BorgWarner — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000908255-24-000040
Showing in the filing
Operating cash flow
“$1,325 million to $1,375 million”
Period
FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 26
Net sales for FY2024
“$14.0 billion to $14.2 billion”
Weighted light and commercial vehicle markets for FY2024
“down 3.5% to down 3%”
Organic sales change (implied by sales) for FY2024
“a year-over-year decrease in organic sales of approximately (1.5)% to flat”
Estimated outgrowth above market production for FY2024
“approximately 200 to 300 basis points”
EProduct sales for FY2024
“approximately $2.4 billion”
Foreign currencies impact on sales for FY2024
“a year-over-year decrease in sales of approximately $20 million”
Acquisitions impact on sales (SSE and Electr… for FY2024
“increase year-over-year sales by approximately $30 million”
Operating margin for FY2024
“8.1% to 8.2%”
Adjusted operating margin for FY2024
“9.8% to 10.0%”
Net earnings per diluted share for FY2024
“within a range of $4.17 to $4.28”
Net earnings for FY2024
“$4.17 to $4.28 per diluted share”
Adjusted net earnings per diluted share for FY2024
“in the range of $4.15 to $4.30”
Operating cash flow for FY2024
“$1,325 million to $1,375 million”
Free cash flow for FY2024
“$475 million to $575 million”
Light vehicle production change - North Amer… for FY2024
“(1.5)% to (0.5)%”
Light vehicle production change - Europe for FY2024
“(5.5)% to (5)%”
Light vehicle production change - China for FY2024
“1% to 1.5%”
Light vehicle production change - Total for FY2024
“(2.5)% to (2)%”
Commercial vehicle production change - North… for FY2024
“~(4.5)%”
Commercial vehicle production change - Europe for FY2024
“~(15)%”
Commercial vehicle production change - China for FY2024
“~2%”
Commercial vehicle production change - Total for FY2024
“~(2.5)%”
BorgWarner-Weighted production change - Nort… for FY2024
“(2)% to (1)%”
BorgWarner-Weighted production change - Europe for FY2024
“(7)% to (6.5)%”
BorgWarner-Weighted production change - China for FY2024
“1 to 1.5%”
BorgWarner-Weighted production change - Total for FY2024
“(3.5)% to (3)%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Excluding the impact of non-comparable items, adjusted net earnings are expected to be in the range of $4.15 to $4.30 per diluted share, up from the Company’s prior guidance of $3.95 to $4.15 per diluted share. Full-year operating cash flow is expected to be in the range of $1,325 million to $1,375 million, while free cash flow is expected to be in the range of $475 million to $575 million. At 9:30 a.m. ET today, a brief conference call concerning third quarter 2024 results and guidance will be webcast at: https://www.borgwarner.com/investors. Additionally, an earnings call presentation will be available at https://www.borgwarner.com/investors. For more than 130 years, BorgWarner Inc. (NYSE: BWA) has been a transformative global product leader bringing successful mobility innovation to market. Today, we’re accelerating the world’s transition to eMobility -- to help build a cleaner, healthier, safer future for all. # # # Forward Looking Statements: This release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates and projections. Words such as “anticipates,” “believes,” “continues,” “could,” “designed,” “effect,” “estimates,” “evaluates,” “expects,” “forecasts,” “goal,” “guidance,” “initiative,” “intends,” “may,” “outlook,” “plans,” “potential,” “predicts,” “project,” “pursue,” “seek,” “should ,” “target,” “when,” “will,” “would,” and variations of such words
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.