BorgWarner Inc

BWA: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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BorgWarner Earnings: Increase in Share Repurchases and Upward Revisions to Profitability Lift Shares

While softening industry production volumes restricted top-line growth, narrow-moat BorgWarner beat FactSet consensus expectations on the bottom line by delivering adjusted EPS of $1.19 versus consensus' $1.01. Full-year profit guidance was revised upward and share repurchases for the year increased from $100 million to $400 million. It also announced that the restructuring of the e-propulsion segment is expected to generate cost savings of $100 million by 2026 (operating income for the segment year to date is negative $111 million).

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