earnings
confidence high
sentiment positive
materiality 0.75
BorgWarner Q3 adjusted EPS $1.09; sales $3.45B; raises FY margin & EPS guidance
BORGWARNER INC
2024-Q3 EPS reported
$3.28
revenue$10,647,000,000
- GAAP EPS $1.08 vs $0.37 YoY; adjusted EPS $1.09 vs $0.98, up 11%.
- Sales $3,449M (-5% YoY); organic sales down 5.1% on lower market production.
- Adjusted operating margin 10.1% (GAAP 7.8%); free cash flow $201M.
- Raised full-year adj. EPS guide to $4.15-$4.30, adj. margin 9.8%-10.0%.
- Completed $400M share repurchase in 2024; new segment structure effective July 1.