Investors might want to bet on BorgWarner (BWA) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earnings pic ...

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 presents investors with the better value opportunity right now? Let's take a closer look. 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 is a proven strategy th ...

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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What ...

As the first-quarter 2024 earnings season for the auto sector draws to a close, a mixed picture is emerging. Per the Earnings Trends report dated May 8, the beat ratio for the bottom line was 62.5%, while the same for the top line was 50%. While overall earnings of the sector have declined 19% year over year amid macroeconomic uncertainty due to inflationary pressures and geopolitical tensions, there is still some optimism left. A few prominent players in the industry — General Motors (GM) , BorgWarner (BWA ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores ...

财务数据和关键指标变化 - 公司第一季度收入接近30亿美元,实现了约7%的有机增长,尽管行业产量有所下降 [11][37] - 公司第一季度调整后营业利润率为9.4%,同比提升0.4个百分点,实现了超过23%的全面增量利润率 [41][42] - 公司第一季度调整后每股收益同比增加0.22美元,主要受益于营业利润增加、税率下降以及股票回购的影响 [43] - 公司第一季度经营活动产生的自由现金流为负3.08亿美元,同比下降,主要受到客户回款时间和税款支付时间的影响 [44] 各条业务线数据和关键指标变化 - 公司动力系统业务和电池系统业务在第一季度实现了强劲的收入和利润增长,主要来自中国和欧洲市场 [130][131] - 公司电动产品业务收入在第一季度同比增长25%,符合全年25%-40%的增长目标 [98][124] - 公司电动产品业务中,约45%来自中国市场,其中95%来自中国本土品牌 [110][111] 各个市场数据和关键指标变化 - 公司在中国和欧洲市场实现了强劲的有机增长,抵消了北美市场的下滑 [39][131] - 公司认为北美市场内燃机车型的尾气可能需要进一步提升效率,这将为公司的涡轮增压业务带来增长机会 [22] 公司战略和发展方向及行业竞争 - 公司继续推进电动化产品布局,在第一季度获得多个新的电动产品订单,包括电机、电动扭矩矢量分离器等 [15][17] - 公司认为自身拥有兼顾内燃机、混合动力和纯电动车型的全面产品组合,能够在不同电动化场景下实现中高个位数的增量利润率 [32][34] - 公司将继续采取必要的成本管控措施,以应对不同电动化发展情况,保持中高个位数的增量利润率 [77][134] 管理层对经营环境和未来前景的评论 - 公司管理层认为第一季度的强劲业绩为全年目标的实现奠定了良好基础 [11][12] - 公司管理层表示,尽管无法控制短期内动力总成结构的波动,但将专注于实现高于市场的销售增长,并保持中高个位数的增量利润率 [34][35] - 公司管理层认为,即使电动车增长放缓,北美市场内燃机车型的尾气提升需求也可能为公司涡轮增压业务带来增长机会 [22] 问答环节重要的提问和回答 问题1 **Colin Langan 提问** 询问第一季度强劲业绩是否存在一次性因素,以及全年业绩指引中增长和利润率的预期变化 [64] **Frederic Lissalde 回答** 表示第一季度的出色业绩纯属良好的运营表现,全年预期的增量利润率仍在13%-16%区间,公司将继续保持良好的执行力 [65][66] 问题2 **John Murphy 提问** 询问公司在混合动力车型需求方面是否看到明显的增长 [72] **Frederic Lissalde 回答** 表示在中国和欧洲市场,混合动力车型需求确实有所增长,但北美市场目前还为时尚早 [73] 问题3 **Dan Levy 提问** 询问公司在第一季度电动产品和传统产品的收入占比,以及传统产品的增长情况 [84][87] **Craig Aaron 回答** 表示第一季度电动产品收入超过5亿美元,其余为传统产品收入,传统产品增长主要来自动力系统业务在中国和欧洲的表现 [85][87]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q QUARTERLY REPORT (Mark One) ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 1-12162 BORGWARNER INC. ________________________________________________ (Exact name of registrant as specified in ...

BorgWarner Inc. (BWA) reported adjusted earnings of $1.03 per share for first-quarter 2024, down from $1.09 per share recorded in the prior-year quarter. The bottom line, however, surpassed the Zacks Consensus Estimate of 87 cents. The automotive equipment supplier reported net sales of $3.6 billion, beating the Zacks Consensus Estimate of $3.52 billion. The top line, however, declined 13.9% year over year. Segmental Performance Air Management: Net sales totaled $2.03 billion in the reported quarter compare ...

For the quarter ended March 2024, BorgWarner (BWA) reported revenue of $3.6 billion, down 14% over the same period last year. EPS came in at $1.03, compared to $1.09 in the year-ago quarter. The reported revenue represents a surprise of +2.19% over the Zacks Consensus Estimate of $3.52 billion. With the consensus EPS estimate being $0.87, the EPS surprise was +18.39%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...