UP!

BWA $42.27   View long term graphs

BorgWarner Inc.
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 IncreaseUS$8.305 billion (FY 2014)
Operating income
IncreaseUS$855.2 million (FY 2013)
Net income
IncreaseUS$651 million (FY 2013)
Total assets IncreaseUS$6.917 billion (FY 2013)
Total equity IncreaseUS$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.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-11 Future report Set alerts
Q3 2020 2020-10-29 Future report Set alerts
Q2 2020 2020-08-05 -0.14 -0.47
Q1 2020 2020-05-06 0.77 0.63
Q4 2019 2020-02-13 1.17 1.06
Q3 2019 2019-10-31 0.96 0.94
Q2 2019 2019-07-25 1.00 0.83
Q1 2019 2019-04-25 1.00 0.77
Q4 2018 2019-02-14 1.21 1.10
Q3 2018 2018-10-25 1.00 0.98

Ratings

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

Major Shareholders

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 /

Comments