Business
BorgWarner Reports Strong First Quarter 2025 Results; Announces Exit of Charging Business; Secures New Business Across Portfolio to Support Future Growth
BorgWarner Inc. (NYSE: BWA) today reported first quarter results.
About this update from Borgwarner Inc.
[{"type":"text","content":"AUBURN HILLS, Mich., May 7, 2025 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported first quarter results.","length":114,"tagName":"p"},{"type":"image","alt":"BorgWarner logo. (PRNewsfoto/BorgWarner)","displaySize":"","headline":null,"caption":"BorgWarner logo. (PRNewsfoto/BorgWarner)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":34,"url":"https://media.zenfs.com/en/prnewswire.com/c9c427a51fb8847b3e9df51388eb1fa5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/KwOU3tVTgR9eSJ20b8VuRQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTYwO2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/c9c427a51fb8847b3e9df51388eb1fa5","width":400,"height":34}},"href":"https://mma.prnewswire.com/media/2336418/BorgWarner_Logo_v2.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"First Quarter Results and Business Update ","length":41,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"BorgWarner's (the "Company") organic sales were relatively flat compared with first quarter 2024, which equated to a U.S. GAAP net sales decrease of approximately 2%. This performance was despite a 3.6% decrease in the Company's weighted light and commercial vehicle markets. The Company's outgrowth of approximately 3.7% was primarily driven by strong light vehicle eProduct sales, which increased 47% year over year.","length":440,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company achieved an adjusted operating margin of 10.0% during the first quarter of 2025, which equated to a U.S. GAAP operating margin of 6.7%. The Company's strong performance and focus on cost controls allowed it to expand its adjusted operating margin by approximately 60 basis points compared with first quarter 2024, despite a 20 basis point headwind from tariffs.","length":377,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company announced a number of portfolio actions that are intended to drive focus and enhance its future long-term profitable growth including:","length":146,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Exiting its Charging business during the second quarter of 2025. This action is expected to create a more focused portfolio and eliminate approximately $30 million of annualized adjusted operating losses.","length":204,"tagNam...