secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000908255-23-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000048/0000908255-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000048/bwa-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000908255-23-000048

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