BorgWarner reports FY2022 adjusted EPS $4.60; plans spin-off of Fuel Systems and Aftermarket

BORGWARNER INC

2022-FY EPS reported $3.99 revenue$15,801,000,000

Q4 GAAP EPS $1.09, adjusted $1.26; FY2022 GAAP EPS $3.99, adjusted $4.60, above guidance.
FY2022 revenue $15.8B (+6.5%); Q4 revenue $4.1B (+12.4%); organic sales up 14% YoY.
Plans tax-free spin-off of Fuel Systems and Aftermarket into a separate public company.
2023 guidance: revenue $16.7-17.5B; adjusted EPS $4.50-5.00; free cash flow $550-650M.
Expects 2023 EV sales $1.5-1.8B (from $870M in 2022); on track for $4.3B by 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.5

BORGWARNER INC reported financial results for quarter and year ended December 31, 2022.

Period: quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 9, 2023, BorgWarner Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000908255-23-000008

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