BorgWarner Gives Dim 2025 Outlook After Swinging to 4Q Loss

Dow Jones

06 Feb

By Dean Seal

BorgWarner issued weaker-than-expected 2025 guidance after swinging to a loss in the fourth quarter as sales fell and it took on impairment charges that slashed the bottom line.

The auto-parts maker posted a loss of $405 million, or $1.85 a share, compared with a profit of $154 million, or 66 cents a share, in the same quarter a year ago. The quarter included $646 million in goodwill and fixed asset impairment charges related to its PowerDrive Systems and battery and charging systems segments.

Stripping out one-time items, adjusted earnings were $1.01 a share. Analysts polled by FactSet had been expecting 96 cents a share.

Sales decreased 2.4% to $3.44 billion, below analyst forecasts for $3.46 billion, according to FactSet. The decline was largely driven by lower industry production, which offset higher demand for BorgWarner products, the company said.

The Auburn Hills, Mich., company is targeting $13.4 billion to $14 billion in sales for 2025, below current analyst estimates for $14.25 billion, according to FactSet.

Full-year earnings are expected to be $3.84 to $4.12 a share, and $4.05 to $4.40 a share on an adjusted basis. Analysts surveyed by FactSet had been projecting $4.44 a share in adjusted earnings.

Shares dropped 5% to $29.61 in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 06, 2025 06:55 ET (11:55 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts surveyed by FactSet had been projecting $4.44 a share in adjusted earnings. \n</p>\n<p>\n  Shares dropped 5% to $29.61 in premarket trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 06:55 ET (11:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4124","symbol_name":"机动车零配件与设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509242542","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509242542","pubTimestamp":1738842900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"BorgWarner issued weaker-than-expected 2025 guidance after swinging to a loss in the fourth quarter as sales fell and it took on impairment charges that slashed the bottom line.The auto-parts maker posted a loss of $405 million, or $1.85 a share, compared with a profit of $154 million, or 66 cents a share, in the same quarter a year ago. 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The quarter included $646 million in goodwill and fixed asset impairment charges related to its PowerDrive Systems and battery and charging systems segments. \n\n\n  Stripping out one-time items, adjusted earnings were $1.01 a share. Analysts polled by FactSet had been expecting 96 cents a share. \n\n\n  Sales decreased 2.4% to $3.44 billion, below analyst forecasts for $3.46 billion, according to FactSet. The decline was largely driven by lower industry production, which offset higher demand for BorgWarner products, the company said. \n\n\n  The Auburn Hills, Mich., company is targeting $13.4 billion to $14 billion in sales for 2025, below current analyst estimates for $14.25 billion, according to FactSet. \n\n\n  Full-year earnings are expected to be $3.84 to $4.12 a share, and $4.05 to $4.40 a share on an adjusted basis. Analysts surveyed by FactSet had been projecting $4.44 a share in adjusted earnings. \n\n\n  Shares dropped 5% to $29.61 in premarket trading. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2025 06:55 ET (11:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}