BorgWarner Inc.

$19.00

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SKU: BWA-1 Category:

Description

It was a mixed first quarter for BorgWarner as the company reported double-digit organic growth and surpassed the revenue expectations of Wall Street but missed out meeting earnings expectations. Despite facing challenges such as planned eR&D investments, net inflationary costs, and lower production in China, BorgWarner outperformed the market in Europe and North America. The company’s free cash flow was impacted by planned capital spending to support the growth of its eProducts division, as well as working capital usage and annual incentive compensation payout. However, BorgWarner made significant progress during the quarter, securing multiple new eProducts awards and announcing capacity investments in this segment. Furthermore, expanding battery pack production in Seneca, South Carolina, showcased BorgWarner’s ability to leverage its foundational assets and workforce effectively. Another notable development is the ongoing work towards the intended separation of PHINIA, with key leadership roles announced. BorgWarner’s partnerships and collaborations in the electric vehicle sector highlight the company’s commitment to innovation and meeting the demands of the growing electric vehicle market. We give BorgWarner a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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