Welcome to our dedicated page for BorgWarner news (Ticker: $BWA), a resource for investors and traders seeking the latest updates and insights on BorgWarner stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BorgWarner's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BorgWarner's position in the market.
BorgWarner Inc. reported strong first quarter results, including an increase in net sales and adjusted earnings per diluted share compared to the previous year. The company secured contracts for electric vehicle systems with XPeng, Polestar, and a major European OEM. BorgWarner also announced a share repurchase program of up to $500 million, in addition to repurchasing $100 million of its outstanding shares during the quarter. Full-year EPS guidance has been raised, with expected net sales in the range of $14.4 to $14.9 billion. Operating margin and adjusted net earnings per diluted share are also expected to increase for the full year.
