BorgWarner Reports Strong Profit Growth in Q2 Earnings Data

BorgWarner Inc. [BWA] reported a strong performance in the second quarter of 2024, ending June 30th. The company disclosed a net profit of $315 million for the quarter, marking a significant increase from the previous quarter.

The company, headquartered in Auburn Hills, Michigan, reported to SEC in an 8-K filing $1.39 earnings per share in the quarter, compared to $0.97 in the previous quarter.

BorgWarner Inc., a key player in the automotive sector, reported revenue of $3,603 million. This figure represents a slight decrease compared to the company's revenue in the previous quarter.

In comparison to the same quarter in the previous year, BorgWarner Inc. observed a decrease in revenue, indicating a challenging market environment. Additionally, the company experienced a significant percentage increase in profit for the current quarter when compared to the same quarter in the previous year.