The Teamsters Union, which represents more than 700 workers at BorgWarner , said on Tuesday it has reached an agreement for a new four-year contract with the auto parts maker.
Investors interested in Automotive - Original Equipment stocks are likely familiar with BorgWarner (BWA) and Modine (MOD). But which of these two stocks presents investors with the better value opportunity right now?
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BWA has demonstrated strong historical financial performance, with consistent top-line growth and robust margins despite challenges. BWA remains cautious due to a soft overall vehicle market outlook, particularly in China, North America, and Europe. However, BWA's battery system expansion and strong eProduct sales growth outlook position it well to capitalise on increasing demand.
One way that companies increase shareholder value is through stock buybacks. This is a process in which a company reduces the number of outstanding shares available to investors and increases the company's earnings per share.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
The automotive component supplier's strategic focus on the electric vehicle market is shaping its results.
BorgWarner (BWA) reports mixed second-quarter results and expects full-year 2024 net sales in the band of $14.1-$14.4 billion, down from the previous estimate of $14.4-$14.9 billion.
BorgWarner Inc. (NYSE:BWA ) Q2 2024 Earnings Conference Call July 31, 2024 9:30 AM ET Company Participants Patrick Nolan - Vice President of Investor Relations Frédéric Lissalde - President & Chief Executive Officer Craig Aaron - Chief Financial Officer Conference Call Participants John Murphy - Bank of America Colin Langan - Wells Fargo Chris McNally - Evercore Joe Spak - UBS Dan Levy - Barclays Mark Delaney - Goldman Sachs Adam Jonas - Morgan Stanley James Picariello - BNP Paribas Operator Good morning, everyone. My name is Beau, and I will be your conference facilitator.
The headline numbers for BorgWarner (BWA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
BorgWarner (BWA) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.35 per share a year ago.