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Tenneco Inc (TEN.N)

TEN.N on New York Stock Exchange

56.24USD
17 Nov 2017
Change (% chg)

$0.54 (+0.97%)
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Latest Key Developments (Source: Significant Developments)

Tenneco Q3 adjusted earnings per share $1.67
Friday, 27 Oct 2017 08:00am EDT 

Oct 27 (Reuters) - Tenneco Inc :Tenneco reports third quarter 2017 results.Q3 earnings per share $1.45.Q3 revenue $2.3 billion versus i/b/e/s view $2.23 billion.Q3 adjusted earnings per share $1.67.Sees q4 revenue up about 7 percent.Q3 earnings per share view $1.59 -- Thomson Reuters I/B/E/S.Tenneco inc- ‍on a constant currency basis, total revenue increased 6% to $2.223 billion in quarter​.tenneco-‍in q4, co sees y-o-y revenue growth about 7%, or 3% in constant currency, outpacing estimated light vehicle industry production growth of 1%​.Tenneco inc - ‍for fy, co sees revenue growth of about 7%, in constant currency 6%, outpacing estimated light vehicle industry production growth of 2%​.  Full Article

U.S. Concrete hires John Kunz as CFO
Friday, 8 Sep 2017 06:00am EDT 

Sept 8 (Reuters) - U.S. Concrete Inc :U.S. Concrete hires John E Kunz as chief financial officer.U.S. Concrete Inc- Kunz was most recently vice president, corporate controller and principal accounting officer of Tenneco Inc.  Full Article

Tenneco reports Q2 loss per share $0.03
Friday, 28 Jul 2017 06:00am EDT 

July 28 (Reuters) - Tenneco Inc -:Tenneco Inc - company raises full-year revenue outlook.Tenneco reports second quarter 2017 results.Q2 loss per share $0.03.Q2 revenue $2.317 billion versus i/b/e/s view $2.27 billion.Q2 earnings per share view $1.80 -- Thomson Reuters I/B/E/S.Tenneco inc - on a constant currency basis, total q2 revenue increased 6%.Tenneco Inc - company now expects year-over-year revenue growth of 6% for 2017.Tenneco Inc - expects second-half 2017 value add adjusted ebit margins to be in line with prior year second half.Tenneco Inc - in Q3, tenneco expects year-over-year revenue growth of approximately 7% on a constant currency basis.Tenneco Inc - sees q3 strong double digit growth in commercial truck and off-highway revenue.Fy2017 revenue view $8.96 billion -- Thomson Reuters I/B/E/S.  Full Article

Tenneco sets quarterly cash dividend of $0.25 per share
Wednesday, 12 Jul 2017 04:50pm EDT 

July 12 (Reuters) - Tenneco Inc :Sets quarterly cash dividend of $0.25per share.  Full Article

Tenneco will establish reserve of $132 mln in its Q2 2017 financial results for settlement costs​
Friday, 7 Jul 2017 04:24pm EDT 

July 7 (Reuters) - Tenneco Inc ::Tenneco inc - ‍tenneco will establish a reserve of $132 million in its Q2 2017 financial results for settlement costs​.Tenneco Inc says Tenneco expects to obtain final leniency from doj in near future - sec filing.Tenneco - continues to take actions to minimize exposure to matters pertaining to antitrust investigation, including engaging in settlement discussions.  Full Article

Tenneco determined to undertake restructuring initiative, close its clean air manufacturing plant in O'sullivan beach, Australia
Thursday, 6 Jul 2017 04:07pm EDT 

July 6 (Reuters) - Tenneco Inc ::Tenneco says on June 29, determined to undertake a restructuring initiative and close its clean air manufacturing plant in o'Sullivan beach, Australia.Tenneco inc - initiative may include additional restructuring actions with respect to company's local original equipment ride performance operations.Tenneco inc - all such restructuring activities related to initiative are expected to be completed by q1 of 2018.Tenneco inc - company expects to record total charges related to initiative of approximately $12 million in q2 of 2017 and up to $8 million in q3 of 2017.To close plant when general motors and toyota end vehicle production in Australia, which is expected to occur in October 2017.Tenneco inc - charges comprise approximately $18 million of cash expenditures and $2 million of non-cash asset impairments.  Full Article

Tenneco amends and restates its senior credit facility
Monday, 15 May 2017 06:45am EDT 

May 15 (Reuters) - Tenneco Inc :Tenneco amends and restates its senior credit facility.New senior credit facility consists of a $1.6 billion revolving credit facility and a $400 million term loan a facility.Tenneco - proceeds from new term loan a and revolving credit facilities will be used to refinance loans outstanding under prior senior credit facility.Tenneco Inc - expects to incur total fees and expenses of approximately $9 million in connection with amendment and restatement.Tenneco Inc - entered into amendment and restatement to refinance existing $1.464 billion senior credit facility with new $2.0 billion senior credit facility.Revolving credit facility and term loan a facility will each mature on May 12, 2022.Tenneco Inc - in addition, co expects to record about $1 million in non-recurring pre-tax charges related to refinancing senior credit facility in Q2 2017.  Full Article

Tenneco reports Q1 earnings per share $1.16
Monday, 1 May 2017 08:00am EDT 

May 1 (Reuters) - Tenneco Inc -:Tenneco reports first quarter 2017 results.Q1 earnings per share $1.16.Q1 adjusted earnings per share $1.53.Sees fy 2017 revenue up 5 percent.Tenneco inc- in q2, tenneco expects year-over-year revenue growth of approximately 5% on a constant currency basis.Tenneco inc- reaffirms its full-year revenue growth outlook announced in january.Tenneco inc- on a constant currency basis, company expects year-over-year revenue growth of 5% for full year 2017.Tenneco inc- also expects annual margin improvement in 2017.Qtrly total revenue in q1 was $2.292 billion, up 7% year-over-year.Q1 earnings per share view $1.43, revenue view $2.24 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $6.46, revenue view $8.89 billion -- Thomson Reuters I/B/E/S.Q2 revenue view $2.26 billion -- Thomson Reuters I/B/E/S.  Full Article

Tenneco receives notification from European Commission it closed global antitrust inquiry
Friday, 28 Apr 2017 08:35am EDT 

April 28 (Reuters) - Tenneco Inc :Received notification from European Commission it closed global antitrust inquiry regarding production, assembly, supply of complete exhaust systems.No charges against Tenneco or any other competitor were initiated at any time and European Comission inquiry is now closed.  Full Article

Tenneco reports Q4 EPS of $0.73
Tuesday, 7 Feb 2017 07:30am EST 

Tenneco Inc : Tenneco reports fourth quarter and full-year 2016 results . Q4 earnings per share $0.73 . Q4 revenue $2.155 billion versus I/B/E/S view $2.09 billion . Q4 earnings per share view $1.44 -- Thomson Reuters I/B/E/S . Sees FY 2017 revenue up 5 percent . Sees Q1 2017 revenue up 7 percent . Says expects total revenue growth of 7 pct in Q1 2017 . Tenneco says expects to better industry with 4 pct organic growth, driven by incremental content to meet tier 3 and euro 6 emissions regulations . Says anticipates a currency headwind in Q1 of approximately 2 pct based on current exchange rates . Company expects FY 2017 total revenue growth to outpace light vehicle industry production by 4 percentage points, resulting in 5 pct growth in 2017 . In 2018 and 2019, Tenneco expects continued revenue growth, outpacing industry production by 3 to 5 percentage points each year . Sees 2017 capital expenditures between $360 million and $390 million . Company's FY 2017 revenue growth estimate assumes light vehicle industry production growth of 1 pct . For Q1 2017, co "expects a slight increase in commercial truck and off-highway revenues" .Qtrly adjusted earnings per share $1.67.  Full Article

BRIEF-Tenneco Q3 adjusted earnings per share $1.67

* Q3 earnings per share view $1.59 -- Thomson Reuters I/B/E/S