BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company's Engine segment offers turbocharger and turbocharger actuators; eBoosters; and timing systems products, including timing chains, variable cam timing, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains. It also provides emissions systems, such as electric air pumps and exhaust gas recirculation (EGR) modules, EGR coolers and valves, glow plugs, and instant starting systems; thermal systems products comprising viscous fan drives, polymer fans, coolant pumps, cabin heaters, battery heaters, and battery charging; and gasoline ignition technologies. The company's Drivetrain segment offers friction and mechanical products that include dual and friction clutch modules, friction and separator plates, transmission bands, torque converter and one-way clutches, and torsional vibration dampers. It also provides electro-hydraulic solenoids, transmission solenoid modules, and dual clutch control modules; rear-wheel drive/all-wheel drive (AWD) transfer case systems, front wheel drive-AWD coupling systems, and cross-axle coupling systems; starters, alternators, and hybrid electric motors; and motor controllers, battery chargers, and uninterrupted power source systems. The company sells its products to original equipment manufacturers of light vehicles, which comprise passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, including medium-duty and heavy-duty trucks, and buses; and off-highway vehicles, such as agricultural and construction machinery, and marine applications, as well as to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles. The company was formerly known as Borg-Warner Automotive, Inc. BorgWarner Inc. was founded in 1987 and is headquartered in Auburn Hills, Michigan.
IPO Year:
Exchange: NYSE
Website: borgwarner.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/5/2024 | Peer Perform | Wolfe Research | |
3/15/2024 | $43.00 | Overweight | Piper Sandler |
2/20/2024 | $43.00 → $35.00 | Outperform → Neutral | Exane BNP Paribas |
1/3/2024 | $45.00 → $39.00 | Outperform → Neutral | Robert W. Baird |
11/16/2023 | $41.00 | Neutral → Buy | Guggenheim |
11/3/2023 | $47.00 → $36.00 | Buy → Hold | Deutsche Bank |
9/13/2023 | $52.00 | Buy | UBS |
8/17/2023 | $44.00 | Buy → Neutral | Nomura |
7/6/2023 | $54.00 → $67.00 | Neutral → Buy | BofA Securities |
5/15/2023 | $49.00 → $50.00 | Equal-Weight → Overweight | Morgan Stanley |
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AUBURN HILLS, Mich., Aug. 29, 2024 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, won several coveted Brandon Hall Group™ awards: a silver award in the category of Best Learning Program Supporting a Change Transformation Business Strategy, and two bronze awards for the categories of Best New Hire and Onboarding Program, and Best Competencies and Skill Development. BorgWarner's wins were announced on August 22, 2024. You can view the complete list of winners here: https://excellenceawards.brandonhall.com/winners/
AUBURN HILLS, Mich., Aug. 21, 2024 /PRNewswire/ -- BorgWarner has been awarded on the Forbes list of America's Best-In-State Employers 2024, marking the third consecutive year the company has made the list. This prestigious award is presented by Forbes and Statista Inc., the leading statistics portal and industry ranking provider. The award list was announced on August 20th, 2024, and can be viewed on the Forbes website. America's Best-In-State Employers 2024 have been identified in an independent survey from a vast sample of over 160,000 employees working for companies employ
AUBURN HILLS, Mich., Aug. 16, 2024 /PRNewswire/ -- BorgWarner has been named a winner in PR Daily's Social Media & Digital Awards in both the LinkedIn and Twitter/X categories. PR Daily's Social Media & Digital Awards celebrates the organizations, people and teams that know how to earn audience attention online. They are continuing to advance the fields of social media and digital communications, leading to success for their organizations or clients. Finalists in this year's program were honored at a special industry event on Thursday, August 1, at the Yale Club in New York C
AUBURN HILLS, Mich., Aug. 14, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) (the "Company") today announced the expiration and final results of its previously announced tender offers (the "Tender Offers") to purchase for cash any and all of the Company's outstanding 3.375% Senior Notes due 2025 (the "3.375% Notes") and 5.000% Senior Notes due 2025 (the "5.000% Notes" and collectively with the 3.375% Notes, the "Notes"), on the terms and conditions set forth in the Offer to Purchase, dated August 7, 2024 (the "Offer to Purchase") and the related Notice of Guarantee Delivery attached to the Offer to Purchase (the "Notice of Guaranteed Delivery" and collectively with the Offer to Purchase, th
AUBURN HILLS, Mich., Aug. 13, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) (the "Company") today announced that it has priced the previously announced tender offers (the "Tender Offers") to purchase for cash any and all of the Company's outstanding 3.375% Senior Notes due 2025 and 5.000% Senior Notes due 2025 (collectively, the "Notes"). All terms and conditions set forth in the Offer to Purchase, dated August 7, 2024 (the "Offer to Purchase") and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the "Notice of Guaranteed Delivery" and collectively with the Offer to Purchase, the "Tender Offer Documents"), remain unchanged.
AUBURN HILLS, Mich., Aug. 7, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) ("BorgWarner" or the "Company") announced today it priced a public offering of $500 million aggregate principal amount of its 4.950% Senior Notes due 2029 (the "2029 Notes") and $500 million aggregate principal amount of its 5.400% Senior Notes due 2034 (the "2034 Notes" and, together with the 2029 Notes, the "Senior Notes"). The Company expects that it will receive approximately $987 million of net proceeds from the offering after deducting the underwriting discounts and the offering expenses payable
AUBURN HILLS, Mich., Aug. 7, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) (the "Company") today announced that it has commenced tender offers to purchase for cash the debt securities issued by the Company listed in the table below (collectively, the "Notes," and each a "series"). Title ofSecurity CUSIP No. PrincipalAmountOutstanding U.S. TreasuryReferenceSecurity BloombergReferencePage FixedSpread 3.375% Senior Notesdue 2025 099724AJ5 $384,474,000 1.75% U.S.Treasury dueMarch 15,2025 FIT3 0 bps 5.000% Senior Notesdue 2025 099724AM8 /U0560UAA0 $453,187,000 5.00% U.S.Treasury
Contracts for two different exhaust gas recirculation (EGR) coolers awardedResult of strong relationship development and technology leadershipProprietary compact floating core architecture enables high levels of reliability, extends product lifeAUBURN HILLS, Mich., July 31, 2024 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is boosting its thermal management product business by securing exhaust gas recirculation (EGR) cooler contracts with a prominent, North America based commercial vehicle (CV) customer. The company's emissions-reducing EGR solution offers high robustness against thermal fatigue and an optimized internal des
eXD (electric cross differential) improves vehicle traction, handling and stabilityTechnology is applicable to all architectures, including front and rear drive unitsHighlights BorgWarner's proven capabilities to offer intelligent vehicle propulsion systems to customers on a global basisAUBURN HILLS, Mich., July 31, 2024 /PRNewswire/ -- BorgWarner has secured contracts to supply its electric cross differential (eXD) to three major OEMs, including GAC Motor, a Global East Asian OEM, and a Global OEM based in Europe. The companies will incorporate BorgWarner's eXD technology on both rear- and front-wheel-drive battery electric vehicle (BEV) applications ranging from sports cars to premium seda
Marks the company's largest eFan business win in North AmericaeFan can reach up to 10 kW power and 40 Nm torqueSystem's e-motor and power electronics are liquid cooled for long-term reliabilityAUBURN HILLS, Mich., July 31, 2024 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, has secured a contract to deliver its high-voltage eFan system for use on a major global OEM's series of heavy- and medium-duty battery electric vehicles (BEVs) in North America. The contract marks BorgWarner's largest eFan business win in North America, with start of production slated for Q4 2027.
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Wolfe Research resumed coverage of BorgWarner with a rating of Peer Perform
Piper Sandler initiated coverage of BorgWarner with a rating of Overweight and set a new price target of $43.00
Exane BNP Paribas downgraded BorgWarner from Outperform to Neutral and set a new price target of $35.00 from $43.00 previously
Robert W. Baird downgraded BorgWarner from Outperform to Neutral and set a new price target of $39.00 from $45.00 previously
Guggenheim upgraded BorgWarner from Neutral to Buy and set a new price target of $41.00
Deutsche Bank downgraded BorgWarner from Buy to Hold and set a new price target of $36.00 from $47.00 previously
UBS initiated coverage of BorgWarner with a rating of Buy and set a new price target of $52.00
Nomura downgraded BorgWarner from Buy to Neutral and set a new price target of $44.00
BofA Securities upgraded BorgWarner from Neutral to Buy and set a new price target of $67.00 from $54.00 previously
Morgan Stanley upgraded BorgWarner from Equal-Weight to Overweight and set a new price target of $50.00 from $49.00 previously
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B of A Securities analyst John Murphy maintains BorgWarner (NYSE:BWA) with a Buy and lowers the price target from $50 to $45.
JP Morgan analyst Ryan Brinkman maintains BorgWarner (NYSE:BWA) with a Overweight and lowers the price target from $52 to $50.
9 analysts have shared their evaluations of BorgWarner (NYSE:BWA) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 3 2 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $41.67, a high estimate of $45.00, and a low estimate of $38.00. This upward trend is app
Baird analyst David Leiker maintains BorgWarner (NYSE:BWA) with a Neutral and lowers the price target from $40 to $38.
UBS analyst Colin Langan maintains BorgWarner (NYSE:BWA) with a Buy and raises the price target from $41 to $42.
The stock market is up solidly this year, thanks to expectations of rate cuts by the Federal Reserve amid easing inflationary pressure, strong corporate earnings and optimism over the potential of artificial intelligence technology’s potential. Building On Gains: The S&P 500 Index, a measure of broader market performance, has gained a robust 14.48% so far this year, and it is up 3.92% for the second quarter. The index last hit a record closing high (5,487.03) on June 18, and breached the 5,500 mark intraday on June 20. Since then, the broader gauge has been going about a consolidation move. The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the performance of th
In the last three months, 8 analysts have published ratings on BorgWarner (NYSE:BWA), offering a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 3 2 0 0 3M Ago 0 1 0 0 0 Analysts have set 12-month price targets for BorgWarner, revealing an average target of $42.38, a high estimate of $45.00, and a low estimate of $40.00. Surpassing the previous average price target of $3
Wells Fargo analyst Colin Langan maintains BorgWarner (NYSE:BWA) with a Overweight and lowers the price target from $45 to $44.
• Company Also Establishes New Business Unit StructureAUBURN HILLS, Mich., May 30, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) today announced that Joseph Fadool, current Vice President of BorgWarner Inc. and President and GM, Emissions, Thermal and Turbo Systems, has been promoted to Executive Vice President and Chief Operating Officer of BorgWarner Inc., effective July 1, 2024. As Chief Operating Officer, Mr. Fadool will be responsible for the operations of the Company with the business unit presidents reporting to him. Mr. Fadool will report to Frédéric Lissalde, President and Chief Executive Officer.
Citigroup analyst Itay Michaeli maintains BorgWarner (NYSE:BWA) with a Neutral and raises the price target from $33 to $41.
AUBURN HILLS, Mich., July 31, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) today reported second quarter results. Strong Second Quarter Margin and Free Cash Flow, Increasing Full Year Adjusted Operating Margin and EPS Guidance BorgWarner achieved an adjusted operating margin performance of 10.4% during the second quarter, which equated to a U.S. GAAP operating margin of 8.2%. The Company also generated net cash provided by operating activities of $462 million and $297 million in free cash flow, despite a modest decline in the Company's weighted light and commercial vehicle
AUBURN HILLS, Mich., July 24, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) announces the following Webcast: What: BorgWarner 2024 Second Quarter Results Conference CallWhen: July 31, 2024 @ 9:30am Eastern TimeWhere: www.borgwarner.com/investors How: Live over the Internet -- Simply log on to the web at the address above. If you are unable to participate during the live webcast, the call will be archived at (www.borgwarner.com/investors) For more than 130 years, BorgWarner Inc. (NYSE:BWA) has been a transformative global p
AUBURN HILLS, Mich., July 24, 2024 /PRNewswire/ -- On July 23, 2024, the Board of Directors of BorgWarner Inc. (NYSE:BWA) declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on September 16, 2024, to stockholders of record on September 3, 2024. For more than 130 years, BorgWarner Inc. (NYSE:BWA) has been a transformative global product leader bringing successful mobility innovation to market. Today, we're accelerating the world's transition to eMobility -- to help build a cleaner, healthier, safer future for all. View origin
AUBURN HILLS, Mich., June 20, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) announces the following Webcast: What: BorgWarner 2024 Second Quarter Results Conference Call When: July 31, 2024 @ 9:30am Eastern Time Where: http://www.borgwarner.com/en/Investors/default.aspx How: Live over the Internet -- Simply log on to the web at the address above. If you are unable to participate during the live webcast, the call will be archived at (http://www.borgwarner.com/en/Investors/default.aspx) For more than 130 years, BorgWarner Inc. (NYSE:BWA) has been a transformative global prod
AUBURN HILLS, Mich., May 2, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) today reported first quarter results. Charging Forward Update: BorgWarner has solidified two high voltage hairpin (HVH) eMotor business wins with XPeng, a leading Chinese Smart EV manufacturer, for use on two upcoming SUV models. The contracts include BorgWarner's advanced oil-cooling 800V eMotor systems, comprised of stator and rotor components. Start of production is planned for 2025.BorgWarner has secured contracts with Polestar and a major European OEM to supply electric Torque Vectoring Disconnect
AUBURN HILLS, Mich., April 25, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) announces the following Webcast: What: BorgWarner 2024 First Quarter Results Conference Call When: May 2, 2024 @ 9:30am Eastern Time Where: http://www.borgwarner.com/en/Investors/default.aspx How: Live over the Internet -- Simply log on to the web at the address above. If you are unable to participate during the live webcast, the call will be archived at (http://www.borgwarner.com/en/Investors/default.aspx) For more than 130 years, BorgWarner Inc. (NYSE:BWA) has been a transformative global product
AUBURN HILLS, Mich., April 25, 2024 /PRNewswire/ -- On April 24, 2024, the Board of Directors of BorgWarner Inc. (NYSE:BWA) declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on June 17, 2024, to stockholders of record on June 3, 2024. For more than 130 years, BorgWarner Inc. (NYSE:BWA) has been a transformative global product leader bringing successful mobility innovation to market. Today, we're accelerating the world's transition to eMobility -- to help build a cleaner, healthier, safer future for all. View original content
AUBURN HILLS, Mich., March 21, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) announces the following Webcast: What: BorgWarner 2024 First Quarter Results Conference Call When: May 2, 2024 @ 9:30am Eastern Time Where: http://www.borgwarner.com/en/Investors/default.aspx How: Live over the Internet -- Simply log on to the web at the address above. If you are unable to participate during the live webcast, the call will be archived at (http://www.borgwarner.com/en/Investors/default.aspx) For more than 130 years, BorgWarner Inc. (NYSE:BWA) has been a transformative global product
AUBURN HILLS, Mich., Feb. 8, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) today reported fourth quarter and full-year results. Charging Forward Update: BorgWarner has announced a strategic relationship agreement with FinDreams Battery, a subsidiary of BYD Company Limited. Under this agreement, BorgWarner will be the only non-OEM localized manufacturer, unaffiliated with FinDreams Battery, with rights to localize LFP battery packs for commercial vehicles utilizing FinDreams Battery blade cells in Europe, the Americas, and select regions of Asia Pacific.BorgWarner has announc
AUBURN HILLS, Mich., Feb. 8, 2024 /PRNewswire/ -- On February 7, 2024, the Board of Directors of BorgWarner Inc. (NYSE:BWA) declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on March 15, 2024, to stockholders of record on March 1, 2024. For more than 130 years, BorgWarner Inc. (NYSE:BWA) has been a transformative global product leader bringing successful mobility innovation to market. Today, we're accelerating the world's transition to eMobility -- to help build a cleaner, healthier, safer future for all. View original conten
• Company Also Establishes New Business Unit Structure AUBURN HILLS, Mich., May 30, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) today announced that Joseph Fadool, current Vice President of BorgWarner Inc. and President and GM, Emissions, Thermal and Turbo Systems, has been promoted to Executive Vice President and Chief Operating Officer of BorgWarner Inc., effective July 1, 2024. As Chief Operating Officer, Mr. Fadool will be responsible for the operations of the Company with the business unit presidents reporting to him. Mr. Fadool will report to Frédéric Lissalde, President and Chief Executive Officer.
AUBURN HILLS, Mich., March 1, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) ("the Company") today announced that Amy Kulikowski has been appointed Vice President and Chief Accounting Officer. Ms. Kulikowski reports directly to Craig Aaron, whose appointment as Chief Financial Officer is effective today. Ms. Kulikowski comes to BorgWarner with more than 25 years of experience in finance and accounting, most recently with Cooper-Standard Holdings Inc. as its Chief Accounting Officer. Ms. Kulikowski is a CPA and member of the American Institute of Certified Public Accountants. She holds a Bachelor of Business Administration from the University of Michigan.
Kevin Nowlan, Executive Vice President and CFO, to RetireCraig Aaron Promoted to Executive Vice President and CFO, Effective March 1, 2024AUBURN HILLS, Mich., Dec. 5, 2023 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) ("the Company") today announced that Kevin Nowlan has decided to retire as Executive Vice President and Chief Financial Officer ("CFO") after a 28-year career in finance. Craig Aaron, BorgWarner's current Vice President and Controller, will succeed Mr. Nowlan as Executive Vice President and CFO, effective March 1, 2024. Mr. Nowlan will remain with the Company in an advisory capacity through April 1, 2024, to ensure a smooth transition.
AUBURN HILLS, Mich., Feb. 8, 2023 /PRNewswire/ -- BorgWarner announced today that Hau Thai-Tang has been named to its Board of Directors. "We are pleased to welcome Hau to BorgWarner's Board of Directors," said Alexis P. Michas, non-executive chairman of the Board of BorgWarner. "Hau's extensive industry experience and his forward-looking perspective around electrification transformation make him a solid complement to our Board." Mr. Thai-Tang retired from Ford Motor Company, a global automotive manufacturer, in 2022 as Chief Industrial Platform Officer. In this position, Mr.
AUBURN HILLS, Mich., Sept. 22, 2022 /PRNewswire/ -- BorgWarner announced today that Sailaja Shankar has been named to its Board of Directors. "We are pleased to welcome Sailaja to BorgWarner's Board of Directors," said Alexis P. Michas, non-executive chairman of the board of BorgWarner. "Sailaja's breadth of leadership experience through strategic change in large enterprise organizations, coupled with her digital, cybersecurity, software, and software applications knowledge make her a strong complement to our board as our product line continues to evolve and we deliver on Char
Atar Capital, a Los Angeles-based global private investment firm, announced today it has completed the carve-out acquisition of BorgWarner's North American Controls (BWNAC) business, a wholly owned and operated division of BorgWarner (NYSE:BWA). Headquartered in Detroit, Michigan, with manufacturing located in Water Valley, Mississippi, the business is a leading supplier of transmission solenoids, engine solenoids, stop-start accumulators and hydraulic control modules throughout North America. Cyrus Nikou, founder and managing partner of Atar Capital, said, "Atar is excited to complete this carve-out with BorgWarner and acquire such an impressive world-class operation. As a standalone comp
AUBURN HILLS, Mich., Nov. 9, 2021 /PRNewswire/ -- BorgWarner announced today that Sara A. Greenstein has been named to its Board of Directors. "We are pleased to welcome Sara to BorgWarner's Board of Directors," said Alexis P. Michas, non-executive chairman of the board of BorgWarner. "Sara's breadth of leadership experience in the production and manufacturing space makes her a strong complement to our board." Ms. Greenstein was the President, Chief Executive Officer and Board Member of Lydall, Inc., a leading global manufacturer of value-added engineered materials and special