Last $62.17 USD
Change Today -0.80 / -1.27%
Volume 2.5M
BWA On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

borgwarner inc (BWA) Snapshot

Open
$62.97
Previous Close
$62.97
Day High
$63.15
Day Low
$61.99
52 Week High
07/2/14 - $67.49
52 Week Low
01/14/15 - $48.40
Market Cap
14.1B
Average Volume 10 Days
1.6M
EPS TTM
$2.97
Shares Outstanding
226.4M
EX-Date
02/26/15
P/E TM
20.9x
Dividend
$0.52
Dividend Yield
0.83%
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; and 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.

22,000 Employees
Last Reported Date: 02/12/15
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. Supplies VTG turbochargers for Volkswagen diesel engines

BorgWarner Inc., has supplied its variable turbine geometry, or VTG, turbochargers for the Volkswagen Group's new 1.4-liter three-cylinder diesel engines. Engineered to improve fuel economy and reduce emissions, BorgWarner's VTG turbochargers boost the performance of the 55 kW (75 PS) and 66 kW (90 PS) diesel engines. Both engines comply with Euro 6 emissions standards and set new benchmarks by improving fuel economy up to 21% compared with the predecessor vehicles. Debuting in the VW Polo, the 55 kW diesel engine powers one of the most fuel-efficient 5-seat diesel cars in its segment and achieves an average fuel consumption up to 75 mpg (3.1 liters/100 km). Based on the modular diesel engine system, the fuel-efficient and low-emission engines will be available for several vehicles from Audi, Seat, Skoda and VW. The new turbocharger significantly improves engine response and increases efficiency in the low rev band, resulting in increased combustion efficiency and reduced emissions.

BorgWarner Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Intangible Asset Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Capital Expenditure Guidance for the Year 2015

BorgWarner Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company announced net sales of $1,991.9 million compared to $1,885.4 million for the same period a year ago. Operating Income was $212.2 million compared to $187.7 million for the same period a year ago. Earnings before income taxes and non-controlling interest was $214.7 million compared to $193.9 million for the same period a year ago. Net earnings attributable to the company were $139.9 million compared to $141.4 million for the same period a year ago. Earnings per common share, diluted were $0.61 compared to $0.62 for the same period a year ago. Excluding the $34 million pretax impact of restructuring, pension settlement activities and intangible asset impairment, operating income was $246 million, or 12.4% of net sales. Capital expenditures, including tooling outlays were $165.1 million compared to $119.9 million for the same period a year ago. Adjusted EBIT was $293.7 million compared to $278.4 million for the same period a year ago. For the full year, the company announced net sales of $8,305.1 million compared to $7,436.6 million for the same period a year ago. Operating income was $963.7 million compared to $855.2 million for the same period a year ago. Earnings before income taxes and non-controlling interest was $980.1 million compared to $869.3 million for the same period a year ago. Net earnings attributable to the company were $655.8 million compared to $624.3 million for the same period a year ago. Earnings per common share, diluted were $2.86 compared to $2.70 for the same period a year ago. Net cash provided by operating activities was $801.8 million against $718.8 million a year ago. The increase was primarily related to higher net earnings. Capital expenditures, including tooling outlays were $563.0 million against $417.8 million a year ago, up $145 million from a year ago. The increase was driven by capital required to support its backlog of net new business. After excluding the impact of foreign currencies and Wahler, sales were up 8% from 2013. The increase in net cash provided by operating activities was primarily related to higher net earnings. The increase in capital expenditure was driven by capital required to support backlog of net new business. The $259 million increase in net debt was primarily due to dividend payments to shareholders, share repurchases and the Wahler acquisition. Adjusted EBIT was $1,227.3 million compared to $1,078.2 million for the same period a year ago. For the quarter, the company reported intangible asset impairment of $10.3 million against $12.5 million a year ago. For the year 2015, the company expects CapEx is going to continue with upper -actually, above the upper end of its 5% to 6% of sales.

BorgWarner Declares Quarterly Dividend Payable on March 16, 2015

The board of directors of BorgWarner Inc. declared a quarterly cash dividend of $0.13 per share of common stock. The dividend is payable on March 16, 2015 to shareholders of record on March 2, 2015.

 

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Industry Analysis

BWA

Industry Average

Valuation BWA Industry Range
Price/Earnings 22.0x
Price/Sales 1.7x
Price/Book 3.9x
Price/Cash Flow 21.7x
TEV/Sales 1.5x
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