secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000908255-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BorgWarner reports Q4/FY2023 results; guides 2024 sales $14.4-14.9B, eProduct sales up 25-40%
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- Q4 GAAP EPS $0.64, adjusted EPS $0.90; FY GAAP EPS $2.70, adjusted EPS $3.75.
- FY net sales $14,198M (+12.4% YoY); organic sales +12.5%.
- 2024 guidance: net sales $14.4-14.9B, eProduct sales $2.5-2.8B (growth ~25-40% from $2.0B).
- Strategic: LFP battery partnership with BYD's FinDreams, completed Eldor e-propulsion acquisition, new EV awards from Xpeng and major OEM.
- Quarterly dividend $0.11/share, payable March 15, 2024 to holders of record March 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825524000005/0000908255-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825524000005/bwa-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000908255-24-000005

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