BorgWarner (BWA) Tops Q4 EPS by 13c, FY Guidance Misses

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Go back to BorgWarner (BWA) Tops Q4 EPS by 13c, FY Guidance Misses

BorgWarner Announces Three Year Net New Business Backlog of $2.0 Billion to $2.4 Billion

February 14, 2019 6:35 AM EST

AUBURN HILLS, Mich., Feb. 14, 2019 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA), a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, today announced its three-year net new business backlog of $2.0 billion to $2.4 billion.

Three-Year Net New Business BacklogThe company expects its net new business backlog to drive organic growth over the company's estimated light vehicle market exposure of 5.0% - 6.0% for 2019 through 2021:

Net new business within a range of $430 million to $580 million in 2019, $750 million to $875 million in 2020 and $800 million to $950 million in 2021.... More

BorgWarner Reports Fourth Quarter 2018 U.S. GAAP Net Earnings Of $1.10 Per Diluted Share, Or Earnings Of $1.21 Per Diluted Share Excluding Non-Comparable Items

February 14, 2019 6:30 AM EST

AUBURN HILLS, Mich., Feb. 14, 2019 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported 2018 fourth quarter and full year results.

Fourth Quarter Highlights:

U.S. GAAP net sales of $2,573 million, down 0.5% compared with fourth quarter 2017. Excluding the impact of foreign currencies, net sales were up 2.0% compared with fourth quarter 2017.U.S. GAAP net income of $1.10 per diluted share. Excluding the $(0.11) per diluted share related to non-comparable items (detailed in the table below), net earnings were $1.21 per diluted... More