Weighted | | :-------------- | :------------------ | :----------------- | :------------------ | | North America | (6)% to (1.5)% | ~(20)% | (7.5)% to (3.5)% | | Europe | (3)% to (2)% | ~0% | (2.5)% to (1.5)% | | China | 2.5% to 4.5% | ~4.5% | 3% to 4.5% | | Total | (0.5)% to 1.5% | ~(1)% | (2.5)% to (0.5)% | [Profitability and Cash Flow Guidance](index=4&type=section&id=Profitability%20and%20Cash%20Flow%20Guidance) The company raised its 2025 adjusted operating margin guidance to 10.1% to 10.3% and adjusted net earnings per diluted share to $4.45 to $4.65, reflecting strong year-to-date results and improved market conditions. Full-year free cash flow guidance also increased by $50 million - U.S. GAAP operating margin is expected to be in the range of **8.3% to 8.5%** in 2025[11](index=11&type=chunk) - Adjusted operating margin is expected to be in the range of **10.1% to 10.3%** (increased from previous 9.6% to 10.2%)[11](index=11&type=chunk) - Adjusted net earnings are expected to be in the range of **$4.45 to $4.65 per diluted share** (increased from previous $4.00 to $4.45)[11](index=11&type=chunk) - Full-year operating cash flow is expected to be **$1,368 million to $1,418 million**, and free cash flow is expected to be **$700 million to $800 million** (a **$50 million increase** from prior guidance)[11](index=11&type=chunk) [Non-GAAP Financial Measures](index=10&type=section&id=Non-GAAP%20Financial%20Measures) [Definitions of Non-GAAP Measures](index=10&type=section&id=Definitions%20of%20Non-GAAP%20Measures) This section provides clear definitions for the non-GAAP financial measures used by BorgWarner, including Adjusted Operating Income, Adjusted Operating Margin, Adjusted Net Earnings, Adjusted Earnings per Diluted Share, Free Cash Flow, and Organic Net Sales Change, explaining how each is derived from GAAP measures - Adjusted Operating Income: Operating income adjusted to exclude restructuring, M&A, intangible asset amortization, other net expenses, discontinued operations, and other non-recurring gains/losses[26](index=26&type=chunk) - Adjusted Net Earnings: Net earnings attributable to the Company, adjusted to eliminate the impact of restructuring expense, merger, acquisition and divestiture expense, other net expenses, discontinued operations and other gains and losses not reflective of the Company's ongoing operations and related tax effects. Intangible asset amortization expense continues to be included[27](index=27&type=chunk) - Free Cash Flow: Net cash provided by operating activities minus capital expenditures, net of customer advances related to capital expenditures[29](index=29&type=chunk) - Organic Net Sales Change: Net sales change year-over-year excluding the estimated impact of foreign exchange and net mergers, acquisitions and divestitures[30](index=30&type=chunk) [Reconciliations of Non-GAAP Measures](index=11&type=section&id=Reconciliations%20of%20Non-GAAP%20Measures) The report provides detailed reconciliations of key non-GAAP financial measures to their most directly comparable U.S. GAAP measures for both the second quarter and year-to-date periods, illustrating the adjustments made for non-comparable items Adjusted Operating Income Reconciliation | Metric | Q2 2025 (Millions USD) | Q2 2024 (Millions USD) | | :------------------------------------ | :----------------------- | :----------------------- | | Operating income | $289 | $297 | | Non-comparable items (total) | $84 | $79 | | Adjusted operating income | $373 | $376 | | Adjusted operating margin | 10.3% | 10.4% | Free Cash Flow Reconciliation | Metric | Q2 2025 (Millions USD) | Q2 2024 (Millions USD) | | :-------------------------------------------------- | :----------------------- | :----------------------- | | Net cash provided by operating activities from continuing operations | $579 | $462 | | Capital expenditures, including tooling outlays | $(77) | $(165) | | Customer advances related to capital expenditures | $5 | — | | Free cash flow | $507 | $297 | Organic Net Sales Change by Segment | Segment | Q2 2025 Organic Net Sales Change % | | :-------------------------- | :------------------------------- | | Turbos & Thermal Technologies | (4.2)% | | Drivetrain & Morse Systems | (2.5)% | | PowerDrive Systems | 23.5% | | Battery & Charging Systems | (20.2)% | | Net sales (Total) | (0.9)% | [Consolidated Financial Statements (Unaudited)](index=6&type=section&id=Consolidated%20Financial%20Statements%20(Unaudited)) [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The condensed consolidated statements of operations show BorgWarner's financial performance for the three and six months ended June 30, 2025, detailing net sales, cost of sales, gross profit, operating income, and net earnings, both for continuing and discontinued operations Condensed Consolidated Statements of Operations | Metric | Three Months Ended June 30, 2025 (Millions USD) | Three Months Ended June 30, 2024 (Millions USD) | | :------------------------------------------ | :---------------------------------------------- | :---------------------------------------------- | | Net sales | $3,638 | $3,603 | | Cost of sales | $2,998 | $2,918 | | Gross profit | $640 | $685 | | Operating income | $289 | $297 | | Net earnings attributable to BorgWarner Inc. | $224 | $303 | | Earnings per share from continuing operations — diluted | $1.03 | $1.39 | [Condensed Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The condensed consolidated balance sheets present BorgWarner's financial position as of June 30, 2025, and December 31, 2024, outlining total assets, liabilities, and equity Condensed Consolidated Balance Sheets | Metric | June 30, 2025 (Millions USD) | December 31, 2024 (Millions USD) | | :------------------------------------ | :----------------------------- | :----------------------------- | | Cash, cash equivalents and restricted cash | $2,041 | $2,094 | | Total current assets | $6,778 | $6,521 | | Total assets | $14,399 | $13,993 | | Total current liabilities | $3,352 | $3,646 | | Total liabilities | $8,330 | $8,287 | | Total BorgWarner Inc. stockholders' equity | $5,923 | $5,532 | | Total equity | $6,069 | $5,706 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The condensed consolidated statements of cash flows detail the cash generated and used by BorgWarner's operating, investing, and financing activities for the six months ended June 30, 2025, and 2024, highlighting a significant increase in net cash provided by operating activities from continuing operations Condensed Consolidated Statements of Cash Flows | Metric | Six Months Ended June 30, 2025 (Millions USD) | Six Months Ended June 30, 2024 (Millions USD) | | :-------------------------------------------------- | :-------------------------------------------- | :-------------------------------------------- | | Net cash provided by operating activities from continuing operations | $661 | $344 | | Net cash used in investing activities from continuing operations | $(158) | $(313) | | Net cash used in financing activities from continuing operations | $(606) | $(242) | | Net decrease in cash, cash equivalents and restricted cash | $(53) | $(246) | [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) [Forward-Looking Statements Disclaimer](index=4&type=section&id=Forward-Looking%20Statements%20Disclaimer) This section serves as a standard legal disclaimer, cautioning readers that the press release contains forward-looking statements based on management's current expectations and projections. It highlights that actual results may differ materially due to various risks and uncertainties, and the company does not undertake to update these statements - This press release may contain forward-looking statements based on management's current outlook, expectations, estimates, and projections[15](index=15&type=chunk) - Forward-looking statements are not guarantees of performance, and actual results may differ materially from those expressed, projected, or implied due to various risks and uncertainties[16](index=16&type=chunk)[17](index=17&type=chunk) - The company does not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements[17](index=17&type=chunk) [Company Information & Investor Relations](index=4&type=section&id=Company%20Information%20%26%20Investor%20Relations) [Company Profile and Investor Access](index=4&type=section&id=Company%20Profile%20and%20Investor%20Access) This section provides information about BorgWarner's identity as a global product leader in mobility innovation, its focus on eMobility, and details for investors to access the conference call webcast and presentation regarding the second quarter 2025 results and guidance - BorgWarner Inc. (NYSE: BWA) is a transformative global product leader in mobility innovation, accelerating the world's transition to eMobility[13](index=13&type=chunk) - A conference call concerning second quarter 2025 results and guidance will be webcast at: https://www.borgwarner.com/investors[12](index=12&type=chunk) - An earnings call presentation will also be available at https://www.borgwarner.com/investors[12](index=12&type=chunk)
BorgWarner to Supply Wastegate Turbos for Major Global OEM's Hybrid Sports Car Platform
Prnewswire· 2025-07-31 12:00
AUBURN HILLS, Mich., July 31, 2025 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is strengthening its partnership with a major global original equipment manufacturer (OEM) by supplying its wastegate turbocharger technology for a hybrid powertrain option for the automaker's high-profile sports car platform. This contract follows several recent contracts for the same technology, demonstrating BorgWarner's product leadership in the wastegate tu ...
BorgWarner Secures Strategic Turbocharger Business for Major Global OEM's Compact and Light Commercial Vehicles
Prnewswire· 2025-07-31 12:00
"This award underscores our ability to win in highly contested markets by offering reliable, cost-effective solutions and long-term supply commitments," said Dr. Volker Weng, Vice President of BorgWarner Inc. and President and General Manager, Turbos and Thermal Technologies. "It reflects our strategic focus on supporting global OEMs with combustion engine technologies while others exit the space." BorgWarner's wastegate turbocharger technology offers a a robust and efficient solution designed for small- di ...
BorgWarner Wins Turbocharger Contract with Major East Asian OEM for Hybrid Vehicles
Prnewswire· 2025-07-31 12:00
Core Insights - BorgWarner has secured a significant contract with a major East Asian OEM to supply turbochargers for a 1.6L engine, primarily for hybrid electric vehicle (HEV) SUV applications in Korea, reinforcing its position as a leading provider of boosting technology [1][2] Group 1: Contract Details - The contract highlights BorgWarner's commitment to delivering high-performance, efficient turbocharging solutions that support the customer's HEV growth strategy [2] - The turbocharger technology features advanced wastegate design, ensuring precise boost control across various engine loads and driving conditions, resulting in improved fuel economy and driving performance [2][3] Group 2: Technical Specifications - The turbocharger is designed for high thermal durability and mechanical robustness, ensuring long-term reliability under elevated exhaust gas temperatures typical of hybrid duty cycles [3] - Component-level design optimization minimizes friction and thermal losses, contributing to enhanced fuel economy and reduced emissions [3] Group 3: Production and Supply Chain - Production is scheduled to begin in 2027 at BorgWarner's Pyongtaek facility in Korea, ensuring localized support and supply chain efficiency for the regional market [3]
BorgWarner Wins New Electric Motor Business with Major Chinese OEM
Prnewswire· 2025-07-31 12:00
Core Insights - BorgWarner has secured a significant contract with a major Chinese OEM for electric motors, highlighting its strong position in China's rapidly growing NEV market [1][2] - The awarded motor features a platform-based design suitable for various NEV applications and utilizes an innovative ultra-short hairpin welding process to enhance space efficiency [1][6] - BorgWarner is expanding its motor operations in China, including a new manufacturing base in Wuhu, which will increase motor capacity and support scalable delivery [2][6] Company Developments - The partnership with the Chinese OEM has lasted nearly a decade, indicating a strong and ongoing relationship [2] - BorgWarner's commitment to delivering efficient motor solutions aligns with the electrification trends in the automotive industry [2][3] - The new Wuhu facility will feature intelligent manufacturing lines capable of producing multiple motor platforms, enhancing operational efficiency [2][6] Industry Context - The NEV market in China is experiencing rapid growth, creating opportunities for companies like BorgWarner to leverage their technological advantages [2] - The demand for electric motors is increasing as the automotive industry shifts towards electrification, positioning BorgWarner favorably in this evolving landscape [2][3]
BorgWarner Secures Another Dual Inverter Project with Major Chinese OEM
Prnewswire· 2025-07-31 12:00
Core Viewpoint - BorgWarner has secured a new contract to supply dual inverters to a major Chinese OEM for hybrid vehicles, marking an extension of their partnership initiated in 2021, with mass production expected to start by the end of 2025 [1] Group 1: Contract and Collaboration - The new contract signifies a new phase of collaboration in the new energy vehicle sector, highlighting BorgWarner's commitment to innovative electrification solutions in China's rapidly evolving NEV market [1][6] - The dual inverter technology allows for synchronous control of dual motors through a single controller, enhancing packaging flexibility and installation convenience [1] Group 2: Technology Advancements - BorgWarner's dual inverter technology reduces thermal resistance by up to 50% compared to single-sided cooling, significantly enhancing power density and ensuring compliance with stringent China light-duty vehicle test cycle (CLTC) efficiency standards [2] - The third-generation production model features a high-performance single chip for DC-DC conversion and dual motor control, while the fourth-generation model integrates a boost converter and dual inverters, catering to diverse hybrid vehicle platform demands [3]
BorgWarner Secures eHeater Contracts for Hybrid Applications With Two Major Global OEMs
Prnewswire· 2025-07-31 12:00
AUBURN HILLS, Mich., July 31, 2025 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, has secured contracts with two major, global original equipment manufacturers (OEMs) to supply high-voltage coolant heater (HVCH) technology for plug-in hybrid electric vehicle (PHEV) platforms. BorgWarner has been awarded contracts by two major OEMs to supply its high-voltage coolant heater (HVCH) technology on a range of plug-in hybrid electric vehicle platfor ...
BorgWarner Reports Strong Second Quarter 2025 Results
Prnewswire· 2025-07-31 10:30
Core Insights - BorgWarner Inc. has reported a 1% increase in U.S. GAAP net sales for Q2 2025, reaching $3,638 million, with light vehicle eProduct sales growing by 31% year-over-year [6][7] - The company has increased its full-year 2025 guidance for net sales to a range of $14.0 billion to $14.4 billion, up from the previous range of $13.6 billion to $14.2 billion, driven by higher industry production expectations and favorable foreign exchange impacts [8][9] - BorgWarner's Board of Directors has authorized a 55% increase in its quarterly cash dividend per share and a $1 billion share repurchase program through 2028 [6][9] Financial Performance - U.S. GAAP net earnings for Q2 2025 were $224 million, or $1.03 per diluted share, compared to $315 million, or $1.39 per diluted share in Q2 2024 [7][16] - Adjusted net earnings per diluted share for Q2 2025 were $1.21, a 2% increase from $1.19 in Q2 2024, primarily due to a lower share count [7][8] - The company achieved a U.S. GAAP operating margin of 7.9% in Q2 2025, with an adjusted operating margin of 10.3% [6][9] Business Developments - BorgWarner secured multiple new business awards, including turbocharger and electric motor contracts with major global OEMs, expected to support long-term profitable growth [3][6] - Production for several new contracts is anticipated to begin between 2025 and 2028, indicating a strong pipeline for future revenue [6][9] Guidance and Expectations - The company expects its U.S. GAAP operating margin for 2025 to be in the range of 8.3% to 8.5%, with adjusted operating margin projected between 10.1% and 10.3% [9] - Net earnings for 2025 are expected to be in the range of $3.80 to $3.97 per diluted share, with adjusted net earnings projected between $4.45 and $4.65 per diluted share [9][8]
BORGWARNER DECLARES A 55% INCREASE IN QUARTERLY DIVIDEND
Prnewswire· 2025-07-31 10:30
Core Viewpoint - BorgWarner Inc. has declared a quarterly cash dividend of $0.17 per share, marking a significant 55% increase from the previous dividend rate [1]. Group 1: Dividend Announcement - The Board of Directors of BorgWarner Inc. announced a quarterly cash dividend of $0.17 per share of common stock [1]. - The dividend represents a 55% increase compared to the previous per share dividend rate [1]. - The dividend is scheduled to be payable on September 15, 2025, to stockholders of record on September 2, 2025 [1]. Group 2: Company Overview - BorgWarner Inc. has been a transformative global product leader for over 130 years [2]. - The company focuses on accelerating the transition to eMobility, aiming to contribute to a cleaner, healthier, and safer future [2].