BorgWarner Inc (0HOU.L) Q4 2024 Earnings Report

BorgWarner reported Q4 2024 revenue of $3.439 billion, broadly flat year over year (~-2.36% YoY) and down slightly vs. the prior quarter (-0.29% QoQ). The quarter featured a notable deterioration in profitability: gross profit of $683 million yielded a margin of ~19.86%, but the company posted an operating loss of $316 million and a net loss of $405 million, or per-share -$1.85. The negative earnings were driven by elevated operating expenses and one-off or non-cash items; EBITDA was negative at $-107 million, producing an EBITDA margin of approximately -3.11%. These dynamics translated into a negative net income margin of -11.77% for the quarter.