Borgwarner Inc Stock Price, News & Analysis

BorgWarner Inc. (NYSE: BWA) announced the full redemption of its outstanding €500 million 1.80% Senior Notes due 2022 on June 18, 2021. The total redemption price will include 100% of the principal amount and any unpaid interest up to the redemption date, along with a Make-Whole Amount. This redemption is conducted through Euroclear and Clearstream banking systems, with DB Services Americas acting as the paying agent. The necessary approvals for this redemption have been secured, ensuring a smooth process.

BorgWarner announces an exciting increase in the rolling jackpot for the Indianapolis 500, now totaling $380,000. This prize is set for the next back-to-back winner, with Takuma Sato as a strong contender. Each year, the company adds $20,000 to the jackpot, which rolls over if not claimed. Since its inception, only five drivers have achieved back-to-back wins. The winner will also receive a miniature trophy as a keepsake, continuing BorgWarner's cherished tradition in motorsports.

BorgWarner Inc. (NYSE: BWA) has priced a public offering of €1.0 billion of 1.00% Senior Notes due in 2031. The company expects to net approximately €981 million after expenses. Proceeds will primarily be used to redeem €500 million of its existing 1.80% Senior Notes due in November 2022, with the remainder supporting general corporate purposes and financing the acquisition of AKASOL AG. The offering’s close is anticipated on May 19, 2021, pending customary conditions.

BorgWarner Inc. (BWA) reported a strong first quarter 2021, with net sales of $4,009 million, a 76% increase from last year. Adjusted net earnings per diluted share rose to $1.21, up from $0.77 in Q1 2020. The acquisition of Delphi Technologies significantly contributed to this growth. Operating cash flow was $342 million, and free cash flow reached $147 million. For 2021, the company anticipates net sales of $14.8 to $15.4 billion, driven by market recovery and the strengthening of foreign currencies, with adjusted net earnings projected between $4.00 and $4.35 per diluted share.

BorgWarner Inc. (NYSE: BWA) announced a quarterly cash dividend of $0.17 per share, to be paid on June 15, 2021. Stockholders recorded by June 1, 2021 will be eligible for this dividend. The company, a global leader in clean technology solutions for combustion, hybrid, and electric vehicles, operates 96 facilities across 24 countries with approximately 50,000 employees. This dividend reflects BorgWarner's ongoing commitment to returning value to shareholders while maintaining a strong operational presence worldwide.

BorgWarner Inc. (NYSE: BWA) will host its 2021 First Quarter Results Conference Call on May 5, 2021, at 9:00 AM Eastern Time. Investors can participate live by accessing the company's investor website. For those unable to attend, a recording of the call will be archived for later access. BorgWarner specializes in technology solutions for combustion, hybrid, and electric vehicles, operating in 96 locations across 24 countries with around 50,000 employees worldwide.

BorgWarner Inc. (NYSE: BWA) will host its 2021 First Quarter Results Conference Call on May 5, 2021, at 9:00 AM Eastern Time. This live webcast will be accessible via the company's investor relations website. The call will focus on the company's latest financial outcomes and projections, reflecting its commitment to providing stakeholders with timely updates. Following the live event, a recorded version will also be available for those unable to attend.

BorgWarner, a leading global provider of clean technology solutions for vehicles, has achieved the Great Place to Work-Certified™ status for the second consecutive year. This certification, based on rigorous employee feedback, indicates that 70% of employees report a positive experience at the company. Chief Human Resources Officer, Felecia Pryor, emphasized the company's commitment to a collaborative and inclusive workplace. This recognition reinforces BorgWarner's focus on fostering a trusting workplace culture, which is linked to enhanced business performance.