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March 31, 2015 1:33 AM ET

Machinery

Company Overview of Tecumseh Products Company

Company Overview

Tecumseh Products Company manufactures and sells hermetically sealed compressors. It offers air conditioning and refrigeration compressors, as well as condensing units, heat pumps, and refrigeration systems. The company’s products are used in commercial refrigeration applications, including walk-in coolers and freezers, ice makers, dehumidifiers, water coolers, food service equipment and refrigerated display cases, and vending machines; household refrigerators and freezers; and residential and specialty air conditioning and heat pumps comprising window air conditioners, packaged terminal air conditioners, and recreational vehicle and mobile air conditioners. It also produces variable speed c...

5683 Hines Drive

Ann Arbor, MI 48108

United States

Founded in 1930

5,200 Employees

Phone:

734-585-9500

Fax:

734-352-3700

Key Executives for Tecumseh Products Company

Chief Executive Officer, President and Director
Age: 57
Total Annual Compensation: $543.8K
Chief Financial Officer, Executive Vice President, Treasurer and Secretary
Age: 54
Total Annual Compensation: $505.3K
Executive Vice President of Operations & Quality
Age: 63
Total Annual Compensation: $401.0K
Chief Business Development & Restructuring Officer
Age: 48
Total Annual Compensation: $333.3K
Compensation as of Fiscal Year 2014.

Tecumseh Products Company Key Developments

Tecumseh Products Company Reports Earnings Results for the Full Year Ended December 31, 2014

Tecumseh Products Company reported earnings results for the full year ended December 31, 2014. For the year, the company reported an operating loss of $21.0 million and a net loss of $32.7 million, or a net loss per share of $1.77, on net sales of $724.4 million for the year ended December 31, 2014. This compares with an operating loss of $19.0 million and a net loss of $37.5 million, or $2.03 per share, on net sales of $823.6 million for 2013. Net sales decreased by $99.2 million, or 12.0%, compared with the same period of 2013. Excluding the decrease in sales due to the effect of unfavorable changes in foreign currency translation of $17.9 million, net sales decreased by 9.9% compared to 2013, primarily due to lower net volume and mix, partially offset by net price increases. Loss from continuing operations for the year ended December 31, 2014 was $28.3 million, or a loss from continuing operations per share of $1.53, as compared to a loss from continuing operations of $34.4 million, or $1.86 per share for the year ended December 31, 2013. This change was primarily related to lower gross profit and lower other income, partially offset by lower impairments, restructuring charges, and other items and lower S&A expenses in 2014, as compared to 2013. Cash provided by operating activities was $7.2 million in 2014, as compared to $11.6 million in 2013. EBITDA from continuing operations were of $4.0 million compared to $14.5 million a year ago. EBITDAR from continuing operations were of $12.8 million compared to $28.1 million a year ago.

Tecumseh Products Company to Report Q4, 2014 Results on Mar 05, 2015

Tecumseh Products Company announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 05, 2015

Tecumseh Products Company, Q4 2014 Earnings Call, Mar 05, 2015

Tecumseh Products Company, Q4 2014 Earnings Call, Mar 05, 2015

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