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Borgwarner Inc (NYSE: BWA) |
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Description of Borgwarner Inc's Business Segments
BorgWarner Inc. is a leading global supplier of advanced automotive technologies and operates through two primary segments: the Engine Segment and the Drivetrain Segment. Each segment specializes in a diverse portfolio of products aimed at enhancing vehicle performance, fuel efficiency, and environmental sustainability.
Engine Segment
The Engine Segment focuses on the development and manufacturing of products designed to improve fuel economy, reduce emissions, and enhance overall engine performance. The increasing regulatory emphasis on fuel efficiency and emissions, coupled with consumer demand for better performance, drives the development of innovative technologies within this segment.
Turbochargers
Turbochargers are a critical offering in the Engine Segment, providing benefits such as:
- Enhanced engine power output without increasing engine size.
- Improved fuel economy.
- Reduced emissions.
BorgWarner supplies turbochargers for a variety of applications, including light, commercial, and off-highway vehicles, and caters to both gasoline and diesel engine markets across the Americas, Europe, and Asia. The company has gained significant market share, with sales of turbochargers for light vehicles constituting 31%, 28%, and 26% of total net sales for the years ending December 31, 2015, 2014, and 2013, respectively.
BorgWarners advanced turbocharging technologies include:
- Regulated Two-Stage Turbocharging (R2S') and Regulated Three-Stage Turbocharging (R3S') systems, noted for their efficiency and application in high-performance engines.
- Variable Turbine Geometry (VTG) turbochargers, acclaimed for their adaptability and performance, utilized by manufacturers like BMW, FCA, and Hyundai.
- Turbocharging solutions specifically designed for gasoline direct injected engines enhance performance across various platforms.
Timing Systems
The Engine Segment also manufactures timing systems that regulate air and exhaust flow in engines to optimize performance and efficiency. Key products include:
- Timing chains and belts.
- Variable cam timing (VCT) systems.
- Crankshaft and camshaft sprockets, tensioners, and guides.
These systems play a pivotal role in enhancing the fuel economy and emissions standards across multiple OEMs, including Ford, GM, Volkswagen, and Hyundai.
Emission Systems
BorgWarner produces a range of emissions control products designed to meet stringent regulations:
- Electric air pumps.
- Exhaust Gas Recirculation (EGR) modules, including coolers and valves.
These technologies support both gasoline and diesel engines in managing emissions effectively.
Thermal Systems
The thermal management solutions offered by BorgWarner include:
- Viscous fan drives that respond dynamically to cooling needs.
- Polymer fans and coolant pumps, all aimed at optimizing engine temperatures for improved efficiency.
Ignition Systems
The Engine Segment also includes advanced ignition technologies, crucial for enhancing combustion efficiency:
- Glow plugs for diesel engines, including variants that assist in cold starts.
- Instant starting systems and advanced ignition technology for gasoline engines.
Noteworthy acquisitions, such as the purchase of Gustav Wahler GmbH, have strengthened BorgWarner's position in emissions system production.
Drivetrain Segment
The Drivetrain Segment emphasizes developing advanced mechanical components for automatic transmissions and all-wheel-drive (AWD) systems, alongside rotating electrical components crucial for modern vehicles.
Mechanical Products
This segment includes a range of friction, mechanical, and control products for automatic transmissions:
- Dual clutch modules and friction clutch systems.
- Torque converter clutches and one-way clutches, all designed to reduce weight and enhance fuel economy.
BorgWarners DualTronic' technology, launched in collaboration with leading automotive manufacturers like VW/Audi, enables manual gearboxes to operate automatically, providing seamless shifting while maintaining efficiency.
Torque Management Products
Torque management systems are central to the performance of AWD vehicles. BorgWarner manufactures:
- Transfer cases that optimize torque distribution to improve traction and stability across various vehicle models.
- Electronically controlled clutch systems for dynamically adjusting power distribution based on driving conditions.
The company also focuses on innovative coupling technologies like the Centrifugal Electro-Hydraulic (CEH) Actuator, which enhances vehicle traction while minimizing weight and improving fuel efficiency.
Rotating Electrical Components
Following the acquisition of Remy International, Inc. BorgWarner has bolstered its lineup of rotating electrical components, including:
- Starter motors and alternators capable of servicing light and commercial vehicles.
- Hybrid electric motors that serve both pure electric and hybrid applications.
These products cater to the evolving demands for greater electrical loads, improved fuel efficiency, and reduced operational noise across various vehicle platforms.
Conclusion
BorgWarner Inc. continues to innovate within its Engine and Drivetrain segments, addressing the demanding automotive landscape characterized by stringent performance and emission regulations. The company's extensive product offerings, from advanced turbocharging solutions to state-of-the-art drivetrain technologies, position it as a leader in providing efficient, high-performance systems for the automotive sector.
Composition of Borgwarner Inc Revenues by
Segments |
| |
| Foundational products |
|
 81.88 % |
of total Revenue |
| eProducts |
|
18.12 % |
of total Revenue |
| Turbos Thermal Technologies |
|
41.37 % |
of total Revenue |
| Drivetrain Morse Systems |
|
38.58 % |
of total Revenue |
| PowerDrive Systems |
|
15.79 % |
of total Revenue |
| Battery Charging Systems |
|
4.27 % |
of total Revenue |
| North America |
|
27.57 % |
of total Revenue |
| North America Turbos Thermal Technologies |
|
10.01 % |
of total Revenue |
| North America Drivetrain Morse Systems |
|
13.85 % |
of total Revenue |
| North America PowerDrive Systems |
|
2.36 % |
of total Revenue |
| North America Battery Charging Systems |
|
1.34 % |
of total Revenue |
| Europe |
|
37.47 % |
of total Revenue |
| Europe Turbos Thermal Technologies |
|
20.97 % |
of total Revenue |
| Europe Drivetrain Morse Systems |
|
9.25 % |
of total Revenue |
| Europe PowerDrive Systems |
|
4.52 % |
of total Revenue |
| Europe Battery Charging Systems |
|
2.73 % |
of total Revenue |
| Asia |
|
33.03 % |
of total Revenue |
| Asia Turbos Thermal Technologies |
|
8.59 % |
of total Revenue |
| Asia Drivetrain Morse Systems |
|
15.48 % |
of total Revenue |
| Asia PowerDrive Systems |
|
8.9 % |
of total Revenue |
| Asia Battery Charging Systems |
|
0.06 % |
of total Revenue |
| Other |
|
1.93 % |
of total Revenue |
| Other Turbos Thermal Technologies |
|
1.79 % |
of total Revenue |
| Other Battery Charging Systems |
|
0.14 % |
of total Revenue |
| Net sales - customers |
|
100 % |
of total Revenue |
| Inter-eliminations |
|
-0.31 % |
of total Revenue |
| Inter-eliminations Net sales - inter-segment |
|
-0.31 % |
of total Revenue |
| Turbos Thermal Technologies segments |
|
41.37 % |
of total Revenue |
| Turbos Thermal Technologies Net sales - customers |
|
41.37 % |
of total Revenue |
| Drivetrain Morse Systems segments |
|
38.72 % |
of total Revenue |
| Drivetrain Morse Systems Net sales - customers |
|
38.58 % |
of total Revenue |
| Drivetrain Morse Systems Net sales - inter-segment |
|
0.14 % |
of total Revenue |
| PowerDrive Systems segments |
|
15.96 % |
of total Revenue |
| PowerDrive Systems Net sales - customers |
|
15.79 % |
of total Revenue |
| PowerDrive Systems Net sales - inter-segment |
|
0.17 % |
of total Revenue |
| Battery Charging Systems segments |
|
4.27 % |
of total Revenue |
| Battery Charging Systems Net sales - customers |
|
4.27 % |
of total Revenue |
Q1 three months ended (Mar 31 2025)
|
| Revenues by Business Segments |
Revenues
(in millions $) |
%
(of total Revenues) |
| Foundational products |
2,878.00 |
81.88 % |
| eProducts |
637.00 |
18.12 % |
| Turbos Thermal Technologies |
1,454.00 |
41.37 % |
| Drivetrain Morse Systems |
1,356.00 |
38.58 % |
| PowerDrive Systems |
555.00 |
15.79 % |
| Battery Charging Systems |
150.00 |
4.27 % |
| North America |
969.00 |
27.57 % |
| North America Turbos Thermal Technologies |
352.00 |
10.01 % |
| North America Drivetrain Morse Systems |
487.00 |
13.85 % |
| North America PowerDrive Systems |
83.00 |
2.36 % |
| North America Battery Charging Systems |
47.00 |
1.34 % |
| Europe |
1,317.00 |
37.47 % |
| Europe Turbos Thermal Technologies |
737.00 |
20.97 % |
| Europe Drivetrain Morse Systems |
325.00 |
9.25 % |
| Europe PowerDrive Systems |
159.00 |
4.52 % |
| Europe Battery Charging Systems |
96.00 |
2.73 % |
| Asia |
1,161.00 |
33.03 % |
| Asia Turbos Thermal Technologies |
302.00 |
8.59 % |
| Asia Drivetrain Morse Systems |
544.00 |
15.48 % |
| Asia PowerDrive Systems |
313.00 |
8.9 % |
| Asia Battery Charging Systems |
2.00 |
0.06 % |
| Other |
68.00 |
1.93 % |
| Other Turbos Thermal Technologies |
63.00 |
1.79 % |
| Other Battery Charging Systems |
5.00 |
0.14 % |
| Net sales - customers |
3,515.00 |
100 % |
| Inter-eliminations |
-11.00 |
-0.31 % |
| Inter-eliminations Net sales - inter-segment |
-11.00 |
-0.31 % |
| Turbos Thermal Technologies segments |
1,454.00 |
41.37 % |
| Turbos Thermal Technologies Net sales - customers |
1,454.00 |
41.37 % |
| Drivetrain Morse Systems segments |
1,361.00 |
38.72 % |
| Drivetrain Morse Systems Net sales - customers |
1,356.00 |
38.58 % |
| Drivetrain Morse Systems Net sales - inter-segment |
5.00 |
0.14 % |
| PowerDrive Systems segments |
561.00 |
15.96 % |
| PowerDrive Systems Net sales - customers |
555.00 |
15.79 % |
| PowerDrive Systems Net sales - inter-segment |
6.00 |
0.17 % |
| Battery Charging Systems segments |
150.00 |
4.27 % |
| Battery Charging Systems Net sales - customers |
150.00 |
4.27 % |
| Total |
3,515.00 |
100 % |
Q1 three months ended (Mar 31 2025)
|
| Revenue Growth rates by Segment |
Y/Y Revenue
% |
Q/Q Revenue
% |
| Foundational products |
-6.83 % |
- |
| eProducts |
25.89 % |
- |
| Turbos Thermal Technologies |
-7.51 % |
- |
| Drivetrain Morse Systems |
-4.24 % |
- |
| PowerDrive Systems |
29.07 % |
- |
| Battery Charging Systems |
-15.25 % |
- |
| North America |
-4.34 % |
- |
| North America Turbos Thermal Technologies |
-13.09 % |
- |
| North America Drivetrain Morse Systems |
-4.51 % |
- |
| North America PowerDrive Systems |
59.62 % |
- |
| North America Battery Charging Systems |
2.17 % |
- |
| Europe |
-6.93 % |
- |
| Europe Turbos Thermal Technologies |
-10.01 % |
- |
| Europe Drivetrain Morse Systems |
-8.19 % |
- |
| Europe PowerDrive Systems |
33.61 % |
- |
| Europe Battery Charging Systems |
-21.95 % |
- |
| Asia |
4.31 % |
- |
| Asia Turbos Thermal Technologies |
1.68 % |
- |
| Asia Drivetrain Morse Systems |
-1.45 % |
- |
| Asia PowerDrive Systems |
20.85 % |
- |
| Asia Battery Charging Systems |
-60 % |
- |
| Other |
25.93 % |
- |
| Other Turbos Thermal Technologies |
23.53 % |
- |
| Other Battery Charging Systems |
66.67 % |
- |
| Net sales - customers |
-2.23 % |
- |
| Inter-eliminations |
- |
- |
| Inter-eliminations Net sales - inter-segment |
- |
- |
| Turbos Thermal Technologies segments |
-7.62 % |
- |
| Turbos Thermal Technologies Net sales - customers |
-7.51 % |
- |
| Drivetrain Morse Systems segments |
-4.09 % |
- |
| Drivetrain Morse Systems Net sales - customers |
-4.24 % |
- |
| Drivetrain Morse Systems Net sales - inter-segment |
66.67 % |
- |
| PowerDrive Systems segments |
28.67 % |
- |
| PowerDrive Systems Net sales - customers |
29.07 % |
- |
| PowerDrive Systems Net sales - inter-segment |
0 % |
- |
| Battery Charging Systems segments |
-15.25 % |
- |
| Battery Charging Systems Net sales - customers |
-15.25 % |
- |
| Total |
-2.23 % |
-75.05 % |
Q1 three months ended (Mar 31 2025)
|
| Income by Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Total |
171.00 |
4.86 % |
Q1 three months ended (Mar 31 2025)
|
| Income Growth rates by Segment |
Y/Y Income
% |
Q/Q Income
% |
| Total |
-22.62 % |
-57.14 % |
Annual Report on Borgwarner Inc Divisions, Sales by Country |
| |
| Foundational products |
|
83.42 % |
of total Revenue |
| eProducts |
|
16.58 % |
of total Revenue |
| Turbos Thermal Technologies |
|
41.79 % |
of total Revenue |
| Drivetrain Morse Systems |
|
39.59 % |
of total Revenue |
| PowerDrive Systems |
|
13.75 % |
of total Revenue |
| Battery Charging Systems |
|
5.18 % |
of total Revenue |
| North America |
|
27.57 % |
of total Revenue |
| Europe |
|
37.24 % |
of total Revenue |
| Asia |
|
33.5 % |
of total Revenue |
| Other |
|
1.68 % |
of total Revenue |
| Inter-eliminations |
|
-0.31 % |
of total Revenue |
| Turbos Thermal Technologies segments |
|
41.79 % |
of total Revenue |
| Drivetrain Morse Systems segments |
|
39.59 % |
of total Revenue |
| PowerDrive Systems segments |
|
13.75 % |
of total Revenue |
| Battery Charging Systems segments |
|
5.18 % |
of total Revenue |
| Customers |
|
100 % |
of total Revenue |
| segments |
|
100 % |
of total Revenue |
| Turbos Thermal Technologies Customers |
|
41.78 % |
of total Revenue |
| Drivetrain Morse Systems Customers |
|
39.5 % |
of total Revenue |
| PowerDrive Systems Customers |
|
13.55 % |
of total Revenue |
| Battery Charging Systems Customers |
|
5.18 % |
of total Revenue |
| North America Turbos Thermal Technologies Customers |
|
10.17 % |
of total Revenue |
| North America Drivetrain Morse Systems Customers |
|
13.79 % |
of total Revenue |
| North America PowerDrive Systems Customers |
|
2.2 % |
of total Revenue |
| North America Battery Charging Systems Customers |
|
1.41 % |
of total Revenue |
| Europe Turbos Thermal Technologies Customers |
|
20.88 % |
of total Revenue |
| Europe Drivetrain Morse Systems Customers |
|
9.04 % |
of total Revenue |
| Europe PowerDrive Systems Customers |
|
3.89 % |
of total Revenue |
| Europe Battery Charging Systems Customers |
|
3.44 % |
of total Revenue |
| Asia Turbos Thermal Technologies Customers |
|
9.26 % |
of total Revenue |
| Asia Drivetrain Morse Systems Customers |
|
16.67 % |
of total Revenue |
| Asia PowerDrive Systems Customers |
|
7.45 % |
of total Revenue |
| Asia Battery Charging Systems Customers |
|
0.12 % |
of total Revenue |
| Other Turbos Thermal Technologies Customers |
|
1.48 % |
of total Revenue |
| Other Battery Charging Systems Customers |
|
0.21 % |
of total Revenue |
| Turbos Thermal Technologies Inter-segment |
|
0.01 % |
of total Revenue |
| Drivetrain Morse Systems Inter-segment |
|
0.09 % |
of total Revenue |
| PowerDrive Systems Inter-segment |
|
0.21 % |
of total Revenue |
| Inter-eliminations Inter-segment |
|
-0.31 % |
of total Revenue |
| United States |
|
15.9 % |
of total Revenue |
| Germany |
|
11.93 % |
of total Revenue |
| Poland |
|
8.24 % |
of total Revenue |
| Hungary |
|
5.82 % |
of total Revenue |
| Other Europe |
|
11.26 % |
of total Revenue |
| China |
|
20.32 % |
of total Revenue |
| Mexico |
|
11.67 % |
of total Revenue |
| South Korea |
|
8.38 % |
of total Revenue |
| Other foreign |
|
6.48 % |
of total Revenue |
Twelve months ended 2024
|
| BWA s Annual Revenue by Geography and Business Segments |
Sales
(in millions $) |
%
(of total Sales) |
| Foundational products |
11,751.00 |
83.42 % |
| eProducts |
2,335.00 |
16.58 % |
| Turbos Thermal Technologies |
5,887.00 |
41.79 % |
| Drivetrain Morse Systems |
5,577.00 |
39.59 % |
| PowerDrive Systems |
1,937.00 |
13.75 % |
| Battery Charging Systems |
729.00 |
5.18 % |
| North America |
3,884.00 |
27.57 % |
| Europe |
5,246.00 |
37.24 % |
| Asia |
4,719.00 |
33.5 % |
| Other |
237.00 |
1.68 % |
| Inter-eliminations |
-44.00 |
-0.31 % |
| Turbos Thermal Technologies segments |
5,887.00 |
41.79 % |
| Drivetrain Morse Systems segments |
5,577.00 |
39.59 % |
| PowerDrive Systems segments |
1,937.00 |
13.75 % |
| Battery Charging Systems segments |
729.00 |
5.18 % |
| Total |
14,086.00 |
100 % |
| Customers |
14,086.00 |
100 % |
| segments |
14,086.00 |
100 % |
| Turbos Thermal Technologies Customers |
5,885.00 |
41.78 % |
| Drivetrain Morse Systems Customers |
5,564.00 |
39.5 % |
| PowerDrive Systems Customers |
1,908.00 |
13.55 % |
| Battery Charging Systems Customers |
729.00 |
5.18 % |
| North America Turbos Thermal Technologies Customers |
1,432.00 |
10.17 % |
| North America Drivetrain Morse Systems Customers |
1,943.00 |
13.79 % |
| North America PowerDrive Systems Customers |
310.00 |
2.2 % |
| North America Battery Charging Systems Customers |
199.00 |
1.41 % |
| Europe Turbos Thermal Technologies Customers |
2,941.00 |
20.88 % |
| Europe Drivetrain Morse Systems Customers |
1,273.00 |
9.04 % |
| Europe PowerDrive Systems Customers |
548.00 |
3.89 % |
| Europe Battery Charging Systems Customers |
484.00 |
3.44 % |
| Asia Turbos Thermal Technologies Customers |
1,304.00 |
9.26 % |
| Asia Drivetrain Morse Systems Customers |
2,348.00 |
16.67 % |
| Asia PowerDrive Systems Customers |
1,050.00 |
7.45 % |
| Asia Battery Charging Systems Customers |
17.00 |
0.12 % |
| Other Turbos Thermal Technologies Customers |
208.00 |
1.48 % |
| Other Battery Charging Systems Customers |
29.00 |
0.21 % |
| Turbos Thermal Technologies Inter-segment |
2.00 |
0.01 % |
| Drivetrain Morse Systems Inter-segment |
13.00 |
0.09 % |
| PowerDrive Systems Inter-segment |
29.00 |
0.21 % |
| Inter-eliminations Inter-segment |
-44.00 |
-0.31 % |
| United States |
2,240.00 |
15.9 % |
| Germany |
1,680.00 |
11.93 % |
| Poland |
1,160.00 |
8.24 % |
| Hungary |
820.00 |
5.82 % |
| Other Europe |
1,586.00 |
11.26 % |
| China |
2,862.00 |
20.32 % |
| Mexico |
1,644.00 |
11.67 % |
| South Korea |
1,181.00 |
8.38 % |
| Other foreign |
913.00 |
6.48 % |
Twelve months ended 2024
|
| BWA s Annual Income by Country and Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Total |
399.00 |
2.83 % |
Twelve months ended 2024
|
| Annual Revenue and Income Growth by Country and Business Segments |
% Y/Y Sales Growth |
% Y/Y Income Growth |
| Foundational products |
-3.37 % |
- |
| eProducts |
14.63 % |
- |
| Turbos Thermal Technologies |
-2.08 % |
- |
| Drivetrain Morse Systems |
0.5 % |
- |
| PowerDrive Systems |
-10.57 % |
- |
| Battery Charging Systems |
33.52 % |
- |
| North America |
-5.11 % |
- |
| Europe |
3.25 % |
- |
| Asia |
-1.89 % |
- |
| Other |
10.75 % |
- |
| Inter-eliminations |
- |
- |
| Turbos Thermal Technologies segments |
-2.08 % |
- |
| Drivetrain Morse Systems segments |
0.5 % |
- |
| PowerDrive Systems segments |
-10.57 % |
- |
| Battery Charging Systems segments |
33.52 % |
- |
| Customers |
-0.79 % |
- |
| segments |
-0.79 % |
- |
| Turbos Thermal Technologies Customers |
-2.03 % |
- |
| Drivetrain Morse Systems Customers |
0.38 % |
- |
| PowerDrive Systems Customers |
-9.23 % |
- |
| Battery Charging Systems Customers |
33.52 % |
- |
| North America Turbos Thermal Technologies Customers |
-6.34 % |
- |
| North America Drivetrain Morse Systems Customers |
-1.47 % |
- |
| North America PowerDrive Systems Customers |
-32.31 % |
- |
| North America Battery Charging Systems Customers |
48.51 % |
- |
| Europe Turbos Thermal Technologies Customers |
-2.81 % |
- |
| Europe Drivetrain Morse Systems Customers |
-2 % |
- |
| Europe PowerDrive Systems Customers |
47.31 % |
- |
| Europe Battery Charging Systems Customers |
26.04 % |
- |
| Asia Turbos Thermal Technologies Customers |
4.32 % |
- |
| Asia Drivetrain Morse Systems Customers |
3.35 % |
- |
| Asia PowerDrive Systems Customers |
-17.19 % |
- |
| Asia Battery Charging Systems Customers |
-15 % |
- |
| Other Turbos Thermal Technologies Customers |
2.97 % |
- |
| Other Battery Charging Systems Customers |
262.5 % |
- |
| Turbos Thermal Technologies Inter-segment |
-60 % |
- |
| Drivetrain Morse Systems Inter-segment |
116.67 % |
- |
| PowerDrive Systems Inter-segment |
-54.69 % |
- |
| Inter-eliminations Inter-segment |
- |
- |
| United States |
-4.03 % |
- |
| Germany |
0.66 % |
- |
| Poland |
3.48 % |
- |
| Hungary |
-9.29 % |
- |
| Other Europe |
14.35 % |
- |
| China |
-4.54 % |
- |
| Mexico |
-6.54 % |
- |
| South Korea |
1.55 % |
- |
| Other foreign |
5.79 % |
- |
| Other PowerDrive Systems Customers |
- |
- |
|
|
