secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000908255-24-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BorgWarner Q2 adj. EPS $1.19; raises FY adj. margin and EPS guidance, lowers sales view
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- Q2 net sales $3,603M (-2% YoY); GAAP EPS $1.39, adj. EPS $1.19 (up from $1.06 YoY).
- Adjusted operating margin 10.4% (GAAP 8.2%); net cash from ops $462M, free cash flow $297M.
- FY 2024 guidance: sales lowered to $14.1-$14.4B (from $14.4-$14.9B); adj. margin raised to 9.6-9.8% (from 9.2-9.6%).
- Adj. EPS guidance raised to $3.95-$4.15 (from $3.80-$4.15); plans $300M share repurchase in H2 2024.
- ePropulsion restructuring targets $100M annual savings by 2026; new business unit structure effective July 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825524000033/0000908255-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825524000033/bwa-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000908255-24-000033

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