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BorgWarner Inc (BWA)

BWA on New York Consolidated

33.02USD
22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Borgwarner says will do M&A to enable path to electrification-Wells Fargo Conf
Tuesday, 10 May 2016 11:51am EDT 

Borgwarner Inc : Says watching North America vehicle inventory levels on concerns related to slow down in auto industry later this year . Says sees 30 pct of vehicles to have some sort of electrified powertrain by 2025, but only 5 pct to be pure electric . Says lot of runway left for internal combustion engines . Says building rapidly its power electronics and software capability; and says is not done with M&A . Says will do additional M&A to enable path to electrification Further company coverage: [BWA.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

BorgWarner Inc declares quarterly dividend
Wednesday, 11 Nov 2015 04:20pm EST 

BorgWarner Inc:Declared a quarterly cash dividend of $0.13 per share of common stock.Dividend is payable on December 15, 2015 to shareholders of record on December 1, 2015.  Full Article

BorgWarner completes acquisition of Remy International
Tuesday, 10 Nov 2015 04:30pm EST 

BorgWarner Inc:Has finalized its acquisition of Remy International, Inc.  Full Article

BorgWarner prices EUR500 mln senior notes offering
Monday, 2 Nov 2015 05:26pm EST 

BorgWarner Inc:Announced that it priced a public offering of EUR500 million aggregate principal amount of its 1.80% senior notes due 2022.Expects that it will receive approximately EUR494.1 million of net proceeds from the offering after deducting underwriting discounts, commissions and expenses of the offering.Company intends to use the net proceeds for general corporate purposes.  Full Article

Remy International, Inc. Announces Receipt of Korean Antitrust Approval for BorgWarner Inc.'s Acquisition of Remy International, Inc
Wednesday, 14 Oct 2015 04:30pm EDT 

Remy International, Inc:Says that on October 13, 2015, Korea Fair Trade Commission granted approval of the proposed acquisition of Remy by BorgWarner Inc.As previously announced by Remy, on September 22, 2015, Remy's stockholders adopted the Agreement and Plan of Merger, dated as of July 12, 2015, by and among Remy, BorgWarner and Band Merger Sub, Inc. at special meeting of Remy's stockholders called for such purpose.  Full Article

BorgWarner Inc updates on FY 2015 guidance
Thursday, 30 Jul 2015 08:00am EDT 

BorgWarner Inc:Sees FY 2015 net sales growth to be within a range of -5.5 pct. to -2.5 pct. down from -4 pct. to 0 pct. previously.Sees FY 2015 Net earnings per share, excluding non-comparable items, is now expected to be within a range of $2.95 to $3.10 per diluted share compared with a previous range of $3.10 to $3.30 per diluted share.  Full Article

BorgWarner declares quarterly cash dividend
Wednesday, 29 Jul 2015 04:33pm EDT 

BorgWarner Inc:Declares a quarterly cash dividend of $0.13 per share of common stock.Payable on Sept. 15 to shareholders of record on Sept. 1.  Full Article

BorgWarner lowers FY 2015 guidance
Thursday, 30 Apr 2015 08:01am EDT 

BorgWarner Inc:Expects FY 2015 net sales growth to be within a range of -4 pct to 0 pct compared with 2014, down from 2 pct to 6 pct previously.Lowers FY 2015 net EPS guidance to a range of $3.10 to $3.30 per diluted share from a previous range of $3.35 to $3.55 per diluted share.Reported revenue of $8.30 bln in FY 2014.FY 2015 revenue of $8.56 bln and EPS of $3.43 - Thomson Reuters I/B/E/S.  Full Article

BorgWarner Inc declares quarterly dividend
Wednesday, 29 Apr 2015 04:05pm EDT 

BorgWarner Inc:Declares a quarterly cash dividend of $0.13 per share of common stock.Payable on June 15 to shareholders of record on June 1.  Full Article

BorgWarner Inc prices $1.0 billion senior notes offering
Monday, 9 Mar 2015 05:37pm EDT 

BorgWarner Inc:Prices public offering of $1.0 bln aggregate principal amount of fixed rate senior notes.$500 mln of 3.375 pct senior notes due 2025, and $500 mln of 4.375 pct senior notes due 2045.Company expects that it will receive about $988 mln of net proceeds from the offering after deducting underwriting discounts, commissions and expenses of the offering.Intends to use net proceeds for general corporate purposes, including the repayment of U.S. short-term indebtedness, and to partially fund its previously announced $1.0 bln share repurchase program.Offering is expected to close on March 16, subject to customary closing conditions.Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC are serving as joint book-running managers for the offering.  Full Article

BRIEF-BorgWarner expects lower growth from Remy's commercial vehicle business

* "We believe that diesel gas mix will slowly evolve and shift a little more to gas over the next couple of years" - conf call