BorgWarner Inc.（BWA）のニュースとイベントBWABorgWarner Inc.

BorgWarner Secures New Programs in Europe and China

BorgWarner new program awards in Europe and China. The wins include a program life extension and significant volume increase for a leading European premium OEM's V6 engine family and a conquest win for a major Chinese OEM's 1.5-liter turbocharged gasoline engine family, replacing the previous incumbent supplier. Compared with oil pressure actuated variable cam timing, or VCT, architectures, BorgWarner's center-bolt CTA VCT system shortens and simplifies internal oil passages, enabling superior cam phasing response, stronger lock-pin engagement and reduced oil consumption for improved fuel economy. For the European premium OEM, BorgWarner supplies its center-bolt Cam Torque Actuated VCT system for a V6 engine family used in premium and sports cars, covering two power output classes from 260 to 375 kW in both hybrid and pure gasoline configurations. The program is already in series production, and the newly awarded volume increase and program life extension are scheduled to begin in January 2027. For the Chinese OEM, BorgWarner's CTA VCT system was selected for a high volume 1.5-liter turbocharged gasoline engine family powering a range of SUV and sedan models for the Chinese market. The conquest award replaces the previous incumbent supplier, with BorgWarner's market-leading solution offering fuel efficiency, local manufacturing and improved cost competitiveness. Start of production is planned for September 2026.

Company Board Approves $1B Increase to Share Repurchase Program

The company's board of directors authorized an increase to its share repurchase program of $1B, bringing the company's total authorization to approximately $1.35B, which is intended to allow management to repurchase the company's outstanding shares through 2029.

Company Raises 2026 EPS Guidance to $5.18

Consensus $5.18. Backs FY26 revenue view $14B-$14.3B, consensus $14.18B. The company said, "The Company increased its 2026 full year adjusted earnings per share guidance, while maintaining its sales, adjusted operating margin and cash flow expectations. At the mid-point of its 2026 guidance, the Company expects to deliver another year of adjusted operating margin improvement and adjusted earnings per share growth despite the Company's expectation that its weighted light vehicle markets will be down 3% to approximately flat and a decline in the Company's Battery Energy Systems segment sales. Net sales are expected to be in the range of $14.0 billion to $14.3 billion in 2026, compared with 2025 net sales of approximately $14.3 billion. The Company's net sales guidance implies a year-over-year change in organic net sales of down 3.5% to down 1.5%. The Company's net sales guidance includes an expected year-over-year sales decline of approximately $250 million in the Company's Battery Energy Systems segment, which represents approximately a 1.7% headwind to organic net sales growth in 2026. Foreign currencies are expected to result in a year-over-year increase in sales of approximately $175 million primarily due to the strengthening of the Euro and Chinese Renminbi against the U.S. dollar. U.S. GAAP operating margin is expected to be in the range of 9.6% to 9.8% in 2026. Excluding the impact of non-comparable items and the add back of intangible asset amortization expense, adjusted operating margin is expected to be in the range of 10.7% to 10.9%. U.S. GAAP net earnings are expected to be within the range of $4.72 to $4.94 per diluted share. Excluding the impact of non-comparable items, adjusted net earnings are expected to be in the range of $5.05 to $5.30 per diluted share, compared to the Company's previous adjusted net earnings range of $5.00 to $5.20 per diluted share. The increase is due to the impact of the Company's share repurchases during the first half of 2026. Full year operating cash flow is expected to be in the range of $1,600 million to $1,700 million, while free cash flow is expected to be in the range of $900 million to $1,100 million."