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NYA:TEN, Mar 18, 04:52 UTC

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Friday, March 15


News

Tenneco (TEN) Q4 Earnings Miss, Revenues Meet Estimates

TEN

Tenneco Inc. Price, Consensus and EPS Surprise | Tenneco Inc. Quote. Segmental ResultsThe Clean Air division’s fourth-quarter revenues were $1.7 billion compared with the year-earlier figure of $1.6 billion.Revenues in the Ride Performance division were $469 million compared with $480 million recorded in the year-ago quarter.The Aftermarket division’s revenues were $268 million, down from $282 million generated in fourth-quarter 2017.Financial PositionTenneco had cash and cash equivalents of $697 million as of Dec 31, 2018, up from $315 million as of Dec 31, 2017. On a pro forma basis, it expects revenue growth rate to be 4-5% in constant dollars.Zacks Rank and Stocks to ConsiderTenneco currently carries a Zacks Rank #3 (Hold).A few better-ranked stocks in the auto space are Ferrari N.V. RACE, Oshkosh Corp. OSK and General Motors Company GM. While Ferrari currently sports a Zacks Rank #1 (Strong Buy), Oshkosh and General Motors carry a Zacks Rank #2 (Buy). Over the past three months, shares of the company have risen 9.7%.Is Your Investment Advisor Fumbling Your Financial Future?See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”Click to get it free >>.

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Thursday, March 14


News

Here's Why Tenneco Stock Fell 15% on Thursday

TEN

Lou Whiteman, The Motley FoolMotley FoolMarch 14, 2019, 9:36 PM GMT. What happened. Shares of Tenneco(NYSE: TEN) fell 15.3% on Thursday after the auto parts manufacturer reported fourth-quarter results that fell short of Wall Street expectations and it offered tepid margin guidance for 2019. So what. On its call with investors, the company also said that during a post-merger integration, it identified what it called a "historical error in the capitalization of expenditures in inventory," but said there was no material impact from that error. It's now planning to split the combined business into two publicly traded entities, one focused on powertrains and the other on aftermarket parts, shock absorbers, suspension systems, and brake parts.

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News

Tenneco Inc (TEN) Q4 2018 Earnings Conference Call Transcript

TEN

The wipers product category represented a very small portion of our portfolio, and the sale of this business will help strengthen our focus on our core product offerings related to chassis and suspension systems, and engine and powertrain aftermarket. Turning to Page 5, we're walking our fourth quarter revenue to the $4.3 billion, which is consistent with our previous expectations. We continued to benefit from hybrid powertrain growth as we launched six hybrid programs in the quarter for a total of nine hybrid launches in 2018. Aftermarket continues to win new business and expand product coverage. Some fourth quarter highlights include: We continue to expand our product portfolio and coverage reach in North America and have launched more than 800 new SKUs year to date; In China, we had a 12 new customers and expanded coverage with 70 new SKUs introduced in the quarter; For the full year, we've added a total of 74 new customers, introduced 390 new SKUs and increased our product coverage to about 74% year-to-date.

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Tuesday, March 12


News

Tenneco Fourth Quarter and Full Year 2018 Earnings Release and Conference Call Notice

TEN

Tenneco Inc. (TEN), will report its fourth quarter and full year 2018 financial results before the market opens on Thursday, March 14, 2019 and host a webcast conference call the same day at 9:00 a.m. Presentation materials will be available in the investor section of our website. Headquartered in Lake Forest, Illinois, Tenneco is one of the world’s leading designers, manufacturers and marketers of Aftermarket, Ride Performance, Clean Air and Powertrain products and technology solutions for diversified markets, including light vehicle, commercial truck, off-highway, industrial and the aftermarket, with 2018 revenues of $11.8 billion and approximately 81,000 employees worldwide. These forward-looking statements relate to our plans to separate into two independent public companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the possibility that Tenneco may not complete the spin-off of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a spin-off); the possibility that the acquisition of Federal-Mogul or the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the acquisition of Federal-Mogul or the separation, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the acquisition of Federal-Mogul or the separation may not advance Tenneco’s business strategy; the risk that Tenneco may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management’s attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco’s periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC.

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Monday, March 04


News

Global Commercial Vehicle Tailpipe Market 2019 - Tajco Group, AMG, Breitinger, SANGO, Tenneco, Faurecia - Be Internet News

TEN

Market Research Explore recently published the Global Commercial Vehicle Tailpipe Market Research Report 2019 to provide expansive delineation of the global Commercial Vehicle Tailpipe industry grounded on a provincial and international level. The study gyrates around considerable market facets that lead to influence the financial structure, overall performance, and growth rate of the global Commercial Vehicle Tailpipe market. The report presents explicit market segmentation analysis that helps to determine the demand for the Commercial Vehicle Tailpipe , concentrate on specific demands with the target audience, and develop a precise business strategy to approach the market with more agility. Competitive analysis of the global Commercial Vehicle Tailpipe market enables company officials, decision makers, investors, and researchers to obtain an understanding of competitor’s business operations, core values, targets, missions, strengths, and weaknesses.

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Monday, February 25


News

Global Petrol Vehicle Tailpipe Market 2019 Revenue – Tenneco, Faurecia, Tajco Group, AMG, Breitinger – Honest Businessman

TEN

Global Petrol Vehicle Tailpipe Market 2019 Revenue – Tenneco, Faurecia, Tajco Group, AMG, Breitinger – Honest Businessman. Global Petrol Vehicle Tailpipe Market 2019-2024, Status and Forecast, by Players, Types and Applications recently published by Market Research Place provides key information about the industry, current situation and upcoming market condition, expert opinions, and the latest developments across the globe. This study report serves key measures to industries/clients to give them knowledge about the current global competitive market status. Study years considered to analyze the market size of Global Petrol Vehicle Tailpipe Market 2019-2024 are – History Year: 2013-2019’, ‘Base Year: 2018’, ‘Estimated Year: 2019’, ‘Forecast Year 2019 to 2024’.

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Friday, February 22


News

Tenneco Announces Preliminary Fourth Quarter and Full-Year 2018 Revenue

TEN

Revenue estimates and other forecasted information in this release are based on OE manufacturers’ programs that have been formally awarded to the company; programs where Tenneco is highly confident that it will be awarded business based on informal customer indications consistent with past practices; and Tenneco’s status as supplier for the existing program and its relationship with the customer.This information is also based on anticipated vehicle production levels and pricing, including precious metals pricing and the impact of material cost changes. Unless otherwise indicated, our methodology does not attempt to forecast currency fluctuations, and accordingly, reflects constant currency. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements include the final results of the Company’s evaluation of the accounting issues described herein.In addition, investors should consider the risk factors and uncertainties detailed from time to time in the company's SEC filings, including but not limited to its annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the quarter ended September 30, 2018. (2) Tenneco presents the above reconciliation of revenues in order to reflect value-add revenues separately from the effects of doing business in currencies other than the U.S. dollar. Substrate sales occur when, at the direction of its OE customers, Tenneco purchases catalytic converters or components thereof from suppliers, uses them in its manufacturing processes and sells them as part of the completed system. While Tenneco original equipment customers assume the risk of this volatility, it impacts reported revenue.

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Friday, February 15


News

Tenneco Inc. Class A Voting (TEN) Moves Higher on Volume Spike for February 15

TEN

Tenneco Inc. Class A Voting is a Tenneco's emissions-control products meet strict air-quality legislation, optimize engine performance, improve fuel economy, and acoustically tune engine sound to fit a vehicle's profile. Tenneco Inc. Class A Voting (TEN) traded on unusually high volume on Feb. 15, as the stock gained 6.03% to close at $36.25. Considering that the stock averages only a daily volume of 477,634 shares a day over the last month, this represents a pretty significant bump in volume over the norm. Headquartered in Lake Forest, IL, Tenneco Inc. Class A Voting has 32,000 employees and is currently under the leadership of CEO Brian J. Kesseler. For a complete fundamental analysis analysis of Tenneco Inc. Class A Voting, check out Equities.com’s Stock Valuation Analysis report for TEN.

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Thursday, February 07


News

Tenneco Announces New Appointment to Its Board of Directors

TEN

“We are very pleased to welcome Denise, a true leader in business, to our board,” said Gregg M. Sherrill, chairman of the board of directors. “Denise is not only a highly successful and respected executive, she is a true innovator in automotive technology, having led global technical organizations that have transformed the industry. Following the separation, the powertrain technology company will be one of the world’s largest pure-play powertrain companies serving OE markets worldwide with engineered solutions addressing fuel economy, power output, and criteria pollution requirements for gasoline, diesel and electrified powertrains. These forward-looking statements relate to our plans to separate into two independent public companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the possibility that Tenneco may not complete the spin-off of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a spin-off); the possibility that the acquisition of Federal-Mogul or the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the acquisition of Federal-Mogul or the separation, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the acquisition of Federal-Mogul or the separation may not advance Tenneco’s business strategy; the risk that Tenneco may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management’s attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco’s periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC.

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Wednesday, February 06


News

Tenneco Announces Quarterly Dividend

TEN

Tenneco Inc. (TEN) announced today that its Board of Directors (“Board”) has declared a quarterly cash dividend of $0.25 per share on its Class A Voting Common Stock and its Class B Non-Voting Common Stock. The dividend will be payable on March 21, 2019 to shareholders of record as of March 5, 2019. Additionally, the company expects to separate its businesses to form two new, independent companies, an Aftermarket and Ride Performance company as well as a new Powertrain Technology company, in the second half of 2019. These forward-looking statements relate to our plans to separate into two independent public companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the possibility that Tenneco may not complete the spin-off of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a spin-off); the possibility that the acquisition of Federal-Mogul or the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the acquisition of Federal-Mogul or the separation, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the acquisition of Federal-Mogul or the separation may not advance Tenneco’s business strategy; the risk that Tenneco may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management’s attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco’s periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC.

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