Borgwarner Inc Stock Price, News & Analysis

BorgWarner has secured a position on Fortune magazine's 2025 World's Most Admired Companies list for the third consecutive year, ranking 5th in the 'motor vehicle parts' category among 321 selected companies. The company was one of eight automotive parts suppliers recognized on the prestigious list.

The selection process, conducted by Fortune in partnership with Korn Ferry, began with approximately 1,500 candidates, including the 1,000 largest U.S. companies by revenue and non-U.S. Fortune Global 500 companies with revenues exceeding $10 billion. This pool was narrowed to 650 companies across 30 countries based on revenue rankings within their industries.

Companies were evaluated on nine key attributes, including investment value, management quality, product quality, social responsibility, and talent attraction. The final rankings were determined through votes from industry executives, directors, and analysts, with companies required to rank in the top half of their industry survey to be listed.

BorgWarner presented the Championship Driver's Trophy (Baby Borg) to Josef Newgarden for his 2024 Indianapolis 500 victory at the Henry Ford Museum of American Innovation. This marks Newgarden's second Baby Borg trophy, while Team Penske owner Roger Penske received his 20th Championship Team Owner's Trophy.

The Baby Borg, a 20-inch miniature version of the Borg-Warner Trophy, features Newgarden's name, team name, average speed, and sterling silver likeness. Newgarden's win makes him the sixth driver in history to achieve back-to-back Indy 500 victories. He will attempt to make history in 2025 by pursuing a third consecutive win.

Penske's 20 victories as team owner span six decades, starting in 1972, with 14 different winning drivers. The original Borg-Warner Trophy, commissioned in 1936, now features 111 faces of Indy 500 winners, with Newgarden's likeness being added in December 2024.

BorgWarner has been named to Forbes' America's Best Employers for Engineers 2025 list, as announced on November 20th, 2024. The recognition, presented in collaboration with Statista, was based on an independent survey of over 28,000 U.S. employees across various industry sectors.

The evaluation process included both personal feedback from employees and public opinions from industry professionals and family members. Chief Human Resources Officer Tania Wingfield emphasized the company's commitment to fostering innovation and investing in employee development through programs like Power To Evolve and leadership training initiatives.

This recognition highlights BorgWarner's dedication to maintaining a workplace culture that values employee satisfaction, career growth, and competitive compensation for engineering professionals.

BorgWarner announces leadership transition as Joseph Fadool, current EVP and COO, will succeed Frédéric Lissalde as President and CEO effective February 6, 2025. Lissalde will retire after 25 years with the company and remain in an advisory role until August 30, 2025. Fadool, a 14-year veteran of the company who has led four business units, brings extensive industry experience and operational expertise. The succession plan reflects the company's commitment to maintaining its leadership in electrified vehicle technology and market-leading product portfolio.

BorgWarner (NYSE: BWA) has announced its quarterly dividend declaration. The company's Board of Directors declared a quarterly cash dividend of $0.11 per share of common stock on November 6, 2024. The dividend will be paid on December 16, 2024, to stockholders of record as of December 2, 2024. BorgWarner, a global product leader in mobility innovation for over 130 years, continues its commitment to advancing eMobility solutions for a sustainable future.

BorgWarner has secured extensions on two transfer case contracts with a major North American OEM for upcoming vehicle launches. The company will supply Electro-Mechanical On-Demand (EMOD) and Electric Shift-on-the-Fly (ESOF) transfer cases for combustion and hybrid passenger truck platforms. Production is scheduled to begin in 2027 for two platforms and 2028 for the third. The EMOD offers faster response and improved torque accuracy, while the ESOF is designed for rugged part-time four-wheel drive systems. Both transfer cases feature BorgWarner's HY-VO® driveline chain and will be manufactured in Seneca, South Carolina.

BorgWarner has secured three major High Voltage Coolant Heater (HVCH) contracts in Asia. A Chinese OEM selected HVCH for an electric SUV with production starting Q2 2025, while a Korean manufacturer chose it for an electric pickup starting Q1 2025. Additionally, BorgWarner won its first HVCH contract with a Japanese OEM, with production beginning in 2028. The HVCH technology features a compact, modular design with Thick Film Element technology, offering power ranges from 3 to 10 kW and voltage compatibility from 250 to 800 volts. The system enhances battery performance, enables rapid cabin heating, and improves driving range efficiency.

BorgWarner (NYSE: BWA) reported Q3 2024 results with net sales of $3,449 million, down 5% year-over-year. The company achieved an adjusted operating margin of 10.1% and generated $356 million in operating cash flow. Despite a 5.6% decline in vehicle markets, earnings per share reached $1.08. BorgWarner increased its full-year adjusted operating margin guidance by 20 basis points and adjusted EPS guidance by 4%. The company completed a $400 million share repurchase program in 2024, with $300 million executed in Q3. Notable new business wins include transfer case awards and high-voltage coolant heater contracts.

BorgWarner has been recognized on Forbes' World's Top Companies for Women 2024 list, a prestigious award presented in collaboration with Statista. The selection process involved surveys of approximately 100,000 women across 37 countries, collecting over 750,000 data points. The evaluation was based on three key metrics: an Employer Brand Score measuring gender-related performance and workplace satisfaction, a Public Opinion Score assessing women's perception of gender equality, and a Leadership Score examining objective criteria like female CEO presence and women's representation in leadership positions.