secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000908255-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000008/0000908255-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000008/bwa-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000908255-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer