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July 03, 2015 6:24 PM 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: 58
Total Annual Compensation: $543.8K
Chief Financial Officer, Executive Vice President, Treasurer and Secretary
Age: 55
Total Annual Compensation: $505.3K
Executive Vice President of Operations & Quality
Age: 64
Total Annual Compensation: $401.0K
Chief Business Development & Restructuring Officer
Age: 49
Total Annual Compensation: $333.3K
Compensation as of Fiscal Year 2014.

Tecumseh Products Company Key Developments

Tecumseh Products Company Reports Earnings Results for the First Quarter Ended March 31, 2015

Tecumseh Products Company reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating loss of $2.1 million and a net loss of $3.2 million, or a net loss of $0.17 per share, on net sales of $159.3 million compared to operating loss of $5.8 million and a net loss of $11.1 million, or $0.60 per share, on net sales of $179.3 million for the first quarter of 2014. Loss from continuing operations was $3.0 million or a loss from continuing operations of $0.16 per share as compared to a loss from continuing operations of $7.8 million, or $0.42 per share for first quarter of 2014. This change was primarily related to favorable impact of currency exchange rates, partially offset by lower sales and lower other income for the first quarter of 2015, compared to the same period of 2014. Cash used in operating activities was $21.3 million compared to $19.2 million of cash used in the first three months of 2014. EBITDA from continuing operations was $2.9 million against $0.6 million a year ago. EBITDAR from continuing operations was $4.4 million against $4.7 million a year ago.

Tecumseh Products Company, Q1 2015 Earnings Call, May 06, 2015

Tecumseh Products Company, Q1 2015 Earnings Call, May 06, 2015

Tecumseh Products Company to Report Q1, 2015 Results on May 05, 2015

Tecumseh Products Company announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 05, 2015

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