财务数据和关键指标变化 - 公司第二季度销售额约36亿美元,同比基本持平,优于行业小幅下滑 [10][11] - 公司第二季度调整后营业利润率为10.4%,同比提升30个基点 [12] - 公司第二季度调整后每股收益为1.19美元,同比增加0.13美元 [12] - 公司上调了全年利润率和每股收益的指引 [13] 各条业务线数据和关键指标变化 - 公司电动推进系统业务进行了重组,以调整成本结构,预计到2026年可实现约1亿美元的年度成本节约 [13] - 公司调整了业务部门结构,以提高协同效应、增强全球市场策略和提高透明度 [13] 各个市场数据和关键指标变化 - 公司预计2024年全年销售额为141亿-144亿美元,较之前指引下调,主要受外汇不利影响和电动产品销售低于预期 [37][38][40] - 公司预计2024年全年将超越市场产量350-450个基点,体现了公司技术驱动型产品组合的韧性 [38][50] 公司战略和发展方向及行业竞争 - 公司继续获得多项新产品订单,包括电动差速器、电动风扇系统和排气再循环冷却器,体现了公司在各种动力总成架构的领导地位 [19][21][23] - 公司调整业务部门结构,以提高协同效应、增强全球市场策略和提高透明度 [26][28] - 公司将继续专注于提高动力总成效率,包括内燃机燃油效率和电动车电能效率,并相信能够支持任何动力总成架构 [30][31] 管理层对经营环境和未来前景的评论 - 公司预计2024年全年市场产量将下降2%-3%,其中中国市场需求疲软、北美客户去库存、欧洲需求和订单减少 [87][88] - 公司认为其技术领先的产品组合能够在任何动力总成结构下实现超越市场的增长 [30][31][50] 其他重要信息 - 公司发布了2024年可持续发展报告,在温室气体排放、供应链管理和员工参与等方面取得进展 [15][16][17] - 公司计划在2024年下半年回购3亿美元的股票,将全部自由现金流用于回购和股息 [14][44] 问答环节重要的提问和回答 问题1 **John Murphy 提问** 为什么电动推进系统业务重组只针对北美和中国,而不包括欧洲?这是否意味着相关项目取消或推迟,可能之前是亏损项目? [55][56][57] **Frédéric Lissalde 回答** 电动推进系统业务在北美和中国的占比较大,因此重点在这两个地区。重组旨在确保该业务在未来产品发布时能够实现中等teens的增量利润率 [56][57] 问题2 **Colin Langan 提问** 第二半年的利润率和每股收益指引意味着较高的下半年降本,是否主要由于正常季节性因素? [61][62][63] **Craig Aaron 回答** 剔除重组因素,下半年利润率在高端中teens增长,低端小幅下降,这反映了良好的基本面表现,考虑到预计市场产量下降3.5%-5.5% [62][63] 问题3 **Dan Levy 提问** 公司对未来市场的假设是否包含了一定的保守性,考虑到客户端的一些产能调整和库存去化? [86][87][88] **Frédéric Lissalde 回答** 公司的指引反映了目前对市场的判断,预计中国需求疲软、北美客户去库存、欧洲需求和订单减少,这些因素都已经纳入了指引 [87][88]

BORGWARNER CHARGING FORWARD Investor Presentation Q2 2024 This presentation may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "projec ...

财务业绩 - 第二季度实现10.4%的经调整营业利润率，创造了8.2%的GAAP营业利润率[5] - 公司第二季度净销售额为36.03亿美元，同比下降1.8%[29] - 公司第二季度调整后营业利润为4.31亿美元，同比增长0.7%[30] - 公司第二季度来自持续经营的净收益为3.29亿美元，同比增长33.7%[30] - 公司第二季度每股基本收益为1.34美元，同比增长52.3%[25] - 公司第二季度每股摊薄收益为1.34美元，同比增长54.0%[26] 业务表现 - 公司第二季度空气管理系统分部营业利润为3.04亿美元，同比持平[30] - 公司第二季度动力传动和电池系统分部营业利润为1.76亿美元，同比增长24.1%[30] - 公司第二季度电动推进系统分部营业亏损为4900万美元，亏损扩大[30] - 获得多项新的电动、混合动力和内燃机业务订单[4] - 重组ePropulsion业务部门以优化成本结构[4] 财务指引 - 全年经调整营业利润率和每股收益指引上调[3] - 2024年全年销售额预计为141亿美元至144亿美元，较之前指引下调4亿美元[11] - 2024年全年经调整营业利润率预计为9.6%至9.8%，较之前指引上调30个基点[12] - 2024年全年经调整每股收益预计为3.95美元至4.15美元，较之前指引上调[12] 资本运营 - 计划在2024年下半年回购3亿美元的公司股票[3] - 公司第二季度资本支出为3.55亿美元，同比减少19.1%[38] - 公司第二季度经营活动产生的现金流量净额为3.44亿美元，同比增加19.0%[38] 其他 - 推出新的业务部门架构以提高协同效应和透明度[4] - 公司定义经调整净收益为剔除重组费用、并购和剥离费用、其他净费用、已终止经营业务以及不反映公司持续经营的其他收益和损失及相关税务影响的净收益[44] - 公司定义经调整每股摊薄收益为剔除重组费用、并购和剥离费用、其他净费用、已终止经营业务、不反映公司持续经营的其他收益和损失及相关税务影响的每股摊薄收益[45] - 公司定义自由现金流为经营活动产生的净现金减去资本支出,可用于评估公司偿还债务的能力[46] - 公司定义有机销售额变化为剔除汇率影响和收购湖北超日电力电子和Eldor Corporation电动混合动力系统业务分部的影响后的销售额同比变化[47] - 公司定义超额增长为公司有机销售额变化与加权公司地域产量变化的差异[48]

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 GuidanceBorgWarner 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 ...

"BorgWarner's longstanding vision is a clean, energy efficient world, and I am proud to lead a company where our business goals go hand-in-hand with our sustainability goals," said Frédéric Lissalde, President and CEO, BorgWarner. "I applaud our entire team for their dedication and excellence in innovating products for cleaner mobility, making leaps toward achieving our climate and other sustainability goals, and investing in our people."At BorgWarner, sustainability means delivering value to all stakeholde ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

Investors looking for stocks in the Automotive - Original Equipment sector might want to consider either BorgWarner (BWA) or Gentex (GNTX) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong ea ...

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 y ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis ...

A downtrend has been apparent in BorgWarner (BWA) lately with too much selling pressure. The stock has declined 12.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...