BorgWarner Company profile
About BorgWarner Inc.
BorgWarner Inc. is a provider of technology solutions for combustion, hybrid and electric vehicles. The Company operates through four segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers technology, such as turbochargers, eBoosters, eTurbos, timing systems, emissions systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery heaters and battery charging. The e-Propulsion & Drivetrain segment offers technologies such as rotating electrical components, power electronics, control modules, software, friction and mechanical products for automatic transmissions products. The Fuel Injection segment develops and manufactures gasoline and diesel fuel injection components and systems. The Aftermarket segment offer products that include various solutions covering the fuel injection, electronics and engine management, maintenance and test equipment and vehicle diagnostics categories.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, BorgWarner Inc. revenues increased 46% to $14.84B. Net income increased 7% to $537M. Revenues reflect Air Management segment increase of 28% to $7.15B, e-Propulsion & Drivetrain segment increase of 32% to $5.21B, China segment increase of 55% to $3.52B, Mexico segment increase of 68% to $1.74B.
Equity composition
Common Stock $.01 Par, 12/10, 150M auth., 120,086,206 issd., less 7,769,762 shs. in Treas. @ $349.5M. Insiders own 1.05%. IPO 8/93, 3.7M shares @ $25 by Merrill Lynch. PO 7/96, 3.25M shares @ $34 by Merrill. PO 2/97, 4M shares @ $40 by Merrill Lynch. 2/00, Name changed from Borg-Warner Automotive. 5/04, 12/13, 2-for-1 Stock spilt.
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