BorgWarner Inc
BWA: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$95.00 | Mtgykg | Xdrthhdxq |
BorgWarner Earnings: Increase in Share Repurchases and Upward Revisions to Profitability Lift Shares
While softening industry production volumes restricted top-line growth, narrow-moat BorgWarner beat FactSet consensus expectations on the bottom line by delivering adjusted EPS of $1.19 versus consensus' $1.01. Full-year profit guidance was revised upward and share repurchases for the year increased from $100 million to $400 million. It also announced that the restructuring of the e-propulsion segment is expected to generate cost savings of $100 million by 2026 (operating income for the segment year to date is negative $111 million).