BorgWarner Earnings Reports

BorgWarner's fourth quarter 2024 results showed a decrease in net sales by 2.4% compared to the previous year, but an increase in adjusted net earnings per diluted share from $0.90 to $1.01. The company achieved an adjusted operating margin of 10.2% and generated $539 million in free cash flow. Despite market challenges, BorgWarner expects continued sales outgrowth and strong free cash flow in 2025.

BorgWarner reported a 5% decrease in net sales to $3,449 million for Q3 2024, primarily due to declining market production volumes. However, adjusted earnings per diluted share increased to $1.09, driven by strong operational performance, cost controls, customer recoveries, a lower effective tax rate, and share repurchases. The company increased its full-year adjusted operating margin and EPS guidance while reducing its net sales guidance.

BorgWarner's Q2 2024 results showed an adjusted operating margin of 10.4% and free cash flow of $297 million. The company increased its full-year adjusted operating margin guidance by 30 basis points and adjusted earnings per share guidance by approximately $0.07 per share. Net sales were $3,603 million, a decrease of 2% compared to Q2 2023.

BorgWarner reported a 6% increase in net sales to $3,595 million and an adjusted EPS of $1.03 for the first quarter of 2024. The company has increased full-year EPS guidance and announced an additional share repurchase authorization of up to $500 million.

BorgWarner reported a 6.2% increase in net sales to $3,522 million for the fourth quarter of 2023. U.S. GAAP net earnings were $0.64 per diluted share, with adjusted net earnings at $0.90 per diluted share. The company expects 2024 eProduct sales to grow approximately 25% to 40%.

BorgWarner's Q3 2023 results showed a 12% increase in net sales compared to Q3 2022, driven by higher demand and customer recoveries from material cost inflation. The company's adjusted net earnings per diluted share rose to $0.98, up from $0.80 in the prior year. BorgWarner expects its 2023 eProduct sales to be $2.0 billion to $2.1 billion, up from approximately $1.5 billion in 2022.

BorgWarner reported a 20% increase in net sales to $4,520 million compared to Q2 2022. U.S. GAAP net earnings were $0.87 per diluted share, while pro forma adjusted net earnings per diluted share were $1.05, up from $0.74 in Q2 2022. The company updated its full-year sales, margin, and EPS guidance, reflecting the spin-off of PHINIA.

BorgWarner's Q1 2023 results showed an 8% increase in net sales to $4,180 million compared to Q1 2022. U.S. GAAP net earnings were $0.93 per diluted share, and adjusted net earnings were $1.09 per diluted share. The company expects 2023 eProduct sales of $2.3 billion to $2.6 billion.

BorgWarner reported a strong fourth quarter in 2022, with net sales increasing by 12.4% to $4,108 million and adjusted net earnings per diluted share rising to $1.26. The company's performance benefited from higher demand for its products and effective commercial negotiations, which helped offset increased commodity costs and investments in e-Products R&D.

BorgWarner reported a strong third quarter with a 19% increase in net sales compared to the same period last year. The company's adjusted earnings per diluted share also increased, driven by customer pricing actions and higher revenue, partially offset by inflationary impacts and increased R&D investment. BorgWarner is on track to achieve $4 billion in electric vehicle revenue by 2025 and updated its full year sales, margin, and EPS guidance.

BorgWarner's second quarter results showed roughly flat net sales compared to the previous year, but organic sales increased by 7%. The company is making progress with its electrification strategy, expecting electric vehicle revenue to more than double in 2022.

BorgWarner reported a decrease in net sales by 3% to $3,874 million, but organic sales increased by 1%. Net earnings were $0.84 per diluted share, with adjusted net earnings at $1.05 per diluted share. The company is on track to achieve more than $3.3 billion of electric vehicle revenue by 2025.

BorgWarner's Q4 2021 results showed a decrease in net sales by 6.9% to $3,655 million, and a GAAP net income of $129 million, or $0.54 per diluted share. However, adjusted net earnings were $1.06 per diluted share, compared to $1.18 per diluted share in Q4 2020. The company is on track to achieve $3.3 billion of electric vehicle revenue by 2025.

BorgWarner's third quarter 2021 results showed a 35% increase in net sales compared to Q3 2020, driven by the acquisition of Delphi Technologies and increased product demand. The company also secured new inverter program awards with a Global OEM and a German OEM, expecting significant annual revenue by 2025.

BorgWarner reported a significant increase in financial performance for Q2 2021. Net sales increased by 164% compared to Q2 2020, reaching $3,758 million. U.S. GAAP net earnings were $1.03 per diluted share, with adjusted net earnings at $1.08 per diluted share, excluding non-comparable items. The increase was primarily due to the recovery of global markets, the acquisition of Delphi Technologies, and increased demand for the company's products.

BorgWarner reported a significant increase in net sales for the first quarter of 2021, driven by the acquisition of Delphi Technologies, increased product demand, and the recovery of global markets from COVID-19 effects. Net sales reached $4,009 million, a 76% increase from the previous year, with adjusted earnings per diluted share rising to $1.21.

BorgWarner's Q4 2020 results showed a significant increase in net sales, up 53.4% compared to Q4 2019, reaching $3,926 million. Net income was $358 million, or $1.52 per diluted share. The company also reported net cash provided by operating activities of $416 million and free cash flow of $197 million.

BorgWarner reported a 2% increase in net sales for the third quarter of 2020 compared to the third quarter of 2019, reaching $2,534 million. Net earnings were $111 million, or $0.53 per diluted share. Net cash provided by operating activities was $481 million, and free cash flow amounted to $390 million.

BorgWarner reported a decrease in net sales and a net loss for the second quarter of 2020, primarily due to production disruptions caused by the COVID-19 pandemic. Net sales were $1,426 million, down 44% compared to the second quarter of 2019. The company reported a net loss of $(0.47) per diluted share.

BorgWarner reported a decrease in net sales by 11.2% compared to the first quarter of 2019, with U.S. GAAP net earnings of $0.63 per diluted share. The decline in net earnings is primarily attributed to the impact of lower revenue. Despite the revenue decline, the company increased its revolving credit facility and entered into a delayed-draw term loan facility to bolster its liquidity position.

BorgWarner's Q4 2019 results showed a slight decrease in net sales, but operating income increased significantly due to a gain on the derecognition of a subsidiary. Adjusted net earnings per share decreased compared to the previous year.