NYSE$BWA

BorgWarner Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported net sales increased compared with third quarter 2019 and net cash provided by operating activities.

BorgWarner reported a 2% increase in net sales for the third quarter of 2020 compared to the third quarter of 2019, reaching $2,534 million. Net earnings were $111 million, or $0.53 per diluted share. Net cash provided by operating activities was $481 million, and free cash flow amounted to $390 million.

  • U.S. GAAP net sales of $2,534 million, up 2% compared with third quarter 2019.
  • U.S. GAAP net earnings of $0.53 per diluted share.
  • U.S. GAAP operating income of $284 million, or 11.2% of net sales.
  • Net cash provided by operating activities of $481 million and Free cash flow was $390 million.

Headline financials

Total Revenue

$2.53B

Previous: $2.49B+1.7%
EPS (adj)

$0.88

Previous: $0.96-8.3%
Free Cash Flow

$111M

Previous: $194M-42.8%
Net Income

$111M

Previous: $194M-42.8%
Operating Income

$284M

Previous: $276M+2.9%
Gross Profit

$517M

Previous: $524M-1.3%
Cash & Equivalents

$2.12B

Previous: $916M+131.6%
Total Assets

$10.9B

Previous: $10.2B+6.8%
Stock-Based Comp

$13M

Previous: $13M+0.0%

Revenue & EPS history

BorgWarner · Revenue · Quarterly

$2.53B

Q3 2020+1.7%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

For the fourth quarter 2020, net sales are expected to be in the range of $3.46 billion to $3.61 billion, under the assumption that there are not additional production disruptions arising from COVID-19. Excluding the impact of non-comparable items, adj. operating margin is expected to be in the range of 8.8% to 9.6%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.6%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+0.7%

Avg return

30 days after

54%

39 / 72 earnings

Positive

+22.5%

Q4 2025

Best reaction

-11.1%

Q2 2008

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%+10.2%+26.9%
Q4 2025+22.5%+16.3%-6.3%
Q3 2025+3.2%+3.0%+0.5%
Q1 2025+4.7%+12.5%+11.4%
Q4 2024-3.0%-5.6%-4.4%
Q3 2024-0.3%+1.4%+2.3%
Q2 2024+4.9%-0.2%+5.0%
Q1 2024+10.9%+12.0%+8.5%
Q4 2023-6.0%-8.2%-5.3%
Q3 2023-10.1%-12.1%-8.5%
Q2 2023-10.9%-8.8%-11.1%
Q1 2023-4.0%-4.2%+2.6%
Q4 2022+3.6%+6.6%+2.8%
Q3 2022+3.5%+2.1%+15.6%
Q2 2022-0.5%-0.3%-4.0%
Q1 2022-0.1%-3.5%+3.0%
Q4 2021+5.8%+1.9%-10.3%
Q3 2021-1.0%-0.6%-6.7%
Q2 2021-5.8%-7.7%-12.6%
Q1 2021+7.7%+9.1%+12.3%
Q4 2020-3.9%+0.2%+15.2%
Q3 2020-4.6%-0.8%+7.8%
Q2 2020+4.1%+9.0%+13.2%
Q1 2020+3.3%+8.5%+38.3%
Q4 2019-1.5%-1.0%-26.0%
Q3 2019+11.2%+14.9%+7.2%
Q2 2019-7.8%-10.4%-27.3%
Q1 2019-2.4%-4.1%-18.2%
Q4 2018+3.8%+3.5%-6.4%
Q3 2018+6.3%+8.7%+10.3%
Q2 2018+4.1%+4.5%+0.9%
Q1 2018-6.2%-8.3%-2.7%
Q4 2017-4.3%-4.9%-6.3%
Q3 2017+2.3%+2.1%+2.4%
Q2 2017+2.3%-0.1%-3.7%
Q1 2017+3.0%-0.4%-0.2%
Q4 2016+2.9%+2.6%+3.3%
Q3 2016+0.7%-0.3%+0.8%
Q2 2016-3.0%-6.1%-1.6%
Q1 2016-7.0%
Q4 2015+4.6%
Q3 2015-6.0%
Q2 2015-5.2%
Q1 2015-2.3%
Q4 2014+3.7%
Q3 2014+0.3%
Q2 2014-5.6%
Q1 2014-2.4%
Q4 2013+4.5%
Q3 2013-1.7%
Q2 2013+0.4%
Q1 2013+3.7%
Q4 2012+1.2%
Q3 2012+4.9%
Q2 2012-0.3%
Q1 2012-0.9%
Q4 2011+2.2%
Q3 2011-0.2%
Q2 2011+11.1%
Q1 2011+3.1%
Q4 2009+7.4%
Q4 2010+7.4%
Q3 2010+3.7%
Q2 2010+8.5%
Q1 2009+8.5%
Q1 2010+5.4%
Q4 2007+1.1%
Q3 2008-3.1%
Q3 2009-3.1%
Q4 2008-11.1%
Q2 2009-11.1%
Q2 2008-11.1%

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