BorgWarner Q3 adj. EPS $0.98 beats prior year; guides FY sales $14.1-14.3B

BORGWARNER INC

2023-Q3 EPS reported $2.01 revenue$10,676,000,000

Q3 net sales $3,622M (+12% YoY); GAAP EPS $0.37; adj. EPS $0.98 vs $0.80 YoY.
eProduct sales seen at $2.0-2.1B in 2023, up from ~$1.5B in 2022.
New eProduct awards: 800V OBC (N. America, 2027), CIDD (Europe, 2025), HVCH (2026), inverters for Volvo.
FY 2023 guidance: net sales $14.1-14.3B; adj. EPS $3.60-3.80; free cash flow $400-450M.
SBTi validates targets: 85% Scope 1&2 and 25% Scope 3 GHG reductions by 2030.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BORGWARNER INC reported quarter and nine months ended September 30, 2023 results: revenue $3,622 million, net income $0.37 per diluted share, EPS $0.37 per diluted share. Guidance reaffirmed.

Period: quarter and nine months ended September 30, 2023
Revenue: $3,622 million
Net income: $0.37 per diluted share
EPS: $0.37 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

a 2021 base year and to reduce absolute Scope 3 GHG emissions 25% by 2030 from a 2021 base year. Third Quarter Highlights (continuing operations basis): • U.S. GAAP net sales of $3,622 million, an increase of 12% compared with third quarter 2022. ◦ Excluding the impact of foreign currencies and the acquisitions of Drivetek and SSE, organic sales were up 11% compared

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Source: SEC EDGAR

accession 0000908255-23-000048

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