Type
|
Public company |
---|---|
Traded as | NYSE: BWA S&P 500 Component |
Industry | Automotive industry |
Founded | 1880 (as Morse Equalizing Spring Co.) 1928 (formation of Borg-Warner Corp.) |
Headquarters | Auburn Hills, Michigan, USA |
Number of locations
|
62, in 17 countries |
Area served
|
Worldwide |
Key people
|
James R. Verrier (President and CEO) |
Products | Powertrain: Manual transmissions Automatic transmissions, Dual-clutch transmissions |
Revenue | US$8.305 billion (FY 2014) |
Operating income
|
US$855.2 million (FY 2013) |
Net income
|
US$651 million (FY 2013) |
Total assets | US$6.917 billion (FY 2013) |
Total equity | US$3.632 billion (FY 2013) |
Number of employees
|
27,000 (2016) |
Divisions | BorgWarner Engine Group BorgWarner Drivetrain Group |
Website | BorgWarner.com |
BorgWarner Inc. is an American worldwide automotive industry components and parts supplier. It is primarily known for its powertrain products, which include manual and automatic transmissions and transmission components, such as electro-hydraulic control components, transmission control units, friction materials, and one-way clutches, turbochargers, engine valve timing system components, along with four-wheel drive system components.
The company has 60 manufacturing facilities across 18 countries, including the U.S., Canada, Europe, and Asia. It provides drivetrain components to all three U.S. automakers, as well as a variety of European and Asian original equipment manufacturer (OEM) customers. BorgWarner has diversified into several automotive-related markets (1999), including ignition interlock technology (ACS Corporation est.1976) for preventing impaired operation of vehicles.
Historically, BorgWarner was also known for its ownership of the Norge appliance company (washers and dryers).
The original Borg-Warner Corporation was formed in 1928 by the merger of Warner Gear, which itself was founded by Thomas Warner in 1901, and Borg & Beck founded by Charles Borg and Marshall Beck in 1903, Marvel Schelber Carburetor Co founded in 1905 by George Schebler and the Mechanics Universal Joint Co. The company was best known as the supplier of Warner Gear overdrive units for cars of the 1930s to the 1970s, and as the developer of Studebaker's three-speed automatic transmission introduced in 1950, along with 'Holley' brand Borg & Beck carburetors. Ford took up development of the transmission in Studebaker's place in 1955. The early Ford automatics are derivatives of the Borg Warner.
In the 21st century, the company changed the styling of its name from Borg-Warner to BorgWarner.
The company is also notable for co-developing a variable-geometry turbocharger with Porsche, the Variable Turbine Geometry (VTG) system, used in the 2007 911 Turbo. BorgWarner claims this technology will reach mainstream cars within 10 years. From 2002, Peugeot, Ford and Renault became major customers for the company's turbochargers with the Volkswagen Group on-board since 1999, choosing to exclusively use the BorgWarner K-Series turbochargers for their then-new 1.8T power plant.
BorgWarner supplies wet clutches and hydraulic modules for dual-clutch transmission systems. With their DualTronic technology, BorgWarner has gained contracts with European automakers that want to use dual clutch transmissions. The German automotive concern Volkswagen Group is BorgWarner's largest customer (by sales), and Europe is their largest market. Light vehicles (automobiles, car-derived vans, and light commercial vehicles) account for 72% of BorgWarner's total sales.
The company's world headquarters is in Auburn Hills, Michigan. Robert S. Ingersoll formerly served as the company's CEO and Chairman. BorgWarner's Powertrain Technical Center (PTC) is also based in Auburn Hills.
The BorgWarner Indianapolis 500 Trophy is presented to the winner of the annual Indianapolis 500 auto racing event; this has been provided by the company since 1936, as a legacy of Louie Schwitzer who won the first automobile racing event held at the facility, in 1909. It was announced by the Izod Indycar Series that BorgWarner has been selected as the official supplier for the turbochargers to be used in the 2.2L turbocharged engine formula for the series which took effect in 2012. On October 2, 2006, BorgWarner announced the purchase of the European Transmission and Engine Controls product lines from Eaton Corporation.
In 2002, BorgWarner Inc. was split into two key business divisions:
The following are subsidiary companies of the parent, BorgWarner Inc., and/or its primary divisions, and outline their respective products:
BorgWarner Inc. has the following production locations:
On April 12, 2005, BorgWarner won a 2005 Automotive News PACE Award at a ceremony in Detroit. The award recognized automotive suppliers for superior innovation, technological advancement and business performance.
Since 2012 season, BorgWarner currently supplies turbochargers for IndyCar Series with designation EFR7163. Since 1936 BorgWarner also sponsoring Indianapolis 500-winning presented trophy. Each year, the winning driver is presented with a miniature replica during a reception in January, about seven months after the race. Prior to the trophy's inception, the Wheeler-Schebler Trophy was awarded to the leader at the 400-mile mark, but was retired when car owner Harry Hartz claimed it three times. Since 2014 season, BorgWarner currently supplies turbochargers for Renault Sport Energy F1 V6 Turbo Power Units as an expertisement of hybrid turbochargers. BorgWarner also currently supplying turbochargers for all Renault R.S.01 cars since 2015 season.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q4 2022 | 2023-02-09 | Future report Set alerts | |
Q3 2022 | 2022-10-27 | 1.24 | 1.24 |
Q2 2022 | 2022-08-03 | 1.05 | 1.05 |
Q1 2022 | 2022-05-04 | 1.05 | 1.05 |
Q4 2021 | 2022-02-15 | 1.06 | 1.06 |
Q3 2021 | 2021-11-03 | 0.80 | 0.80 |
Q2 2021 | 2021-08-04 | 1.08 | 1.08 |
Q1 2021 | 2021-05-05 | 1.21 | 1.21 |
Q4 2020 | 2021-02-11 | 1.18 | 1.18 |
Q3 2020 | 2020-10-29 | 0.88 | 0.88 |
2016-06-28 | Reiterated Rating | Robert W. Baird | Buy | |
2016-06-21 | Downgrade | Bank of America | Buy to Neutral | |
2016-06-21 | Downgrade | Bank of America Corp. | Buy to Neutral | |
2016-04-27 | Downgrade | Wells Fargo | Buy | |
2016-04-27 | Downgrade | Wells Fargo & Co. | Buy | |
2016-04-02 | Reiterated Rating | RBC Capital | Hold | |
2016-04-02 | Reiterated Rating | Royal Bank Of Canada | Hold | |
2016-04-01 | Boost Price Target | RBC Capital | Sector Perform | $33.00 to $39.00 |
2016-03-29 | Downgrade | Citigroup Inc. | Buy to Neutral | $37.00 |
2016-03-14 | Lower Price Target | Evercore ISI | Buy | $60.00 to $44.00 |
2016-02-17 | Downgrade | CRT Capital | Buy to Neutral | |
2016-02-16 | Downgrade | Sterne Agee CRT | Buy to Neutral | $40.00 |
2016-02-13 | Reiterated Rating | RBC Capital | Hold | |
2016-02-12 | Lower Price Target | RBC Capital | Hold to Sector Perform | $34.00 to $33.00 |
2016-02-11 | Downgrade | Credit Agricole | Buy to Underperform | |
2016-02-11 | Downgrade | Credit Agricole SA | Buy to Underperform | |
2016-01-27 | Upgrade | Robert W. Baird | Neutral to Outperform | $48.00 to $39.00 |
2016-01-25 | Lower Price Target | Deutsche Bank | Hold | $41.00 to $39.00 |
2016-01-25 | Lower Price Target | Barclays | Equal Weight | $48.00 to $35.00 |
2016-01-25 | Lower Price Target | Deutsche Bank AG | Hold | $41.00 to $39.00 |
2016-01-25 | Lower Price Target | Barclays PLC | Equal Weight | $48.00 to $35.00 |
2016-01-14 | Downgrade | CLSA | Buy to Underperform | |
2016-01-14 | Downgrade | Credit Agricole | Buy to Underperform | |
2015-11-18 | Upgrade | Goldman Sachs | Neutral to Buy | $54.00 |
2015-11-18 | Upgrade | Goldman Sachs Group Inc. | Neutral to Buy | $54.00 |
2015-11-03 | Reiterated Rating | Sterne Agee CRT | Buy | |
2015-11-02 | Lower Price Target | Barclays | Equal Weight | $49.00 to $45.00 |
2015-10-30 | Downgrade | RBC Capital | Outperform to Sector Perform | $50.00 to $45.00 |
2015-10-30 | Lower Price Target | Susquehanna | Positive | $59.00 to $55.00 |
2015-10-30 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $60.00 to $57.00 |
2015-10-30 | Lower Price Target | Robert W. Baird | $50.00 to $48.00 | |
2015-10-20 | Boost Price Target | Susquehanna | $56.00 to $59.00 | |
2015-10-20 | Lower Price Target | JPMorgan Chase & Co. | $61.00 to $60.00 | |
2015-10-19 | Lower Price Target | Credit Suisse | $57.00 to $43.00 | |
2015-10-19 | Downgrade | Morgan Stanley | Overweight to Underweight | $68.00 to $37.00 |
2015-10-19 | Lower Price Target | Credit Suisse Group AG | $57.00 to $43.00 | |
2015-10-14 | Boost Price Target | Goldman Sachs | $55.00 to $57.00 | |
2015-10-07 | Lower Price Target | Deutsche Bank | Hold | $55.00 to $52.00 |
2015-09-11 | Lower Price Target | RBC Capital | Outperform | $56.00 to $50.00 |
2015-09-03 | Lower Price Target | Barclays | Equal Weight | $51.00 to $49.00 |
2015-08-28 | Downgrade | Robert W. Baird | Outperform to Neutral | $61.00 to $50.00 |
2015-08-27 | Lower Price Target | Susquehanna | Positive | $66.00 to $56.00 |
2015-08-03 | Lower Price Target | Citigroup Inc. | Buy | $66.00 to $62.00 |
2015-08-03 | Lower Price Target | Credit Suisse | Neutral | $66.00 to $57.00 |
2015-08-02 | Reiterated Rating | Barclays | Hold | |
2015-07-31 | Lower Price Target | Barclays | Equal Weight | $55.00 to $51.00 |
2015-07-31 | Lower Price Target | Deutsche Bank | Hold | $58.00 to $55.00 |
2015-07-31 | Lower Price Target | RBC Capital | Outperform | $66.00 to $56.00 |
2015-07-20 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $69.00 to $63.00 |
2015-07-17 | Lower Price Target | Susquehanna | Positive | $69.00 to $66.00 |
2015-07-16 | Downgrade | Barclays | Overweight to Equal Weight | $70.00 to $55.00 |
2015-07-10 | Lower Price Target | Citigroup Inc. | Buy | $68.00 to $66.00 |
2015-07-08 | Initiated Coverage | Northcoast Research | Buy | $72.00 |
2015-05-20 | Initiated Coverage | Evercore ISI | Buy | |
2015-05-13 | Reiterated Rating | Deutsche Bank | Hold | $60.00 |
2015-05-12 | Initiated Coverage | Evercore Partners Inc. | Buy | $75.00 |
2015-05-12 | Initiated Coverage | Evercore ISI | Buy | $75.00 |
2015-05-09 | Reiterated Rating | RBC Capital | Outperform | $69.00 to $68.00 |
2015-05-09 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $70.00 to $68.00 |
2015-05-05 | Lower Price Target | Susquehanna | Positive | $71.00 to $69.00 |
2015-04-22 | Boost Price Target | Susquehanna | Positive | $67.00 to $71.00 |
2015-03-11 | Lower Price Target | Deutsche Bank | Hold | $62.00 to $60.00 |
2015-02-17 | Boost Price Target | Citigroup Inc. | Buy | $65.00 to $69.00 |
2015-02-13 | Boost Price Target | Barclays | Overweight | $64.00 to $70.00 |
2015-02-13 | Boost Price Target | RBC Capital | Buy | $58.00 to $69.00 |
2015-02-13 | Downgrade | Deutsche Bank | Buy to Hold | $62.00 |
2015-02-12 | Downgrade | Goldman Sachs | Buy to Neutral | $66.00 to $62.00 |
2015-01-28 | Lower Price Target | Deutsche Bank | Buy | $65.00 to $62.00 |
2015-01-26 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $75.00 to $70.00 |
2015-01-09 | Lower Price Target | Citigroup Inc. | Buy | $66.00 to $65.00 |
2014-11-03 | Reiterated Rating | KeyBanc | Buy | $76.00 to $67.00 |
2014-11-03 | Reiterated Rating | KeyCorp | Buy | $76.00 to $67.00 |
2014-10-31 | Reiterated Rating | Barclays | Overweight | $68.00 to $65.00 |
2014-10-31 | Reiterated Rating | Deutsche Bank | Buy | $69.00 to $65.00 |
2014-10-31 | Reiterated Rating | Credit Suisse | Neutral | $66.00 to $64.00 |
2014-10-31 | Reiterated Rating | Citigroup Inc. | Buy | $68.00 to $66.00 |
2014-10-21 | Initiated Coverage | Deutsche Bank | Positive | $67.00 |
2014-10-21 | Initiated Coverage | Susquehanna | Positive | $67.00 |
2014-10-17 | Upgrade | Deutsche Bank | Hold to Buy | $63.00 to $69.00 |
2014-10-15 | Reiterated Rating | Citigroup Inc. | Buy | $71.00 to $68.00 |
2014-10-15 | Upgrade | Sterne Agee CRT | Neutral to Buy | $67.00 |
2014-10-14 | Upgrade | Gabelli | Hold to Buy | |
2014-10-14 | Upgrade | Goldman Sachs | Neutral to Buy | $64.00 to $67.00 |
2014-09-22 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $73.00 to $78.00 |
2014-08-13 | Initiated Coverage | Credit Suisse | Neutral | $67.00 |
2014-08-01 | Downgrade | Gabelli & Co | Buy to Hold | |
2014-08-01 | Boost Price Target | Robert W. Baird | $75.00 to $78.00 | |
2014-08-01 | Reiterated Rating | Deutsche Bank | Hold | $60.00 to $63.00 |
2014-08-01 | Downgrade | Gabelli | Buy to Hold | |
2014-07-22 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $70.00 to $73.00 |
2014-07-17 | Reiterated Rating | KeyBanc | Buy | $67.00 to $76.00 |
2014-07-14 | Boost Price Target | Barclays | Overweight | $69.00 to $76.00 |
2014-05-12 | Boost Price Target | Morgan Stanley | Overweight | $63.00 to $65.00 |
2014-05-02 | Reiterated Rating | RBC Capital | Outperform | $75.00 to $74.00 |
2014-05-02 | Boost Price Target | Robert W. Baird | $70.00 to $75.00 | |
2014-04-22 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $70.00 |
2014-04-15 | Boost Price Target | RBC Capital | $65.00 to $74.00 | |
2014-04-10 | Reiterated Rating | Barclays | Overweight | $62.00 to $69.00 |
2014-04-09 | Boost Price Target | Citigroup Inc. | Buy | $59.00 to $70.00 |
2014-02-14 | Upgrade | Gabelli & Co | Hold to Buy | |
2014-02-14 | Reiterated Rating | Deutsche Bank | Hold | $49.00 to $53.00 |
2014-02-14 | Upgrade | Gabelli | Hold to Buy | |
2014-02-14 | Boost Price Target | RBC Capital | Outperform | $63.00 to $65.00 |
2014-01-21 | Upgrade | Ned Davis Research | Neutral to Buy | |
2013-12-30 | Downgrade | Ned Davis Research | Buy to Neutral | |
2013-12-18 | Lower Price Target | Barclays | Overweight | $112.00 to $56.00 |
2013-12-18 | Lower Price Target | Robert W. Baird | $62.00 to $60.00 | |
2013-12-13 | Reiterated Rating | Deutsche Bank | Hold | $95.00 to $99.00 |
2013-11-12 | Boost Price Target | Guggenheim | Neutral | $75.00 to $93.00 |
2013-11-06 | Boost Price Target | Morgan Stanley | Overweight | $100.00 to $125.00 |
2013-11-06 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $121.00 to $120.00 |
2013-11-01 | Boost Price Target | RBC Capital | Outperform | $105.00 to $115.00 |
2013-10-31 | Reiterated Rating | JPMorgan Chase & Co. | Buy | $121.00 |
2013-10-31 | Boost Price Target | Robert W. Baird | Outperform | $112.00 to $123.00 |
2013-10-31 | Boost Price Target | Jefferies Group | Hold | $96.00 to $97.00 |
2013-10-31 | Boost Price Target | Deutsche Bank | Hold | $83.00 to $95.00 |
2013-10-21 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $117.00 to $121.00 |
2013-10-16 | Reiterated Rating | JPMorgan Chase & Co. | Buy | $117.00 |
2013-10-16 | Boost Price Target | Barclays | Overweight | $102.00 to $112.00 |
2016-06-28 | Reiterated Rating | Robert W. Baird | Buy | |
2016-06-21 | Downgrade | Bank of America | Buy to Neutral | |
2016-06-21 | Downgrade | Bank of America Corp. | Buy to Neutral | |
2016-04-27 | Downgrade | Wells Fargo | Buy | |
2016-04-27 | Downgrade | Wells Fargo & Co. | Buy |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In BWA 440 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 26.41M |
BlackRock Inc. | 18.21M |
HARRIS ASSOCIATES L P | 11.64M |
VICTORY CAPITAL MANAGEMENT INC | 10.15M |
STATE STREET CORP | 9.82M |
DIAMOND HILL CAPITAL MANAGEMENT INC | 6.95M |
DIMENSIONAL FUND ADVISORS LP | 6.85M |
AMERICAN CENTURY COMPANIES INC | 6.83M |
BlackRock Institutional Trust Company, N.A. | 5.66M |
GEODE CAPITAL MANAGEMENT, LLC | 4.88M |
FMR LLC | 4.83M |
MACQUARIE GROUP LTD | 4.71M |
BANK OF AMERICA CORP /DE/ | 4.67M |
WADDELL & REED FINANCIAL INC | 3.97M |
LSV ASSET MANAGEMENT | 3.84M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Verrier James President & CEO | 0.20% (458148) | BWA / PH / |
Hundzinski Ronald T Vice President and CFO | 0.07% (161981) | BWA / THRM / |
Lissalde Frederic Vice President | 0.04% (97486) | BWA / |
Kendrick Robin Vice President | 0.04% (91923) | BWA / |
Fadool Joseph F. Vice President | 0.04% (89145) | BWA / |
MICHAS ALEXIS P | 0.04% (88225) | AMOT / BWA / LINC / PKI / |
GASPAROVIC JOHN J Vice President, GC and Sec. | 0.03% (79179) | BWA / |
Demmerle Stefan Vice President | 0.03% (63046) | BWA / |
Schaum Richard O | 0.02% (50300) | BWA / GNTX / STRL / |
NOVAK ERNEST J JR | 0.02% (46413) | BWA / FE / SHLM / |
DRUMMOND JERE A | 0.02% (43960) | BWA / SAIC / |
Carlson Steven G. Vice President and Controller | 0.02% (41693) | BWA / |
Jenett Kim R VP, Human Resources | 0.02% (40965) | BWA / |
CALAWAY TONIT M VP and Chief HR Officer | 0.02% (39571) | BWA / HOG / |
Ericson Brady D Vice President | 0.02% (34868) | BWA / |
McGill Thomas J. Vice President and Treasurer | 0.01% (31061) | BWA / |
HENSEL ANTHONY Vice President and Controller | 0.01% (30645) | BWA / |
MCKERNAN JOHN R JR | 0.01% (28649) | BWA / EDMC / HMHC / |
Fischer Martin Vice President | 0.01% (27292) | BWA / |
BONANNO PHYLLIS O | 0.01% (21461) | ADX / BWA / MHK / PEO / |
STALLKAMP THOMAS T | 0.01% (20985) | BAX / BWA / |
Wiegert Joel Vice President | 0.01% (20363) | BWA / |
Carlson Jan | 0.01% (16264) | ALV / BWA / |
Cuneo Dennis C | 0.01% (15854) | AKS / BWA / |
Paterra Daniel Vice President | 0.01% (13752) | BWA / |
SATO VICKI L | 0.01% (12377) | BMY / BWA / PKI / |