- Vehicle technology company BorgWarner (NYSE: BWA) certainly had an eventful first quarter: end-market declines, tariff impacts, supplier bankruptcies, and the announcement of restructuring plans that will impair earnings growth in the near term.
- BorgWarner’s North American revenue was flat year over year, compared with a 2.5% market decline.
- Thinking further ahead, management outlined a plan to reduce annual structural costs by some $40 million to $50 million over the next couple of years, but this will result in “restructuring expenses in the $80 million to $100 million range through the end of 2020,” according to Lissalde on the earnings call.