HighGravityDataBorgWarner — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000908255-24-000040
Showing in the filing
Net earnings per diluted share
“within a range of $4.17 to $4.28”
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
Operating margin for the full year is expected to be in the range of 8.1% to 8.2%. Excluding the impact of non-comparable items, adjusted operating margin is expected to be in the range of 9.8% to 10.0%, up from the Company’s prior guidance of 9.6% to 9.8%. Net earnings are expected to be within a range of $4.17 to $4.28 per diluted share. 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 su
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.