BorgWarner Inc

NYSE:BWA   3:59:54 PM EDT
38.84
+0.49 (+1.28%)
Other Pre-Announcement

Borgwarner Announces Multiple Electrification Awards

Published: 05/04/2022 10:42 GMT
BorgWarner Inc (BWA) - Borgwarner Announces Multiple Electrification Awards and Reports First Quarter Results.
Q1 GAAP Earnings per Share $0.84.
Q1 Adjusted Earnings per Share $1.05 Excluding Items.
Sees FY Sales $15.5 Billion to $16 Billion.
Q1 Sales Fell 3 Percent to $3.874 Billion.
Q1 Earnings per Share View $0.87, Revenue View $3.71 Billion -- Refinitiv Ibes Data (analyst estimates).
Expects Its Weighted Light and Commercial Vehicle Markets to Increase in Range of About 2.5% to 5% in 2022.
Net Earnings Are Expected to Be Within a Range of $3.39 to $3.77 per Diluted Share for 2022.
Borgwarner- Excluding Impact of Non-comparable Items, Adjusted Net Earnings Are Expected to Be Within Range of $3.90 to $4.25 per Diluted Share for 2022.
Full Year 2022 Operating Cash Flow is Expected to Be in Range of $1,500 Million to $1,550 Million.
FY2022 Earnings per Share View $4.15, Revenue View $15.85 Billion -- Refinitiv Ibes Data (analyst estimates).
Full Year 2022 Free Cash Flow is Expected to Be in Range of $650 Million to $750 Million.
Continues to Expect Its 2022 Electric Vehicle Revenue to Grow to More Than $800 Million.