Last $54.88 USD
Change Today +0.05 / 0.09%
Volume 1.5M
BWA On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

borgwarner inc (BWA) Snapshot

Open
$54.16
Previous Close
$54.83
Day High
$55.20
Day Low
$53.92
52 Week High
07/2/14 - $67.49
52 Week Low
01/14/15 - $48.40
Market Cap
12.5B
Average Volume 10 Days
2.8M
EPS TTM
$3.25
Shares Outstanding
227.4M
EX-Date
11/26/14
P/E TM
16.9x
Dividend
$0.52
Dividend Yield
0.93%
Current Stock Chart for BORGWARNER INC (BWA)

borgwarner inc (BWA) Related Businessweek News

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borgwarner inc (BWA) Details

BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company’s Engine segment offers turbochargers, timing devices and chain products, emissions systems, thermal systems, and diesel coldstart and gasoline ignition technology. This segment also provides electric air pumps, turbo actuators, exhaust gas recirculation coolers, tubes, and valves for gasoline and diesel applications. Its timing systems products include timing chain, variable cam timing, crankshaft and camshaft sprockets, tensioners, guides and snubbers, HY-VO front wheel drive transmission chain, and four-wheel drive chain for light vehicles. In addition, this segment offers viscous fan drives, polymer fans, and coolant pumps. The Drivetrain segment develops and manufactures friction and mechanical products, including dual clutch modules, friction clutch modules, friction and steel plates, transmission bands, torque converter clutches, one-way clutches, and torsional vibration dampers. This segment also offers control products comprising electro hydraulic solenoids for hydraulic systems, transmission solenoid modules, and dual clutch control modules. In addition, this segment provides torque management products, including rear wheel drive/all wheel drive (AWD) transfer case systems, front wheel drive/AWD coupling systems, and cross-axle coupling systems. The company sells its products to original equipment manufacturers of light vehicles, including passenger cars, sport utility vehicles, vans, and light trucks; commercial vehicles, such as medium duty and heavy duty trucks, and buses; and off-highway vehicles, including 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. BorgWarner Inc. was founded in 1987 and is headquartered in Auburn Hills, Michigan.

19,700 Employees
Last Reported Date: 02/13/14
Founded in 1987

borgwarner inc (BWA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $870.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $500.0K
Vice President, President of Borgwarner Turbo...
Total Annual Compensation: $594.8K
Vice President, President of Borgwarner Trans...
Total Annual Compensation: $391.3K
Vice President, General Counsel and Secretary
Total Annual Compensation: $426.3K
Compensation as of Fiscal Year 2013.

borgwarner inc (BWA) Key Developments

BorgWarner Inc. Reaffirms Earnings Guidance for the Full Year of 2014; Provides Earnings Guidance for the Full Year 2015

BorgWarner Inc. reaffirmed earnings guidance for the full year of 2014; provides earnings guidance for the full year 2015. For the full year of 2014, the company expects net sales growth in 2014 compared with 2013, is now expected to be approximately 11.5%, down from a range of 12% to 13%, due to weaker foreign currencies and slightly softer than expected volumes. Net earnings guidance of $3.23 to $3.28 per diluted share, excluding non-recurring items, is unchanged. For the full year of 2015, the company expects net sales growth of 2% to 6% compared with updated 2014 guidance. Excluding the impact of weaker foreign currencies, net sales growth is expected to be 9.5% to 12%. Net earnings of $3.35 to $3.55 per diluted share. Excluding the impact of weaker foreign currencies, net earnings are expected to be $3.60 to $3.75 per diluted share, up 11% to 14% compared with 2014 net earnings guidance of $3.23 to $3.28 per diluted share, excluding non-recurring items. Operating income as a percentage of net sales above 13%. Effective tax rate of 29%. Free cash flow within a range of $350 million to $400 million.

BorgWarner Mulls Acquisitions

BorgWarner Inc. (NYSE:BWA) intends to make acquisitions. Ron Hundzinski, Chief Financial Officer of the company said: “Our balance sheet strength and strong cash flow provides the flexibility to fund our growth and take advantage of strategic opportunities. At the end of the third quarter of 2014, our net debt to net capital ratio was 12.2%. Over the years, BorgWarner has proactively put its cash to work funding organic growth, acquiring businesses, repurchasing shares and paying dividend. In 2013, we spent approximately 95% of our free cash flow on the dividend and share repurchases. In 2014, we spent more than a 100% of our free cash flow on the dividend, M&A and share repurchases.” James Verrier, President and Chief Executive Officer of the company said: “Our pipeline is strong, it's robust. We're managing multiple targets, it has been typical for us over the last couple of years and we are very committed on that path to adding more acquisitions into BorgWarner. So I think what Ron alluded to is we're looking for as balanced approach as we can in terms of returning cash and we're going to utilize all of those levers, but this M&A pipeline very positive, no real change there.”

BorgWarner Supplies High-Performance Friction Technology to Audi

BorgWarner announced that it supplies its high-performance friction technology for Audi's new dual-clutch transmission. Featuring an innovative friction plate design, BorgWarner's advanced technology significantly improves shift quality, helps increase fuel economy and reduces noise, vibration and harshness (NVH) for smoother shifts and a fun-to-drive experience. Designed for longitudinal engines, Audi's new dual-clutch transmission is suitable for both front-wheel drive (FWD) and all-wheel drive (AWD) applications and was introduced on the Audi A6. Engineered to withstand the higher temperatures and pressures inside Audi's dual-clutch transmission, BorgWarner's high-performance friction materials provide reliable operation for the transmission's lifetime. The innovative friction material resists oil degradation and glazing, even with the use of modern low-viscosity oil. BorgWarner's specifically developed grooves are integrated into the friction lining and are responsible for routing the oil and for cooling. The groove design helps meet the high standards in transmission technology and minimizes losses at the clutch in the open state. In this way, BorgWarner's high-performance friction technology improves performance and helps to increase the fuel economy of the dual-clutch transmission while simultaneously enabling smoother shifting.

 

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Industry Analysis

BWA

Industry Average

Valuation BWA Industry Range
Price/Earnings 19.1x
Price/Sales 1.5x
Price/Book 3.4x
Price/Cash Flow 19.0x
TEV/Sales 1.3x
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