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 |
|---|---|---|---|
| 9/10/2024 | $36.00 | Hold | Deutsche Bank |
| 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 |
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• 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
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Deutsche Bank resumed coverage of BorgWarner with a rating of Hold and set a new price target of $36.00
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
AUBURN HILLS, Mich., Nov. 7, 2024 /PRNewswire/ -- On November 6, 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 December 16, 2024, to stockholders of record on December 2, 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
AUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) today reported third quarter results. Third Quarter and 2024 Guidance Update BorgWarner achieved an adjusted operating margin of 10.1% during the third quarter, which equated to a U.S. GAAP operating margin of 7.8%. The Company also generated net cash provided by operating activities of $356 million or $201 million in free cash flow, despite a 5.6% decline in the Company's weighted light and commercial vehicle markets.The Company increased the midpoint of its full year adjusted operating margin guid
AUBURN HILLS, Mich., Oct. 24, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) announces the following Webcast: What: BorgWarner 2024 Third Quarter Results Conference Call When: October 31, 2024 @ 9:30am Eastern Time Where: 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 product leader bringi
AUBURN HILLS, Mich., Sept. 19, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) announces the following Webcast: What: BorgWarner 2024 Third Quarter Results Conference CallWhen: October 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 prod
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
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.
Joseph Fadool, EVP and COO, to Become President and CEO effective close of business on February 6, 2025Frédéric Lissalde to RetireAUBURN HILLS, Mich., Nov. 7, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) ("the Company") today announced that its Board of Directors approved a leadership succession plan whereby Joseph Fadool, BorgWarner's Executive Vice President and Chief Operating Officer, has been appointed President and Chief Executive Officer and a member of BorgWarner's Board of Directors effective at the close of business on February 6, 2025. At that time, Frédéric Lissalde will retire from his role as President and CEO and step down from the Board of Directors. To support a seamless
AUBURN HILLS, Mich., Nov. 7, 2024 /PRNewswire/ -- On November 6, 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 December 16, 2024, to stockholders of record on December 2, 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
BorgWarner's HVCH selected by a Chinese OEM for a battery electric SUV, start of production set for Q2 2025Korean electric vehicle manufacturer chose BorgWarner's heater for their new electric pick-up model, with production starting in Q1 2025BorgWarner wins its first HVCH business award with a Japanese OEM, marking a key milestone in the company's expansion into Japan's growing electric vehicle marketAUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner has secured three significant business wins for its High Voltage Coolant Heater (HVCH) technology, expanding its reach in the Chinese, Korean and Japanese electric vehicle markets.
Company to supply two types of two-speed transfer cases: Electro-Mechanical On-Demand (EMOD) and Electric Shift-on-the-Fly (ESOF)Builds on over 40 years of BorgWarner transfer case supply for the OEM's passenger truck platformHigh-performance solutions deliver quick response, improved torque performanceAUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is furthering its business with a major North American OEM by securing extensions on two transfer case contracts for upcoming vehicle launches with new platform requirements. BorgWarner will supply two types of transfer cases, including its active
AUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) today reported third quarter results. Third Quarter and 2024 Guidance Update BorgWarner achieved an adjusted operating margin of 10.1% during the third quarter, which equated to a U.S. GAAP operating margin of 7.8%. The Company also generated net cash provided by operating activities of $356 million or $201 million in free cash flow, despite a 5.6% decline in the Company's weighted light and commercial vehicle markets.The Company increased the midpoint of its full year adjusted operating margin guid
AUBURN HILLS, Mich., Oct. 29, 2024 /PRNewswire/ -- BorgWarner has been awarded on the Forbes list of the World's Top Companies for Women 2024. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The awards list was announced on October 29th, 2024, and can currently be viewed on the Forbes' website. "BorgWarner is extremely proud to receive this recognition from Forbes and hold such high rank among top women-inclusive companies around the world," said Tania Wingfield, Chief Human Resources Office
AUBURN HILLS, Mich., Oct. 24, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) announces the following Webcast: What: BorgWarner 2024 Third Quarter Results Conference Call When: October 31, 2024 @ 9:30am Eastern Time Where: 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 product leader bringi
AUBURN HILLS, Mich., Oct. 17, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) ("BorgWarner" or the "Company") announced today that it will redeem in full the entire outstanding $343,443,000 aggregate principal amount of its 5.000% Senior Notes due 2025 (the "2025 Notes") on November 1, 2024 (the "Redemption Date"). The redemption is in accordance with the terms of the Indenture, dated as of September 23, 1999, between the Company and The Bank of New York Mellon Trust Company, N.A. (successor in interest to Chase Manhattan Trust Company, National Association), as trustee, as supplemented by that Seventh Supplemental Indenture, dated as of October 5, 2020, between the Company and Deutsche Bank
Turbochargers to boost General Motors' Chevrolet Corvette ZR1 featuring 5.5-liter flat plane crankshaft V8 engineTurbochargers utilize patented decoupled ball bearing system, enabling faster response time, higher durability, and limited noiseLong-standing reputation with NTT INDYCAR SERIES played role in selectionAUBURN HILLS, Mich., Sept. 23, 2024 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, has solidified an agreement to deliver its turbochargers for use on the General Motors Corvette ZR1 sports car platform, marking the largest passenger car twin turbochargers in the market to be released to date. Paired with the automake
AUBURN HILLS, Mich., Sept. 19, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) announces the following Webcast: What: BorgWarner 2024 Third Quarter Results Conference CallWhen: October 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 prod