secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000908255-23-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BorgWarner Q1 revenue up 8% to $4.18B; adjusted EPS $1.09; lifts FY 2023 sales guidance
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- GAAP EPS $0.93, adjusted EPS $1.09 vs $1.05 a year ago; net earnings $217M.
- Organic sales grew 12% YoY; full-year 2023 revenue guided $17.1-17.9B (prior ~$16.5B).
- eProduct sales forecast $2.3-2.6B, including $1.5-1.8B EV sales, up from $870M in 2022.
- Free cash flow was -$290M in Q1; operating cash flow guided $1.4-1.55B for full year.
- New EV wins: battery packs for electric buses, eMotors for Chinese OEM, eFans for commercial trucks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000024/0000908255-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000024/bwa-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000908255-23-000024

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