BorgWarner Surpasses EPS Forecast
(NYSE:BWA), a leading innovator in the automotive industry, issued its earnings report for Q4 2024 on Feb. 6, 2025. Central to the release was the company's successful mitigation of cost pressures, as evidenced by its adjusted EPS of $1.01, surpassing predictions of $0.96. Despite the earnings surprise, revenue slid 2.4% year-over-year to $3,439 million, missing the forecasted $3,456 million—a reflection of ongoing production declines in the sector. Overall, the quarter showcases BorgWarner's cost management, though it confronts pressures in core revenue segments.
Source: Analyst estimates for the quarter provided by FactSet.
BorgWarner, recognized for its automotive products and technologies, is driving forward on two fronts: its traditional segments and emerging electrification endeavors. Historically known for drivetrain components, BorgWarner is shifting its strategy toward electrification. The company targets growth in eProducts aimed at hybrids and electric vehicles (EVs), aligning with industry shifts.
Source Fool.com
Borgwarner Inc. Stock
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