secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000908255-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BorgWarner Q2 sales up 20% to $4.52B; adj EPS $1.35; FY guidance raised; acquires Eldor EHS
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- GAAP net sales $4,520M (+20% YoY); GAAP EPS $0.87; adjusted EPS $1.35 (pro forma $1.05).
- Completed PHINIA spin-off July 3; FY 2023 guidance: sales $14.2-14.6B, adj EPS $3.50-$3.85.
- Agreed to acquire Eldor's EHS segment for €75M plus earnout; adds on-board charger and DC/DC converter tech.
- Won multiple EV contracts: East Asian OEM inverters/eMotors (2025), Chinese OEM iDM (2024), HVCH for three platforms (2025).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000041/0000908255-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000041/bwa-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000908255-23-000041

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