Borgwarner Announces Additional Share Repurchase Authorization
May 2 (Reuters) -Borgwarner Inc BWA.N:
BORGWARNER REPORTS FIRST QUARTER 2024 RESULTS AND INCREASES FULL-YEAR EPS GUIDANCE, ANNOUNCES ADDITIONAL SHARE REPURCHASE AUTHORIZATION
BORGWARNER INC - AUTHORIZED AN ADDITIONAL SHARE REPURCHASE PROGRAM OF UP TO $500 MILLION TO BE EXECUTED OVER NEXT THREE YEARS
BORGWARNER INC - NET SALES FOR 2024 ARE EXPECTED TO BE IN RANGE OF $14.4 BILLION TO $14.9 BILLION
BORGWARNER INC - EXPECTS ITS 2024 EPRODUCT SALES TO BE $2.5 BILLION TO $2.8 BILLION, UP FROM ABOUT $2.0 BILLION IN 2023
BORGWARNER INC - EXPECTS WEIGHTED LIGHT AND COMMERCIAL VEHICLE MARKETS TO BE IN RANGE OF DOWN 2.5% TO ROUGHLY FLAT IN 2024
BORGWARNER INC - FULL-YEAR OPERATING CASH FLOW IS EXPECTED TO BE IN RANGE OF $1,325 MILLION TO $1,375 MILLION
BORGWARNER INC - SECURED CONTRACTS WITH POLESTAR, EUROPEAN OEM TO SUPPLY ELECTRIC TORQUE VECTORING DISCONNECT SYSTEMS FOR BATTERY ELECTRIC VEHICLES
BORGWARNER INC - PRODUCTION FOR EUROPEAN OEM IS EXPECTED TO BEGIN LATER IN 2024
BORGWARNER INC - SOLIDIFIED TWO HIGH VOLTAGE HAIRPIN EMOTOR BUSINESS WINS WITH XPENG FOR USE ON TWO UPCOMING SUV MODEL
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