BorgWarner (NYSE:BWA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.45b (down 4.8% from 3Q 2023).

• Net income: US$242.0m (up 178% from 3Q 2023).

• Profit margin: 7.0% (up from 2.4% in 3Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$1.09 (up from US$0.37 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BorgWarner EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for BorgWarner that we have uncovered.

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