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Last $59.16 USD
Change Today -0.05 / -0.08%
Volume 802.1K
TEN On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

tenneco inc (TEN) Snapshot

Open
$59.50
Previous Close
$59.21
Day High
$59.50
Day Low
$58.73
52 Week High
07/24/14 - $69.22
52 Week Low
10/15/14 - $46.64
Market Cap
3.6B
Average Volume 10 Days
879.2K
EPS TTM
$4.44
Shares Outstanding
61.4M
EX-Date
01/10/01
P/E TM
13.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for TENNECO INC (TEN)

tenneco inc (TEN) Related Businessweek News

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tenneco inc (TEN) Details

Tenneco Inc. designs, manufactures, and sells clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide. The company offers various vehicle emission control products and systems, including catalytic converters and diesel oxidation catalysts to reduce harmful gaseous emissions; diesel particulate filters; burner systems to combust fuel and air inside the exhaust system; hydrocarbon vaporizers and injectors to add fuel to a diesel exhaust system; and lean nitrogen oxide (NOx) traps, selective catalytic reduction systems, and alternative NOx reduction technologies to reduce NOx emissions. It also provides mufflers and resonators to offer noise elimination and acoustic tuning; exhaust manifolds to collect gases from individual cylinders of a vehicle’s engine; pipes to connect various parts of an exhaust system; hydroformed assemblies; hangers and isolators for system installation, elimination of noise and vibration, and enhancement of useful life; and aftertreatment control units. In addition, the company provides ride performance products and systems, such as shock absorbers; struts; vibration control components; Kinetic suspension technology, a suite of roll-control and nearly equal wheel-loading systems; advanced suspension systems; Kinetic H2/CVSA semi active suspension systems; and other ride performance products comprising load assist products, springs, steering stabilizers, adjustable suspension systems, suspension kits, and modular assemblies. It sells its products to original equipment vehicle designers and manufacturers, repair and replacement markets, and aftermarket under the Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, Fric-Rot, Walker, XNOx, Fonos, DynoMax, and Thrush brands. The company was formerly known as Tenneco Automotive Inc. and changed its name to Tenneco Inc. in 2005. Tenneco Inc. was founded in 1987 and is based in Lake Forest, Illinois.

29,000 Employees
Last Reported Date: 04/27/15
Founded in 1987

tenneco inc (TEN) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $1.6M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $763.8K
Executive Vice President of Clean Air Divisio...
Total Annual Compensation: $733.5K
Executive Vice President of Technology, Strat...
Total Annual Compensation: $579.2K
Compensation as of Fiscal Year 2014.

tenneco inc (TEN) Key Developments

Tenneco Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended Mar. 31, 2015; Provides Financial Guidance for the Second Quarter of Fiscal 2015; Reaffirms Revenue Guidance for Fiscal 2015

Tenneco Inc. reported unaudited consolidated financial results for the first quarter ended Mar. 31, 2015. The company reported first quarter net income attributable to the company of $49 million, or 80 cents per diluted share, compared with $46 million, or 75 cents per diluted share, in first quarter 2014. Excluding expenses for restructuring and tax adjustments, net income was $54 million, or 88 cents per diluted share, versus $56 million, or 91 cents per diluted share a year ago. Tenneco reported quarterly revenue of $2.023 billion. Excluding a negative currency impact of $160 million, revenue in the quarter was up 4% to $2.183 billion, driven by growth in both the Clean Air and Ride Performance businesses, with OE light vehicle revenue improving 5%, commercial truck and off-highway revenue up 1%, and aftermarket revenue increasing 4% versus last year. First quarter EBIT (earnings before interest, taxes and non-controlling interests) rose 6% to $120 million, versus $113 million last year. Adjusted EBIT for the first quarter rose to $125 million. The year-over-year EBIT comparison includes $8 million in unfavorable currency. Net sales and operating revenues were $2,023,000 against $2,094,000 for the same period of last year. Earnings before income taxes and non-controlling interests was $104,000 against $94,000 for the same period of last year. Net cash used by operating activities was $50,000 against $140,000 for the same period of last year. Cash payments for plant, property & equipment was $77,000 against $83,000 for the same period of last year. Cash payments for software-related intangible assets was $5,000 against $7,000 for the same period of last year. Tenneco expects growth will continue to be driven by well-established structural growth drivers which include: Increasing global light vehicle industry production; Emissions regulations which require new content to meet more stringent requirements; Increased demand for MONROE Intelligent Suspension technologies; The growing global car parc, which the company serves with aftermarket brands. In the second quarter, global light vehicle industry production is expected to increase 3% in the regions where Tenneco operates. The company is well-positioned to leverage higher light vehicle volumes with its strong platform position with leading global OEMs. Tenneco also expects continued regulatory-driven, incremental content growth on commercial truck and off-highway programs to meet global emissions requirements, and a solid contribution from its global aftermarket business. Excluding currency, Tenneco anticipates total revenue growth of about 5% in the second quarter. Based on current exchange rates, the company anticipates a currency headwind in the second quarter of approximately 9%. The company also reaffirms its full-year 2015 revenue guidance for total revenue growth of 5% to 8%, excluding currency.

Tenneco Inc. Reaffirms Earnings Guidance for the First Quarter of 2015; Reaffirms Tax Rate Guidance for 2015

Tenneco Inc. reaffirmed earnings guidance for the first quarter of 2015. The company is re-affirming its positive revenue growth in the first quarter, excluding currency, and providing additional financial information. The company is confirming that it expects first quarter total revenue, excluding the impact of currency, to increase about 4% versus first quarter 2014. Tenneco is expecting that its tax rate in the first quarter will be similar to the rate in first quarter 2014, which is higher than the company's full-year guidance. However, the company still expects a 2015 full-year tax rate between 33% and 36%.

Tenneco Inc. to Supply New Ford Focus and Ford C-MAX with High Performance Suspension Technology

Tenneco Inc. announced that Ford has chosen Tenneco’s high-performance damper technology for its new Ford Focus and Ford C-MAX, both of which are built on Ford’s C-Car global platform. According to Ford, these latest launches introduce a number of advanced new technologies focused on enhanced comfort, safety and ride quality. Tenneco’s Multi-Tuned Valve (MTV) is a cost-effective twin tube valve system that provides a wide range of tuning options. MTV offers improved shock absorber performance and durability compared to conventional valves, and enables the optimum balance between body control and driver comfort. Tenneco’s MTV technology complements Ford’s Enhanced Transitional Stability system which debuts on the new Ford Focus.

 

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TEN

Industry Average

Valuation TEN Industry Range
Price/Earnings 16.0x
Price/Sales 0.4x
Price/Book 7.6x
Price/Cash Flow 8.4x
TEV/Sales 0.2x
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