BorgWarner第三季度净销售额34.9亿美元同比降2.9%：调整后每股收益1.39美元增12.1%，新获9项业务订单
总部位于 Michigan 州 Auburn Hills 的汽车零部件供应商 BorgWarner（博格华纳，纽约证券交易所代码 BWA）10月29日公布2026年第三季度业绩：净销售额34.87亿美元，同比下降约2.9%，主因是市场产量下降与电池储能系统分部销售额减少；剔除汇率影响后，有机净销售额下降3.1%。
利润方面，公司当季净利2.21亿美元，上年同期为1.58亿美元；稀释每股收益1.08美元，同比增长47.9%。剔除每股0.31美元的不可比项目净损失后，调整后每股收益1.39美元，同比增长12.1%，公司称主要得益于全年有效税率下降以及2025年与2026年股票回购带来的股数减少。GAAP 营业利润3.02亿美元、利润率8.7%，同比提升180个基点；调整后营业利润3.81亿美元、利润率10.9%。
现金流与资本动作方面，公司当季经营活动现金流3.20亿美元，自由现金流1.95亿美元；当季通过债务要约收购与强制赎回削减总债务8.64亿美元，回购约1.75亿美元股票，并向股东派发现金股息3,500万美元。
新业务方面，公司当季在全产品线新获9项订单，包括为一家全球整车厂新款内燃机皮卡平台供应发动机控制模块（2029年投产）、三项面向南美与欧洲轻型汽油车平台的涡轮增压器订单，以及多项面向中国整车厂的电动机与高压逆变器订单（2026至2028年陆续投产）。公司还表示，面向数据中心与工业市场的产品准备继续推进，工业解决方案的报价活动已加速。
全年指引方面，公司把2026年净销售额指引区间由140亿至143亿美元收窄至140亿至142亿美元；调整后每股收益指引由5.05至5.30美元上调至5.20至5.35美元；全年经营现金流预计16亿至17亿美元，自由现金流预计9亿至11亿美元，与此前指引一致。公司预计其加权轻型车市场全年将下降1%至2%。
BorgWarner Q3 Net Sales Fall 2.9% to $3.49 Billion: Adjusted EPS Rises 12.1% to $1.39, Nine New Business Awards Secured
BorgWarner Inc. (NYSE: BWA), the Auburn Hills, Michigan-based automotive supplier, reported third-quarter 2026 results on October 29: net sales were $3.487 billion, down about 2.9% year over year, driven mainly by declining market production volumes and lower Battery Energy Systems segment sales. Excluding foreign currencies, organic net sales fell 3.1%.
Net earnings rose to $221 million from $158 million a year earlier, and diluted earnings per share rose 47.9% to $1.08. Excluding $0.31 per share of net losses from non-comparable items, adjusted net earnings per diluted share were $1.39, up 12.1%, helped by a lower full-year effective tax rate and a lower share count after repurchases in 2025 and 2026. U.S. GAAP operating income was $302 million, an 8.7% margin, up 180 basis points; adjusted operating income was $381 million, a 10.9% margin.
Operating cash flow was $320 million and free cash flow was $195 million in the quarter. The company reduced its gross debt balance by $864 million through a debt tender and make-whole redemption, repurchased about $175 million of its shares and paid a $35 million cash dividend.
The company secured nine new business awards across its portfolio, including an engine control module award for a global automaker's new internal combustion pickup platform starting production in 2029, three turbocharger awards for light-vehicle gasoline platforms in South America and Europe, and several eMotor and high-voltage inverter awards with automakers in China for production between 2026 and 2028. It also reported continued progress on product readiness for the data center and industrial markets and accelerated quoting activity for industrial solutions.
For the full year, BorgWarner narrowed its 2026 net sales guidance to $14.0 billion to $14.2 billion, raised adjusted EPS guidance to $5.20 to $5.35 from $5.05 to $5.30, and kept operating cash flow guidance of $1.6 billion to $1.7 billion and free cash flow guidance of $900 million to $1.1 billion. The company expects its weighted light-vehicle market to be down 1% to 2% for the year.
来源：GSM·美国（原文链接）
图片来源：图：汽车发动机涡轮增压器实物（资料图，藏于慕尼黑德意志博物馆，与 BorgWarner 本季新获涡轮增压器订单题材相关）。Tiia Monto 摄，CC BY 4.0，经 Wikimedia Commons。Photo: A car engine turbocharger (file photo, Deutsches Museum, Munich). Tiia Monto, CC BY 4.0, via Wikimedia Commons.
