BWA BorgWarner Dashboard

BorgWarner, Inc. engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Engine and Drivetrain. The Engine segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance. The Drivetrain segment focuses in the products that improve fuel economy, reduce emissions, and enhance performance in combustion, hybrid and electric vehicles. The company was founded in 1928 and is headquartered in Auburn Hills, MI.

Company profile

Ticker

BWA

Exchange

NYSE

Website

www.borgwarner.com/

CEO

Frederic Lissalde

Incorporated

Delaware

Location

Michigan

Fiscal year end

Dec 31

Sector

Manufacturing > Motor Vehicle Gasoline Engine and Engine Parts Manufacturing

Industry (SIC)

Motor Vehicle Parts & Accessories

Icahn Enterprises • Magna International • Adient • Aptiv • Lear • Autoliv • Visteon • Allison Transmission • Dana • Tenneco ...

Former names

BORG WARNER AUTOMOTIVE INC

SEC CIK

0000908255

Corporate docs

Articles of Incorporation & Bylaws

IRS number

133404508

BWA stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

Barron's Latest Picks And Pans: Affirm, Bitcoin, BorgWarner, Credit Suisse And More

11 Apr 21

This weekend's Barron's cover story discusses why investors can no longer ignore cryptocurrencies. Other featured articles present companies pursuing Bitcoin opportunities and tips for investing in Bitcoin wisely.

Why Romeo Power Stock Spiked 60% Today

6 Apr 21

Romeo Power Inc (NYSE: RMO), the electric vehicle battery maker which went public recently via a special purpose acquisition company, saw its shares close 59.60% higher on Tuesday.

Benzinga's Top Ratings Upgrades, Downgrades For March 26, 2021

26 Mar 21

Wells Fargo Initiates Coverage On BorgWarner with Overweight Rating, Announces Price Target of $64

26 Mar 21

A Peek Into The Markets: US Stock Futures Up Ahead Of Jobless Claims, GDP Data

25 Mar 21

Press releases

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Webcast Alert: BorgWarner 2021 First Quarter Results Conference Call

25 Mar 21

AUBURN HILLS, Mich., March 25, 2021 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) announces the following Webcast:

BorgWarner to Accelerate Electrification Strategy, With Goal to Grow Electric Vehicle Revenues to Approximately 45% by 2030

23 Mar 21

AUBURN HILLS, Mich., March 23, 2021 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) will unveil Project CHARGING FORWARD at its Investor Day today. The project represents an acceleration of its electrification strategy, which

BorgWarner to Host Virtual Investor Day on March 23, 2021

16 Mar 21

AUBURN HILLS, Mich., March 16, 2021 /PRNewswire/ -- BorgWarner Inc. (NYSE:BWA) will host an Investor Day for members of the investment community. The event will be broadcast from the company's World Headquarters in

BorgWarner Donates $1,025,000 to Kettering University to Establish Scholars Program and Other Initiatives to Support Opportunities for Minorities

25 Feb 21

BorgWarner to Host Virtual Investor Day on March 23, 2021

23 Feb 21

Calendar

22 Feb 21

13 Apr 21

31 Dec 21

Financial summary

Financial statements Chart BWA financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from BorgWarner earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.65B	1.65B	1.65B	1.65B	1.65B	1.65B
Cash burn (monthly)	157M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	542.49M	n/a	n/a	n/a	n/a	n/a
Cash remaining	1.11B	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	7.1	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

BWA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Apr 21	Kevin Nowlan	Common Stock	Payment of exercise	Dispose F	No	No	46.3	9,477	438.79K	112,139.03
29 Mar 21	Craig Aaron	Common Stock	Grant	Aquire A	No	No	0	3,224	0	14,355.86
29 Mar 21	Joseph F. Fadool	Common Stock	Grant	Aquire A	No	No	0	25,440	0	140,141.43
29 Mar 21	Brady D Ericson	Common Stock	Grant	Aquire A	No	No	0	14,850	0	44,549.11
29 Mar 21	Stefan Demmerle	Common Stock	Grant	Aquire A	No	No	0	22,432	0	132,477.04

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

BWA institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

4.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1	517	-99.8%
Opened positions	0	83	EXIT
Closed positions	516	59	+774.6%
Increased positions	1	172	-99.4%
Reduced positions	0	189	EXIT

13F shares	Current	Prev Q	Change
Total value	388.42M	8.39B	-95.4%
Total shares	10.05M	210.62M	-95.2%
Total puts	0	636.8K	EXIT
Total calls	0	729.67K	EXIT
Total put/call ratio	–	0.9	–

Largest owners	Shares	Value	Change
Diamond Hill Capital Management	10.05M	$388.42M	+0.9%

Largest transactions	Shares	Bought/sold	Change
Vanguard	0	-22.26M	EXIT
BLK Blackrock	0	-15.5M	EXIT
FMR	0	-14.79M	EXIT
STT State Street	0	-9.61M	EXIT
Victory Capital Management	0	-8.57M	EXIT
Harris Associates L P	0	-6.58M	EXIT
Dimensional Fund Advisors	0	-6.04M	EXIT
Black Creek Investment Management	0	-5.12M	EXIT
LSV Asset Management	0	-4.53M	EXIT
Alecta Pensionsforsakring, Omsesidigt	0	-4.15M	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Magna International • Stoneridge • Denso • DENSO

Management Discussion

A detailed comparison of the Company’s 2018 operating results to its 2019 operating results can be found in the Management’s Discussion and Analysis of Financial Condition and Results of Operations section in the Company’s 2019 Annual Report on Form 10-K filed February 13, 2020.
Net sales for the year ended December 31, 2020 totaled $10,165 million, approximately the same as net sales for the year ended December 31, 2019. During the three months ended December 31, 2020, the Delphi Technologies acquisition increased revenues by $1,120 million. Excluding this revenue, total net sales declined by 11% as compared to the year ended December 31, 2019. Excluding the impact of weaker foreign currencies, primarily the Euro, and the net impact of the Delphi Technologies acquisition, net sales decreased approximately 11%, primarily due to COVID-19 related production slowdowns and shutdowns during the first six months of 2020, partially offset by stronger sales in China.
Cost of sales as a percentage of net sales was 81.2% and 79.3% in the years ended December 31, 2020 and 2019, respectively. Cost of sales associated with Delphi Technologies for the three months ended December 31, 2020 was approximately $900 million. Excluding the impact of the acquisition of Delphi Technologies, cost of sales decreased primarily due to lower sales. The Company's material cost of sales was approximately 57% and 55% of net sales in the years ended December 31, 2020 and 2019, respectively. Gross profit as a percentage of net sales was 18.8% and 20.7% in the years ended December 31, 2020 and 2019, respectively. The reduction of gross margin in 2020 compared to 2019 was primarily due to the impact of the COVID-19 pandemic. In response to the COVID-19 pandemic, the Company took numerous steps to eliminate costs; however, certain fixed costs could not be reduced on a temporary basis, which led to a higher cost of sales as a percentage of sales as compared to the year ended December 31, 2019. In addition, the $27 million related to the fair value adjustment of inventories acquired had an unfavorable impact on gross margin and, to a lesser extent, certain lower margin business related to the acquisition of Delphi Technologies.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-K 2020 FY