BorgWarner's second quarter performance was strong and it delivered an all-around beat despite a slight decline in global output. The company outperformed in North America and Europe and had sales of nearly $3.8 billion, an increase of around 7%. From a margin standpoint, this quarter's planned increase in eProducts R&D spending, net material challenges, and unexpected production shutdowns in China all had a negative effect on their performance. Besides, the management stated that its battery so ....
28 Sep 2022
BorgWarner Inc: The Rhombus Energy Acquisition & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (09/22)
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
BorgWarner Inc: The Rhombus Energy Acquisition & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (09/22)
- Published:
28 Sep 2022 -
Author:
Ishan Majumdar -
Pages:
27
BorgWarner's second quarter performance was strong and it delivered an all-around beat despite a slight decline in global output. The company outperformed in North America and Europe and had sales of nearly $3.8 billion, an increase of around 7%. From a margin standpoint, this quarter's planned increase in eProducts R&D spending, net material challenges, and unexpected production shutdowns in China all had a negative effect on their performance. Besides, the management stated that its battery so ....