Edition:
United States

BorgWarner Inc (BWA)

BWA on New York Consolidated

56.94USD
19 Jan 2018
Change (% chg)

$-0.17 (-0.30%)
Prev Close
$57.11
Open
$57.23
Day's High
$57.41
Day's Low
$56.82
Volume
959,170
Avg. Vol
1,436,208
52-wk High
$58.22
52-wk Low
$37.54

Latest Key Developments (Source: Significant Developments)

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

BorgWarner enters agreement to acquire Sevcon
Monday, 17 Jul 2017 07:30am EDT 

July 17 (Reuters) - BorgWarner Inc ::BorgWarner enters into agreement to acquire Sevcon.Expected enterprise value of transaction at closing is approximately $200 million​.  Full Article

Sevcon signs definitive agreement to be acquired by BorgWarner
Monday, 17 Jul 2017 07:30am EDT 

July 17 (Reuters) - Sevcon Inc -:Sevcon signs definitive agreement to be acquired by BorgWarner.Sevcon Inc - ‍transaction price of $22.00 per share represents a 61% premium to closing sale price of common stock of company on Friday​.Sevcon inc - ‍sevcon board of directors has unanimously approved merger agreement and has recommended approval of merger by Sevcon's stockholders​.Sevcon Inc - ‍transaction is not subject to a financing condition​.Sevcon Inc - ‍total transaction value, including assumption of indebtedness, is expected to be approximately $200 million at closing of transaction​.  Full Article

BorgWarner enters into third amended and restated credit agreement with Bank Of America, other lenders
Friday, 30 Jun 2017 02:08pm EDT 

June 30 (Reuters) - BorgWarner Inc ::Says on June 29, co entered into a third amended and restated credit agreement with Bank Of America, other lenders - SEC filing.BorgWarner says under amendment, lenders committed to provide loans under unsecured revolving credit facility in initial maximum principal amount of up to $1.2 billion.BorgWarner says the commitments of the lenders under the credit facility mature on June 29, 2022.BorgWarner says under amendment, initial maximum principal amount, may be increased by additional principal amount of up to $300 million on co's request.  Full Article

BRIEF-Borgwarner Appoints Frédéric Lissalde Chief Operating Officer

* BORGWARNER APPOINTS FRÉDÉRIC LISSALDE CHIEF OPERATING OFFICER Source text for Eikon: Further company coverage: