BorgWarner Reports Third Quarter 2024 Results; Increases Full-Year Adjusted Operating Margin and EPS Guidance; Completes $400 Million Share Repurchase Plan
BorgWarner(BWA) Prnewswire·2024-10-31 18:30
AUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported third quarter results. Third Quarter and 2024 Guidance Update BorgWarner achieved an adjusted operating margin of 10.1% during the third quarter, which equated to a U.S. GAAP operating margin of 7.8%. The Company also generated net cash provided by operating activities of $356 million or $201 million in free cash flow, despite a 5.6% decline in the Company's weighted light and commercial vehicle markets. The Compan ...