BorgWarner (NYSE:BWA) Full Year 2023 Results
Key Financial Results
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Revenue: US$14.2b (down 10% from FY 2022).
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Net income: US$632.0m (down 33% from FY 2022).
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Profit margin: 4.5% (down from 6.0% in FY 2022).
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EPS: US$2.70 (down from US$4.01 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BorgWarner Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company’s shares are down 8.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for BorgWarner that you need to take into consideration.
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