Recent Updates — BWA
BorgWarner Inc. reported third-quarter 2026 U.S. GAAP net earnings of $1.08 per diluted share, a 47.9% increase from the prior year period, driven by cost controls and lower share counts. Adjusted net earnings per diluted share were $1.39, up 12.1%. The company raised its full-year 2026 adjusted EPS guidance to $5.20-$5.35 from a previous range of $5.05-$5.30, citing expected tax rate declines and buyback impacts. Net sales for the quarter were $3,487 million, down 2.9% year-over-year due to lower industry production volumes. BorgWarner also announced it reduced gross debt by $864 million through a tender offer and repurchased approximately $175 million of shares during the quarter. The company operates in the automotive parts industry, manufacturing powertrain and thermal management systems.
BorgWarner Inc. announced cash tender offers for its outstanding senior notes on August 10, 2026. The company will purchase all $120.7 million of its 7.125% Senior Notes due 2029 and up to $720 million in aggregate principal amount of other series, including the 4.375% Notes due 2045, 5.400% Notes due 2034, 4.950% Notes due 2029, and 2.650% Notes due 2027. The offers expire on August 14, 2026, with settlement expected by August 18, 2026. Additionally, BorgWarner intends to redeem any remaining 7.125% Notes at a make-whole price plus accrued interest on September 9, 2026. This debt repurchase activity is part of the company's balanced capital allocation strategy aimed at growing long-term earnings. BorgWarner Inc. operates in the automotive industry as a global supplier of powertrain and electrification technologies.
BorgWarner Inc. reported second quarter 2026 financial results, posting U.S. GAAP net sales of $3,648 million and diluted earnings per share of $1.34. The company increased its full-year adjusted EPS guidance to a range of $5.05–$5.30 and authorized a $1 billion increase to its share repurchase program, bringing total authorization to approximately $1.35 billion. Additionally, BorgWarner secured multiple new business awards across its portfolio for applications including hybrid vehicles and data centers. The company operates in the automotive parts industry.
On July 30, 2026, BorgWarner Inc.'s Board of Directors increased its size from eight to nine members and appointed Rajesh Kalathur as an independent director. Mr. Kalathur previously served as President of John Deere Financial and Chief Information Officer at Deere & Company. Concurrently, the Board declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on September 15, 2026, to stockholders of record on September 1, 2026. BorgWarner Inc. operates in the automotive industry as a global supplier of powertrain and emissions technologies.
BorgWarner Inc. has appointed Stefan Demmerle as Vice President, President and General Manager of Battery Energy Systems, and Chief Technology Officer, effective July 1, 2026. Mr. Demmerle has served as the President and General Manager of BorgWarner PowerDrive Systems since 2015.