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BorgWarner Inc (BWA.N)

BWA.N on New York Stock Exchange

44.00USD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

BorgWarner Appoints Kevin Nowlan As CFO
Tuesday, 19 Mar 2019 

March 19 (Reuters) - BorgWarner Inc ::BORGWARNER APPOINTS KEVIN A. NOWLAN CHIEF FINANCIAL OFFICER.BORGWARNER INC - THOMAS MCGILL WILL SUCCEED ANTHONY HENSEL AS VICE PRESIDENT AND CONTROLLER, EFFECTIVE APRIL 1, 2019.BORGWARNER INC - NOWLAN COMES TO BORGWARNER FROM MERITOR INC.  Full Article

BorgWarner - Rinehart Motion Systems And Am Racing Have Been Acquired By Borgwarner
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - BorgWarner Inc ::BORGWARNER FORMS CASCADIA MOTION LLC, MAKES ACQUISITIONS.BORGWARNER - RINEHART MOTION SYSTEMS AND AM RACING HAVE BEEN ACQUIRED BY BORGWARNER AND MERGED INTO A NEW, WHOLLY-OWNED COMPANY, CASCADIA MOTION LLC.  Full Article

Borgwarner Reports Fourth Quarter 2018 Results
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS FOURTH QUARTER 2018 U.S. GAAP NET EARNINGS OF $1.10 PER DILUTED SHARE, OR EARNINGS OF $1.21 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q4 GAAP EARNINGS PER SHARE $1.10.Q4 SALES $2.573 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.55 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $1.07 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $4.00 TO $4.35.Q4 EARNINGS PER SHARE $1.21 EXCLUDING ITEMS.SEES FY 2019 SALES $9.9 BILLION TO $10.37 BILLION.EXPECTS 2019 NET ORGANIC SALES CHANGE OF APPROXIMATELY DOWN 2.5% TO UP 2.0%.FY2019 EARNINGS PER SHARE VIEW $4.56, REVENUE VIEW $10.81 BILLION -- REFINITIV IBES DATA.COMPANY HAS PROVIDED ITS INITIAL 2019 FULL YEAR GUIDANCE.EXPECTS ITS LIGHT VEHICLE MARKET EXPOSURE TO DECLINE BY 2.0% TO 5.0% IN 2019..FOREIGN CURRENCIES ARE EXPECTED TO DECREASE SALES BY $280 MILLION IN 2019.2019 NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $4.00 TO $4.35 PER DILUTED SHARE.Q1 NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $0.92 TO $0.96 PER DILUTED SHARE.EXPECTS A Q1 2019 ORGANIC NET SALES DECLINE OF 5.5% TO 7.5%.FOREIGN CURRENCIES ARE EXPECTED TO DECREASE SALES BY APPROXIMATELY $130 MILLION IN Q1.Q1 EARNINGS PER SHARE VIEW $1.13 -- REFINITIV IBES DATA.  Full Article

BorgWarner Reports Q3 Earnings Per Share $1.00 Excluding Items
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS THIRD QUARTER 2018 U.S. GAAP NET EARNINGS OF $0.98 PER DILUTED SHARE, OR $1.00 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q3 EARNINGS PER SHARE $1.00 EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.98.Q3 SALES $2.479 BILLION VERSUS I/B/E/S VIEW $2.45 BILLION.Q3 EARNINGS PER SHARE VIEW $0.99 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 SALES $10.49 BILLION TO $10.58 BILLION.MAINTAINS FULL YEAR ORGANIC GROWTH AND EPS GUIDANCE.FY2018 EARNINGS PER SHARE VIEW $4.38, REVENUE VIEW $10.54 BILLION -- THOMSON REUTERS I/B/E/S.FULL YEAR NET SALES ARE EXPECTED TO BE IN RANGE OF $10.49 BILLION TO $10.58 BILLION.FOR 2018 FOREIGN CURRENCIES EXPECTED TO INCREASE SALES BY $192 MILLION, DUE TO APPRECIATION OF EURO AND CHINESE YUAN..ACQUISITION OF SEVCON WILL INCREASE SALES BY APPROXIMATELY $57 MILLION FOR 2018.  Full Article

Ronald Hundzinski, Chief Financial Officer, To Retire From Borgwarner
Friday, 19 Oct 2018 

Oct 19 (Reuters) - BorgWarner Inc ::RONALD T. HUNDZINSKI, CURRENT CHIEF FINANCIAL OFFICER, TO RETIRE FROM BORGWARNER.SAYS THOMAS J. MCGILL APPOINTED INTERIM CFO.SAYS CFO RONALD T. HUNDZINSKI TO RETIRE.BORGWARNER - INITIATED SEARCH PROCESS, WHICH INCLUDES HIRING AN EXTERNAL SEARCH FIRM, TO CONSIDER INTERNAL AND EXTERNAL CANDIDATES FOR CFO POSITION.  Full Article

Borgwarner Appoints Frederic Lissalde CEO
Thursday, 7 Jun 2018 

June 7 (Reuters) - BorgWarner Inc ::BORGWARNER APPOINTS FREDERIC LISSALDE CHIEF EXECUTIVE OFFICER.SAYS CEO AND PRESIDENT JAMES VERRIER RESIGNED.APPOINTS FREDERIC LISSALDE CHIEF EXECUTIVE OFFICER.  Full Article

BorgWarner Q1 Earnings Per Share $1.10 Excluding Items
Thursday, 26 Apr 2018 

April 26 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS FIRST QUARTER 2018 U.S. GAAP NET EARNINGS OF $1.07 PER DILUTED SHARE, OR $1.10 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q1 EARNINGS PER SHARE $1.10 EXCLUDING ITEMS.Q1 GAAP EARNINGS PER SHARE $1.07.Q1 SALES $2.784 BILLION VERSUS I/B/E/S VIEW $2.64 BILLION.SEES Q2 2018 EARNINGS PER SHARE $1.09 TO $1.11.SEES FY 2018 SALES $10.77 BILLION TO $10.94 BILLION.Q1 EARNINGS PER SHARE VIEW $1.03 -- THOMSON REUTERS I/B/E/S.REAFFIRMED ITS 2018 FULL YEAR ORGANIC GROWTH GUIDANCE.EXPECTS SECOND QUARTER 2018 ORGANIC NET SALES GROWTH OF 7.0% TO 9.0%.FOREIGN CURRENCIES ARE EXPECTED TO INCREASE SALES BY $125 MILLION IN Q2 2018.2018 NET EARNINGS ARE NOW EXPECTED TO BE WITHIN A RANGE OF $4.30 TO $4.40.FY2018 EARNINGS PER SHARE VIEW $4.37, REVENUE VIEW $10.71 BILLION -- THOMSON REUTERS I/B/E/S.Q2 REVENUE VIEW $2.67 BILLION -- THOMSON REUTERS I/B/E/S.Q2 EARNINGS PER SHARE VIEW $1.11 -- THOMSON REUTERS I/B/E/S.FOREIGN CURRENCIES ARE EXPECTED TO INCREASE 2018 SALES BY $405 MILLION, DUE TO APPRECIATION OF EURO AND CHINESE YUAN.  Full Article

Borgwarner Sets Quarterly Cash Dividend Of $0.17 Per Share
Thursday, 26 Apr 2018 

April 26 (Reuters) - BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17 PER SHARE.  Full Article

Borgwarner Updates 2020 Revenue Outlook To $11.5 Bln - $11.8 Bln, Supporting A 5 pct-7 pct Organic Growth Over Next Three Years
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Borgwarner Inc ::BORGWARNER UPDATES 2020 REVENUE OUTLOOK TO $11.5 BILLION - $11.8 BILLION, SUPPORTING A 5% TO 7% ORGANIC GROWTH OVER THE NEXT THREE YEARS.SEES FY 2018 EARNINGS PER SHARE $4.15 TO $4.25.SEES FY 2020 REVENUE $11.5 BILLION TO $11.8 BILLION.SEES FY 2018 SALES UP 5 TO 7 PERCENT.SEES FY 2018 SALES $10.4 BILLION TO $10.6 BILLION.- ‍EXPECTS ITS NET NEW BUSINESS BACKLOG TO DRIVE A COMPOUND ANNUAL ORGANIC GROWTH RATE OF 5.0% - 7.0% FROM 2017 THROUGH 2020​.SEES ‍ Q1 2018 ORGANIC NET SALES GROWTH OF 3.0% TO 5.5% COMPARED WITH Q1 2017 NET SALES OF $2.41 BILLION​.- SEES Q1 2018 NET EARNINGS OF $0.97 TO $1.01 PER DILUTED SHARE.- SEES SHARE REPURCHASES OF APPROXIMATELY $100 MILLION IN 2018.- ‍ FOREIGN CURRENCIES ARE EXPECTED TO INCREASE SALES IN Q1 2018 BY $70 MILLION, OR +2.9%​.Q1 EARNINGS PER SHARE VIEW $1.04, REVENUE VIEW $2.65 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $4.19, REVENUE VIEW $10.34 BILLION -- THOMSON REUTERS I/B/E/S.BORGWARNER - SEES FY 2018 FOREIGN CURRENCIES ARE EXPECTED TO INCREASE SALES BY $75 MILLION, PRIMARILY DUE TO APPRECIATION OF EURO.BORGWARNER SEES ‍FOR FULL YEAR 2018 FREE CASH FLOW WITHIN A RANGE OF $500 MILLION TO $550 MILLION​.  Full Article

Borgwarner says ‍board declared a 21 pct increase in quarterly cash dividend to $0.17 per share of common stock​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Borgwarner Inc :Borgwarner Inc says ‍board declared a 21% increase in quarterly cash dividend to $0.17 per share of common stock​.  Full Article

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U.S. autos rise on report China proposes slashing car purchase tax

Shares of U.S. automakers rose on Monday after a report that China was considering halving its car purchase tax to 5 percent to support its struggling auto industry, which has been hit hard by the ongoing Sino-U.S. trade war.