Similar companies
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 7.2B | 0.2% |
Gross Profit | 685M | 6.4% |
Cost of Revenue | 3.3B | 0.5% |
Operating expense | 572M | 3.6% |
Net Income | 303M | 47.1% |
EBITDA | 306M | 2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 14.1B | 0.1% |
Total Liabilities | 7.82B | 3.2% |
Total Equity | 6.09B | 4.3% |
Shares Outstanding | 226M | 0.7% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 317M | 27.8% |
Cash from investing | -138M | 21.1% |
Cash from financing | -59M | 67.8% |
EPS
Financial Highlights for BorgWarner in Q2 '24
BorgWarner reported a revenue of 7.2B, which is a 0.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 685M, marking a 6.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.3B, a -0.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 572M, showing a 3.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 303M, showing a 47.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 306M, showing a 2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for BorgWarner with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.