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BorgWarner Inc (BWA.N)

BWA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Borgwarner Sets Quarterly Cash Dividend Of $0.17Per Share
Thursday, 26 Jul 2018 06:30am EDT 

BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17PER SHARE.  Full Article

Borgwarner Posts Q2 Adj. Earnings Per Share $1.18
Thursday, 26 Jul 2018 06:30am EDT 

July 26 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS SECOND QUARTER 2018 U.S. GAAP NET EARNINGS OF $1.30 PER DILUTED SHARE, OR $1.18 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q2 EARNINGS PER SHARE $1.18 EXCLUDING ITEMS.Q2 GAAP EARNINGS PER SHARE $1.30.Q2 SALES $2.694 BILLION VERSUS I/B/E/S VIEW $2.72 BILLION.Q2 EARNINGS PER SHARE VIEW $1.10 -- THOMSON REUTERS I/B/E/S.SEES Q3 2018 EARNINGS PER SHARE $1.03 TO $1.06.SEES FY 2018 SALES $10.64 BILLION TO $10.75 BILLION.INCREASED ITS 2018 FULL YEAR ORGANIC GROWTH GUIDANCE..SEES FULL YEAR ORGANIC SALES GROWTH OF APPROXIMATELY 6.0% TO 7.0%.Q3 NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $1.03 TO $1.06 PER DILUTED SHARE.BORGWARNER - FOREIGN CURRENCIES ARE EXPECTED TO INCREASE SALES BY $220 MILLION, DUE TO APPRECIATION OF EURO AND CHINESE YUAN IN 2018.BORGWARNER - SEES FULL YEAR 2018 NET EARNINGS ARE NOW EXPECTED TO BE WITHIN A RANGE OF $4.45 TO $4.50 PER DILUTED SHARE.Q3 EARNINGS PER SHARE VIEW $1.05, REVENUE VIEW $2.64 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $4.38, REVENUE VIEW $10.89 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Borgwarner Posts Q4 Adj. Earnings Per Share $1.07
Thursday, 8 Feb 2018 06:34am EST 

Feb 8 (Reuters) - Borgwarner Inc ::BORGWARNER REPORTS FOURTH QUARTER 2017 U.S. GAAP NET LOSS OF $(0.70) PER BASIC SHARE, OR EARNINGS OF $1.07 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q4 SALES ROSE 14.5 PERCENT TO $2.586 BILLION.Q4 EARNINGS PER SHARE $1.07 EXCLUDING ITEMS.SEES FY 2018 SALES $10.52 BILLION TO $10.69 BILLION.Q4 GAAP LOSS PER SHARE $0.70.Q4 EARNINGS PER SHARE VIEW $1.01, REVENUE VIEW $2.52 BILLION -- THOMSON REUTERS I/B/E/S.MAINTAINS FULL YEAR ORGANIC GROWTH AND MARGIN GUIDANCE RANGE.FY2018 REVENUE VIEW $10.53 BILLION -- THOMSON REUTERS I/B/E/S.‍COMPANY HAS REAFFIRMED ITS 2018 Q1 ORGANIC GROWTH GUIDANCE​.BORGWARNER SAYS RECOGNIZED INCOME TAX EXPENSE OF $273.5 MILLION IN YEAR ENDED DEC 31, 2017.‍FOREIGN CURRENCIES ARE EXPECTED TO INCREASE 2018 SALES BY $170 MILLION​.SEES FY 2018 NET EARNINGS TO BE WITHIN A RANGE OF $4.25 TO $4.35 PER DILUTED SHARE.‍FOREIGN CURRENCIES ARE EXPECTED TO INCREASE Q1 2018 SALES BY $100 MILLION​.SEES Q1 2018 NET EARNINGS TO BE WITHIN A RANGE OF $0.99 TO $1.03 PER DILUTED SHARE.FY2018 EARNINGS PER SHARE VIEW $4.32 -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $1.05 -- THOMSON REUTERS I/B/E/S.  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 09:13am EST 

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

Borgwarner Q3 earnings per share view $0.88 -- thomson reuters i/b/e/s
Thursday, 26 Oct 2017 06:30am EDT 

Oct 26 (Reuters) - Borgwarner Inc :Borgwarner reports third quarter 2017 U.S. GAAP net earnings of $0.88 per diluted share, or $0.95 per diluted share excluding non-comparable items.Q3 earnings per share $0.95 excluding items.Q3 gaap earnings per share $0.88.Q3 sales $2.416 billion versus I/B/E/S view $2.26 billion.Q3 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.Sees Q4 2017 earnings per share $0.99 to $1.01.Borgwarner Inc sees ‍full year 2017 net sales expected to be $9.67 billion - $9.70 billion​.Says for Q4 2017, ‍foreign currencies are expected to increase sales by approximately $85 million​.Borgwarner Inc - sees full year 2017 ‍net earnings to be within a range of $3.81 to $3.83 per diluted share​.  Full Article

Sevcon stockholders approve acquisition by Borgwarner
Friday, 22 Sep 2017 04:05pm EDT 

Sept 22 (Reuters) - Sevcon Inc :Sevcon stockholders approve acquisition by Borgwarner.Sevcon Inc - ‍Holders of more than 99% of Sevcon's common stock present at meeting voted in favor of approving and adopting merger​.Sevcon Inc - ‍Closing of acquisition with Borgwarner​ is expected to occur on or about September 27, 2017.  Full Article

Sevcon says Louis Scarantino filed purported stockholder class action lawsuit against co
Thursday, 24 Aug 2017 05:21pm EDT 

Aug 24 (Reuters) - Borgwarner Inc :Sevcon Inc - ‍On Aug 22, Louis Scarantino filed purported stockholder class action lawsuit against co,directors,Borgwarner, and one of its unit in court.Sevcon- ‍Plaintiff alleges co's prelim proxy statement filed on Aug 8 omits/ misrepresents material info regarding some financial data.Sevcon- ‍Plaintiff also alleges prelim proxy statement omits/ misrepresents material info regarding some analyses underlying Rothschild Inc's opinion.  Full Article

Borgwarner declares quarterly cash dividend of $0.14 per share
Thursday, 27 Jul 2017 06:31am EDT 

July 27 (Reuters) - Borgwarner Inc :Borgwarner Inc - declared a quarterly cash dividend of $0.14 per share of common stock.  Full Article

BorgWarner Q2 earnings per share $0.96 excluding items
Thursday, 27 Jul 2017 06:30am EDT 

July 27 (Reuters) - BorgWarner Inc ::BorgWarner reports second quarter 2017 U.S. Gaap net earnings of $1.00 per diluted share, or $0.96 per diluted share excluding non-comparable items.Q2 earnings per share $0.96 excluding items.Q2 gaap earnings per share $1.00.Q2 sales $2.39 billion versus I/B/E/S view $2.28 billion.Q2 earnings per share view $0.89 -- Thomson Reuters I/B/E/S.Sees FY 2017 sales $9.28 billion to $9.38 billion.Sees Q3 net earnings are expected to be within a range of $0.84 to $0.87 per diluted share..Q3 earnings per share view $0.84, revenue view $2.18 billion -- Thomson Reuters I/B/E/S.BorgWarner Inc says raises full year eps guidance to $3.65 - $3.70.BorgWarner Inc says company expects Q3 2017 organic net sales growth of 3.0% to 6.0% compared with Q3 2016 proforma net sales of $2.1 billion.FY 2017 earnings per share view $3.58, revenue view $9.14 billion -- Thomson Reuters I/B/E/S.BorgWarner Inc sees ‍2017 organic net sales growth of 6.5% to 7.5%​.BorgWarner Inc - ‍foreign currencies are expected to lower FY sales by approximately $100 million​.BorgWarner Inc says foreign currencies are expected to lower Q3 sales by approximately $36 million.BorgWarner Inc - ‍excluding impact of non-comparable items, operating margin is expected to improve by 30 to 40 basis points for FY​.  Full Article

Sevcon and Borgwarner provide update on merger agreement termination fee
Monday, 17 Jul 2017 07:50am EDT 

July 17 (Reuters) - Borgwarner Inc ::Sevcon Inc , Borgwarner updates on merger agreement termination fee - sec filing.Sevcon Inc, Borgwarner termination fee is $1.6 million if it becomes payable in connection with a superior proposal.Sevcon Inc, Borgwarner reverse termination fee set at $4.8 million.  Full Article

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