BorgWarner Inc. Files 10-Q for Q2 2024

Ticker: BWA · Form: 10-Q · Filed: 2024-07-31T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, discontinued-operations

TL;DR

BorgWarner's Q2 2024 10-Q is in, detailing segment performance and Phinia's discontinued ops. Check the numbers.

AI Summary

BorgWarner Inc. reported its financial results for the period ending June 30, 2024. The company's filing covers its performance across various segments, including discontinued operations related to Phinia. Specific financial figures and comparative data from prior periods are detailed within the report.

Why It Matters

This 10-Q filing provides investors and analysts with a detailed look at BorgWarner's financial health and operational performance for the second quarter of 2024, including segment-specific data and discontinued operations.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the inclusion of discontinued operations (Phinia) adds a layer of complexity that warrants careful review.

Key Numbers

2024 Q2 — Reporting Period (Financial results for the second quarter of 2024.)
2024-01-01 to 2024-06-30 — Year-to-Date Period (Consolidated financial data for the first six months of 2024.)
2023-01-01 to 2023-06-30 — Prior Year-to-Date Period (Comparative financial data for the first six months of 2023.)

Key Players & Entities

BORGWARNER INC (company) — Filer
Phinia (company) — Segment Discontinued Operations
20240630 (date) — Period of Report
20240731 (date) — Filed as of Date

FAQ

What is the financial performance of BorgWarner's discontinued operations related to Phinia for Q2 2024?

The filing indicates that Phinia is a segment of discontinued operations for BorgWarner, with financial data presented for the periods of April 1, 2024, to June 30, 2024, and January 1, 2024, to June 30, 2024, as well as comparative data from 2023.

What is the fiscal year end for BorgWarner Inc.?

BorgWarner Inc.'s fiscal year ends on December 31.

What is the primary business of BorgWarner Inc. according to the SIC code?

BorgWarner Inc. is classified under SIC code 3714, which pertains to MOTOR VEHICLE PARTS & ACCESSORIES.

When was the company formerly known as BORG WARNER AUTOMOTIVE INC?

The company's name changed from BORG WARNER AUTOMOTIVE INC on June 28, 1993.

What are the key reporting dates covered in this 10-Q filing?

The filing is for the period of report ending June 30, 2024, and was filed as of July 31, 2024. It includes comparative data for Q2 2024 and Q2 2023, as well as year-to-date periods.

From the Filing

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