BorgWarner's 1Q Results Down, but Firm Beats Global Auto Production; Maintaining $57 FVE
Narrow-moat-rated BorgWarner, the provider of vehicle propulsion components and systems to the global automotive industry, reported first-quarter 2019 diluted earnings per share before special items of $1.00, $0.06 better than the market consensus but down $0.10 from a year ago. BorgWarner continued to outperform overall light-vehicle demand, with a 3.3% organic revenue decline versus a 5.2% drop in global light-vehicle production.On an as-reported basis, including negative currency translation...
BorgWarner is a holding company. Through its subsidiaries, the company is a global product provider in technology solutions for combustion, hybrid and electric vehicles. The company manufactures and sells these products worldwide, primarily to original equipment manufacturers of light vehicles (passenger cars, sport-utility vehicles, vans and light trucks). The company's segments are: Engine, which provides turbochargers, eBoosters, timing systems, emissions systems, thermal systems, gasoline ignition technology, cabin heaters, battery heaters and battery charging; and Drivetrain, which provides rotating electrical components, power electronics, clutching systems, control modules and all-wheel drive systems.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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