Tue, May 12, 8:27 AM| Comment!
Thu, Apr. 30, 8:25 AM
- BorgWarner (NYSE:BWA) had a tough time getting out of the way of F/X swings in Q1 due to the global nature of its business.
- Revenue was decreased by 11% and EPS by $0.09 due to foreign currencies.
- Guidance: The company lowers its outlook on sales growth to -4% to 0% from +2% to +6%. The view on EPS is lowered to $3.10-$3.30 vs. $3.35-$3.55 prior and $3.43 consensus.
- Previously: BorgWarner misses by $0.06, misses on revenue
Thu, Apr. 30, 8:15 AM
Wed, Apr. 29, 5:30 PM
- AAWW, AB, ABC, ACIW, ACOR, ADP, AIT, ALKS, ALLE, AMT, ANR, APD, ARG, ARW, AVP, AWI, BCE, BDC, BG, BKCC, BLL, BWA, BZH, CAH, CCE, CDK, CELG, CI, CL, CME, COMM, COP, CRR, CRS, CSH, CTCM, CVI, CVRR, CWEI, CY, DBD, DIN, DLPH, EME, EPD, ERJ, EXLS, FCN, FIS, FMS, FSS, GEO, GG, GLOP, GNC, GNRC, GOV, GTI, GTLS, HAR, HEES, HST, HUN, I, IDA, IMAX, INCY, INGR, IRDM, ITC, ITG, IVZ, LBY, LKQ, LLL, LPLA, MD, MGLN, MINI, MLM, MMC, MOS, MPC, MPLX, MSCI, MTRN, MVIS, NBIX, NI, NOK, NTCT, NVO, NYT, OAK, ODFL, OMG, PBI, PCRX, PES, PF, POT, PSX, PSXP, PWE, PWR, RDS.A, RDWR, RGLD, RGS, ROK, RYL, SCG, SEE, SHPG, SMP, SNAK, SNE, SNMX, STM, STRZA, TASR, TDY, TEVA, TFX, THRM, TKR, TWC, TWI, UAN, UFS, UPL, VA, VAC, VGR, VIAB, VLY, VNTV, WRLD, WST, WWE, XEL, XOM, XYL, ZMH
Wed, Apr. 29, 4:58 PM
Fri, Apr. 3, 8:57 AM
- Toyota (NYSE:TM) is set to spend $1.25B on new plants in China and Mexico, sources tell the Wall Street Journal.
- The plants would be the first new production facilities for the Japanese automaker since 2012 after it shifted to a more conservative stance.
- Additional capacity from the new Toyota plants could total several hundred thousand vehicles per year to start and tip off a new philosophy.
- Toyota is expected to keep producing vehicles at a +10M unit annual pace for the next few years even before any new plants come online.
- Denso Corp. (OTCPK:DNZOF, OTCPK:DNZOY) and Toyota Boshuku (OTC:TDBOF, OTCPK:TDBOY) are major suppliers to Toyota and could see a lift from the boost in capacity. Both firms are backed by Toyota Group.
- Other suppliers to Toyota include Tenneco (NYSE:TEN), Dana Holdings (NYSE:DAN), Magna International (NYSE:MGA), and BorgWarner (NYSE:BWA) to name just a few.
Thu, Mar. 12, 8:08 AM
Mon, Mar. 2, 1:57 PM
- There's a broad rally in auto parts stocks underway after a strong read on sales in some key European markets.
- Sales in Spain rose 26% Y/Y in February, while sales improved 7% in Germany and 4.1% in France.
- February U.S. sales are due to be reported tomorrow by manufacturers.
- Gainers: Federal-Mogul (NASDAQ:FDML)+4.1%, Westport Innovations (NASDAQ:WPRT) +2.6%, Modine Manufacturing (NYSE:MOD) +2.6%, Dana Holding (NYSE:DAN) +2.5%, Visteon (NYSE:VC) +2.4%, BorgWarner (NYSE:BWA) +2.4%, Lear (NYSE:LEA) +2.4%, Lydall (NYSE:LDL) +2.2%, Johnson Controls (NYSE:JCI) +2.2%, Delphi Automotive (NYSE:DLPH) +2.0%.
Wed, Feb. 18, 2:09 PM
- JPMorgan sees a bounce in retail sales over the next two quarters as stronger employment rates and lower gas prices underpin demand.
- A screen by JP dug out the 12 stocks which show the largest correlation with headline retail sales growth.
- A dozen to watch in retail: GM, F, COH, SBUX, BWA, DLPH, VFC, IPG, LB, OMC, TSCO, HOG
Tue, Feb. 17, 8:09 AM
- BorgWarner (NYSE:BWA) says it will provide its latest turbocharging technology to Volkswagen to extend a long partnership with the company.
- The company notes the new turbochargers for 1.4-liter three-cylinder diesel engines will comply with Euro 6 emission standards.
- Financial details of the supplier contract weren't disclosed.
Thu, Feb. 12, 8:49 AM
Wed, Feb. 11, 5:30 PM
- AAP, AAWW, AB, ACOR, ANR, APA, AVP, BG, BWA, CAB, CCE, COR, CPLA, CS, CVE, DBD, DPS, FAF, FLO, GNC, HE, HERO, HIMX, HSP, IFF, INCY, JAH, K, LMNS, LNCE, LPNT, MANU, MDWD, MFA, MFC, MHFI, MINI, MPEL, MPW, NCI, NLSN, NNN, NRP, NWE, PDS, PNK, Q, RDN, RTIX, RWLK, RYN, SCOR, SHPG, SKYW, SNI, SON, SPW, STC, THS, TIME, TU, VG, VNTV, WD, WSO, WWAV, WWE
Wed, Feb. 11, 4:46 PM
Mon, Feb. 2, 12:19 PM
- A number of auto parts stocks are in rally mode today.
- A positive forecast on global demand from IHS could be boosting sentiment.
- The research firm projects global sales will improve 2.4% to 88.6M units - a mark that is dragged down by the collapse of the Russian auto industry.
- Some analysts think the sector is setting up to see a delayed demand reaction this year as drivers add more miles than anticipated to their cars with gas prices lower.
- Easy sales comparisons are also looming in the second half for many companies/
- Advancers: Tenneco (TEN +4.7%), Federal-Mogul Holdings (FDML +2.8%), Modina Manufacturing (MOD +3.4%), Superior Industries (SUP +3.3%), BorgWarner (BWA +1.7%), Cooper-Standard Holdings (CPS +1.1%), Delphi Automotive (DLPH +1.9%), Dana Holding (DAN +1.7%), Autolive (ALV +1.6%), Lear (LEA +1.5%).
Wed, Jan. 14, 10:48 AM
- BorgWarner (BWA -5.5%) reaffirms 2014 EPS guidance of $3.23-$3.28.
- The company expects sales growth of 11.5% in 2014, down from a prior guidance range of 12%-13%.
- A strong U.S. dollar and "slightly" softer than anticipated volumes were factors in the quarter.
- 2015 guidance: Sales growth of 2% to 3% expected (+9.5%-12.0% ex-weak currencies); operating margin above 13%; free cash flow $350M-$400M; EPS of $3.35-$3.45 forecast.
Tue, Jan. 13, 8:23 AM
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