secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000908255-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BorgWarner Q1 adj EPS $1.03 vs $0.81 YoY; raises FY EPS guidance
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- Q1 net sales $3,595M (+6% YoY, organic +7%); GAAP EPS $0.93, adj EPS $1.03.
- Board authorized additional $500M share repurchase; total auth $767M; $100M bought in Q1.
- eMotor wins with XPeng for 800V HVH eMotor; eTVD wins with Polestar and major European OEM.
- FY2024 guidance: sales $14.4-$14.9B; adj operating margin 9.2%-9.6%; adj EPS raised to $3.80-$4.15.
- eProduct sales expected $2.5-$2.8B (up from ~$2.0B in 2023); FY free cash flow $475-$575M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825524000019/0000908255-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825524000019/bwa-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000908255-24-000019

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