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BorgWarner


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Magna cuts annual profit forecast on expectations of lower vehicle production

Magna cuts annual profit forecast on expectations of lower vehicle production Nov 1 (Reuters) - Canadian auto parts supplier Magna International MG.TO cut its annual sales and profit forecasts on Friday against the backdrop of the automobile industry grappling with weak demand. Magna had benefited from a healthy flow of orders, with automakers ramping up production over the years, however, that pace has slowed as companies readjust their inventory levels to match demand.
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Borgwarner Inc reports results for the quarter ended in January 1 - Earnings Summary

Borgwarner Inc reports results for the quarter ended in January 1 - Earnings Summary Borgwarner Inc BWA.N reported quarterly adjusted earnings of $1.09​​ per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of 98 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 92 cents per share.
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Aptiv implements additional cost-saving measures as EV transition slows

UPDATE 2-Aptiv implements additional cost-saving measures as EV transition slows Updates shares, adds analyst comment in paragraph 5 By Nathan Gomes Oct 31 (Reuters) - Aptiv PLC APTV.N said on Thursday that it has taken extra steps to boost profitability, after it cut its annual sales forecast, as the company adapts to a difficult market environment.
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BorgWarner Extends Transfer Case Business With North American OEM

BRIEF-BorgWarner Extends Transfer Case Business With North American OEM Oct 31 (Reuters) - Borgwarner Inc BWA.N : BORGWARNER EXTENDS TRANSFER CASE BUSINESS WITH NORTH AMERICAN OEM Source text: ID:nPn5xrgv1a Further company coverage: BWA.N
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Borgwarner HVCH Selected By Chinese OEM For Battery Electric SUV, Start Of Production Set For Q2 2025

BRIEF-Borgwarner HVCH Selected By Chinese OEM For Battery Electric SUV, Start Of Production Set For Q2 2025 Oct 31 (Reuters) - Borgwarner Inc BWA.N : BORGWARNER: HVCH SELECTED BY CHINESE OEM FOR BATTERY ELECTRIC SUV, START OF PRODUCTION SET FOR Q2 2025 Source text: ID:nPn14GTGxa Further company coverage: BWA.N
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Aptiv cuts annual sales forecast over weaker automotive market

Aptiv cuts annual sales forecast over weaker automotive market Oct 31 (Reuters) - Aptiv PLC APTV.N cut its annual sales forecast on Thursday as the auto parts supplier navigates a challenging market and a decline in overall automotive production. The auto industry faced a bumpy second-half of the year as competition from Chinese companies increased and a decline in consumer demand due to inflation and economic concerns.
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BorgWarner trims annual sales forecast on expectations of lower vehicle production

BorgWarner trims annual sales forecast on expectations of lower vehicle production Oct 31 (Reuters) - Auto parts supplier BorgWarner BWA.N lowered its full-year sales forecast on Thursday on expectations of lower vehicle production as the industry comes under pressure from consumers cutting back on purchases. BorgWarner, like other auto suppliers, benefited over the years from automakers ramping up production and making vehicles with more efficient hybrid systems or turbochargers.
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Borgwarner Reports Third Quarter 2024 Results

BRIEF-Borgwarner Reports Third Quarter 2024 Results Oct 31 (Reuters) - Borgwarner Inc BWA.N : BORGWARNER REPORTS THIRD QUARTER 2024 RESULTS; INCREASES FULL-YEAR ADJUSTED OPERATING MARGIN AND EPS GUIDANCE; COMPLETES $400 MILLION SHARE REPURCHASE PLAN BORGWARNER INC - INCREASES FULL YEAR ADJUSTED OPERATING MARGIN AND EPS GUIDANCE BORGWARNER RAISES OU
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BorgWarner Q3 Adjusted EPS USD 1.09 Vs. IBES Estimate USD 0.92

BRIEF-BorgWarner Q3 Adjusted EPS USD 1.09 Vs. IBES Estimate USD 0.92 Oct 31 (Reuters) - BorgWarner Q3 net income USD 249 million. Q3 operating income USD 270 million Q3 gross margin 18.4% Q3 sales USD 3,449 million vs. IBES estimate USD 3,508 million Q3 EPS USD 1.08 Q3 adjusted operating income USD 350 million vs. IBES estimate USD 329.9 million ou
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Megacaps spooked, world bonds on edge

MORNING BID AMERICAS-Megacaps spooked, world bonds on edge A look at the day ahead in U.S. and global markets from Mike Dolan Cloudy outlooks from U.S. megacaps Microsoft and Meta combined with edgy government bond markets around the world to unsettle investors on Thursday, with the latest U.S. opinion polls showing next week's presidential election is no foregone conclusion.
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U.S. Centerspace, Gilead, Gitlab

U.S. RESEARCH ROUNDUP-Centerspace, Gilead, Gitlab Oct 21 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Centerspace, Gilead and Gitlab, on Monday. HIGHLIGHTS * Centerspace CSR.N : Raymond James cuts to market perform from outperform * Euronet Worldwide Inc EEFT.O : Citigroup cuts to neutral from buy * Gilead GILD.O : Leerink Partners raises to outperform from market perform * Gitlab Inc GTLB.O : Needham raises to bu
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Borgwarner Announces Full Redemption Of Its 5.000% Senior Notes Due 2025

BRIEF-Borgwarner Announces Full Redemption Of Its 5.000% Senior Notes Due 2025 Oct 17 (Reuters) - Borgwarner Inc BWA.N : BORGWARNER ANNOUNCES FULL REDEMPTION OF ITS 5.000% SENIOR NOTES DUE 2025 BORGWARNER INC - TO REDEEM $343.4 MILLION SENIOR NOTES DUE 2025 Source text for Eikon: ID:nPn3nC9Jga Further company coverage: BWA.N
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Teamsters ends strike at BorgWarner's New York plant after members approve contract

UPDATE 1-Teamsters ends strike at BorgWarner's New York plant after members approve contract Recasts para 1, adds details in para 2, BorgWarner statement in para 3 Sept 24 (Reuters) - Union workers represented by Teamsters at BorgWarner's BWA.N New York state plant approved a four-year contract with the auto parts maker, bringing an end to a two-week strike, both parties said on Tuesday.
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Teamsters union reaches new four-year contract agreement with BorgWarner

Teamsters union reaches new four-year contract agreement with BorgWarner Sept 24 (Reuters) - The Teamsters Union, which represents more than 700 workers at BorgWarner BWA.N , said on Tuesday it has reached an agreement for a new four-year contract with the auto parts maker. The new contract reflects a 21% wage increase over the life of the agreement, along with better medical and vacation benefits and a $5,500 ratification bonus.
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BorgWarner, Teamsters reach agreement; shares rise

BUZZ-BorgWarner, Teamsters reach agreement; shares rise ** Shares of autoparts maker BorgWarner BWA.N rise ~2% to $35 ** Company reaches agreement with labor union Teamsters, ending strike ** Teamsters Local 317 represents more than 700 workers ** Company workers represented by the union to receive 21% wage increases over 4-year agreement ** Ten of
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Borgwarner Teamsters Reach Agreement, Ending Strike

BRIEF-Borgwarner Teamsters Reach Agreement, Ending Strike Sept 24 (Reuters) - Teamsters; BORGWARNER TEAMSTERS REACH AGREEMENT, ENDING STRIKE TEAMSTERS: MORE THAN 700 WORKERS REPRESENTED BY LOCAL 317 TO RECEIVE 21% IN WAGE INCREASES OVER LIFE OF FOUR-YEAR AGREEMENT Source text for Eikon: ID:nPn8Cl6DZa Further company coverage: []
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U.S. Adicet Bio, Exxon Mobil, Oracle

U.S. RESEARCH ROUNDUP-Adicet Bio, Exxon Mobil, Oracle Sept 11 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Adicet Bio, Exxon Mobil and Oracle, on Wednesday. HIGHLIGHTS * Adicet Bio Inc ACET.O : H.C. Wainwright cuts to neutral from buy * Exxon Mobil XOM.N : Gerdes Energy Research raises to buy from neutral * One Gas Inc OGS.N : Wells Fargo raises to overweight from equal weight * Oracle Corp ORCL.N : Citigroup rais
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Borgwarner Prices $1 Billion Senior Notes Offering

BRIEF-Borgwarner Prices $1 Billion Senior Notes Offering Aug 7 (Reuters) - Borgwarner Inc BWA.N : BORGWARNER PRICES $1 BILLION SENIOR NOTES OFFERING BORGWARNER: PUBLIC OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.950% SENIOR NOTES DUE 2029 BORGWARNER - $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 5.400% SENIOR NOTES DUE 2034 Source te
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U.S. Booking Holdings, Doordash, Vertex Pharmaceuticals

U.S. RESEARCH ROUNDUP- Booking Holdings, Doordash, Vertex Pharmaceuticals Aug 5 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Booking Holdings, Doordash and Vertex Pharmaceuticals, on Monday. HIGHLIGHTS * Academy Sports and Outdoors Inc ASO.O : JP Morgan cuts to neutral from overweight * Booking Holdings Inc BKNG.O : Jefferies cuts target price to $4350 from $4650 * Doordash DASH.O : D.A.
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U.S. STOCKS MercadoLibre, DoorDash, Coinbase

BUZZ-U.S. STOCKS ON THE MOVE-MercadoLibre, DoorDash, Coinbase Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Futures fell sharply on Friday after Amazon and Intel presented downbeat forecasts as concerns over the health of the U.S.
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