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.
BorgWarner Inc. reports developments as a global automotive supplier serving original equipment manufacturers with turbo and thermal management technologies, drivetrain systems, powerdrive systems, and battery and charging systems. Company updates commonly cover OEM program awards for passenger cars, vans, commercial vehicles and off-highway applications, including variable turbine geometry turbochargers, exhaust gas recirculation coolers, controllers and battery management systems.
Recurring news also includes quarterly earnings, shareholder returns, sustainability recognition and BorgWarner's long-running Indianapolis 500 trophy programs. The company's disclosures reflect a supplier portfolio spanning combustion vehicle technologies and electrified mobility components across major automotive markets.
BorgWarner (BWA) has extended its contracts with a major North American OEM for wastegate turbocharger programs targeting midsized gasoline engines. The extension will continue through 2028 and beyond, supplying turbochargers for the automaker's midsized and large SUVs, and truck applications.
The wastegate turbo technology features electrically actuated wastegate actuators that enable precise boost level control, improving fuel efficiency and reducing emissions. The robust design focuses on lightweighting and durability while delivering quick boost response and powerful performance.
The partnership, spanning over 10 years, involves supplying one to two turbochargers per engine platform, depending on specifications. The turbochargers amplify engine output by generating more horsepower in a smaller, more compact package, with each unit optimized for specific performance requirements.
BorgWarner (NYSE: BWA) reported Q4 and full-year 2024 results, showing Q4 net sales of $3,439 million, down 2.4% year-over-year, with an adjusted operating margin of 10.2%. The company recorded a Q4 net loss of $(1.84) per diluted share, including $646 million in goodwill and fixed asset impairment charges.
For full-year 2024, net sales were $14,086 million, down 0.8% from 2023, with adjusted net earnings of $4.32 per diluted share. The company generated $1,382 million in operating cash flow and $729 million in free cash flow.
Looking ahead to 2025, BorgWarner expects net sales between $13.4-14.0 billion, with organic sales growth ranging from -2% to +2%. The company forecasts adjusted operating margin of 10.0-10.2% and adjusted net earnings of $4.05-4.40 per diluted share, despite expecting weighted light and commercial vehicle markets to decline 1-3%.
BorgWarner (NYSE: BWA) has announced its latest quarterly dividend declaration. The company's Board of Directors approved a quarterly cash dividend of $0.11 per share of common stock on February 5, 2025. The dividend will be payable on March 17, 2025, to stockholders of record as of March 3, 2025.
BorgWarner, a global product leader in mobility innovation for over 130 years, continues its commitment to shareholder returns while focusing on accelerating the world's transition to eMobility solutions.
BorgWarner has been named to Corporate Knights' 2025 Global 100 sustainability index for the first time, ranking 64th overall and 6th in the automotive sector as the only automotive supplier included. The assessment covered 8,359 publicly traded companies with over $1B in revenue, evaluated across 25 key performance indicators.
Key achievements include: 87% of 2023 revenue from EV and emissions-reducing products, 66% of R&D and 61% of capital expenditures dedicated to eProducts, and a 32% reduction in Scope 1 and 2 emissions compared to 2021. The company also reported that 64% of leadership positions were filled internally, exceeding their 50% goal, with improved voluntary turnover rates from 2022 to 2023.
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 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.