HighGravityDataBorgWarner — Feb 6, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000908255-25-000003
Showing in the filing
Sales outgrowth
“continued sales outgrowth”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 26
Sales outgrowth for FY2025
“continued sales outgrowth”
Organic sales for FY2025
“down 2% to up 2%”
Year-over-year change in organic sales for FY2025
“down 2% to up 2%”
Net sales for FY2025
“$13.4 billion to $14.0 billion”
Weighted light and commercial vehicle markets for FY2025
“down 3.0% to down 1.0%”
Estimated outgrowth above market production for FY2025
“approximately 100 to 300 basis points”
Impact of foreign currencies on sales for FY2025
“a year-over-year decrease in sales of approximately $410 million”
Operating margin for FY2025
“9.1% to 9.2%”
Adjusted operating margin for FY2025
“10.0% to 10.2%”
Net earnings for FY2025
“$3.84 to $4.12 per diluted share”
Net earnings per diluted share for FY2025
“$3.84 to $4.12”
Adjusted net earnings per diluted share for FY2025
“$4.05 to $4.40”
Operating cash flow for FY2025
“$1,325 million to $1,375 million”
Free cash flow for FY2025
“$650 million to $750 million”
Net Sales for FY2025
“$13,400” – “$14,000”
Operating income for FY2025
“$1,219” – “$1,284”
Adjusted operating income for FY2025
“$1,345” – “$1,430”
Earnings per Diluted Share for FY2025
“$3.84” – “$4.12”
Adjusted Earnings per Diluted Share for FY2025
“$4.05” – “$4.40”
Net cash provided by operating activities for FY2025
“$1,325” – “$1,375”
Organic Net Sales Change % for FY2025
“(2.0)%” – “2.3%”
LV/CV Weighted Market for FY2025
“(1.0)%” – “(3.0)%”
Outgrowth for FY2025
“1.0%” – “3.3%”
Light vehicle production change - Total for FY2025
“(2.5)% to (1.5)%”
Commercial vehicle production change - Total for FY2025
“3% to 7.5%”
BorgWarner-Weighted production change - Total for FY2025
“(3)% to (1)%”
Exhibit 99.1 · the passage around this item
Exhibit 99.1 Immediate Release Contact: Patrick Nolan 248.754.0884 BorgWarner Reports Full Year 2024 Results, Expects to Deliver Continued Sales Outgrowth, an Adjusted Operating Margin Above 10% and Strong Free Cash Flow in 2025 Auburn Hills, Michigan, February 6, 2025 – BorgWarner Inc. (NYSE: BWA) today reported fourth quarter and full-year results and provided 2025 guidance. Fourth Quarter 2024 and 2025 Guidance Highlights • BorgWarner achieved an adjusted operating margin of 10.2% during the fourth quarter, which equated to a U.S. GAAP operating margin of (9.2)%, which includes $646 million of goodwill and fixed asset impairment charges recorded during the fourth quarter in our PowerDrive Systems and Battery & Charging Systems business units. The Company also generated net cash provided by operating activities of $682 million or $539 million in free cash flow, despite an approximately 4% decline in the Company’s weighted light and commercial vehicle markets. • BorgWarner expects to deliver continued sales outgrowth, an adjusted operating margin above 10% and strong free cash flow in 2025, despite the Company’s expectation that its weighted light and commercial vehicle markets will be down 1% to 3% in 2025. The Company’s guidance implies a year-over-year change in organic sales of down 2% to up 2%. New Business Update The Company
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.