HighGravityDataBorgWarner — Feb 6, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000908255-25-000003
Showing in the filing
Net sales
“$13.4 billion to $14.0 billion”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 26
Sales outgrowth for FY2025
“continued sales outgrowth”
Organic sales for FY2025
“down 2% to up 2%”
Year-over-year change in organic sales for FY2025
“down 2% to up 2%”
Net sales for FY2025
“$13.4 billion to $14.0 billion”
Weighted light and commercial vehicle markets for FY2025
“down 3.0% to down 1.0%”
Estimated outgrowth above market production for FY2025
“approximately 100 to 300 basis points”
Impact of foreign currencies on sales for FY2025
“a year-over-year decrease in sales of approximately $410 million”
Operating margin for FY2025
“9.1% to 9.2%”
Adjusted operating margin for FY2025
“10.0% to 10.2%”
Net earnings for FY2025
“$3.84 to $4.12 per diluted share”
Net earnings per diluted share for FY2025
“$3.84 to $4.12”
Adjusted net earnings per diluted share for FY2025
“$4.05 to $4.40”
Operating cash flow for FY2025
“$1,325 million to $1,375 million”
Free cash flow for FY2025
“$650 million to $750 million”
Net Sales for FY2025
“$13,400” – “$14,000”
Operating income for FY2025
“$1,219” – “$1,284”
Adjusted operating income for FY2025
“$1,345” – “$1,430”
Earnings per Diluted Share for FY2025
“$3.84” – “$4.12”
Adjusted Earnings per Diluted Share for FY2025
“$4.05” – “$4.40”
Net cash provided by operating activities for FY2025
“$1,325” – “$1,375”
Organic Net Sales Change % for FY2025
“(2.0)%” – “2.3%”
LV/CV Weighted Market for FY2025
“(1.0)%” – “(3.0)%”
Outgrowth for FY2025
“1.0%” – “3.3%”
Light vehicle production change - Total for FY2025
“(2.5)% to (1.5)%”
Commercial vehicle production change - Total for FY2025
“3% to 7.5%”
BorgWarner-Weighted production change - Total for FY2025
“(3)% to (1)%”
Exhibit 99.1 · the passage around this item
… earlier in the release
The increase in adjusted net earnings per diluted share was primarily due to the impact of higher adjusted operating income and the impact of our share repurchases during 2024, partially offset by a higher effective tax rate. 3 Full Year 2025 Guidance: The Company has provided 2025 full year guidance. Net sales are expected to be in the range of $13.4 billion to $14.0 billion in 2025, compared with 2024 sales of $14.1 billion. The Company expects its weighted light and commercial vehicle markets to be in the range of down 3.0% to down 1.0% in 2025. The Company’s sales guidance implies a year-over-year change in organic sales of down 2% to up 2%, or estimated outgrowth above market production of approximately 100 to 300 basis points. Foreign currencies are expected to result in a year-over-year decrease in sales of approximately $410 million primarily due to the weakening of the Euro, Chinese Renminbi and the Korean Won against the U.S. dollar. Operating margin is expected to be in the range of 9.1% to 9.2% in 2025. Excluding the impact of non-comparable items and the add back of intangible asset amortization expense, adjusted operating margin is expected to be in the range of 10.0% to 10.2%. Net earnings are expected to be within a range of $3.84 to $4.12 per diluted share. Excluding the impact of non-comparable items, adjusted net earnings are expected to be within a range of $4.05 to $4.40 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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.