BorgWarner reports Q4 adjusted EPS $1.01, consensus 96c

Reports Q4 revenue $3.44B, consensus $3.47B. The company said, “BorgWarner (BWA) achieved an adjusted operating margin of 10.2% during the fourth quarter, which equated to a U.S. GAAP operating margin of (9.2)%, which includes $646 million of goodwill and fixed asset impairment charges recorded during the fourth quarter in our PowerDrive Systems and Battery and Charging Systems business units. The Company also generated net cash provided by operating activities of $682 million or $539 million in free cash flow, despite an approximately 4% decline in the Company’s weighted light and commercial vehicle markets.”