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January 16, 2014
07:00 EDTTENTenneco announces share repurchase program
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February 9, 2016
08:08 EDTTENTenneco sees FY17 revenue growth 6%-8%, FY18 revenue growth 7%-9%
In 2017 and 2018, Tenneco expects annual revenue growth of 6% to 8%, and 7% to 9% respectively, outpacing production by 3% to 5% each year as new light vehicle emissions regulations begin to phase-in in North America and Europe. These estimates also exclude the impact of currency. "We expect solid revenue growth of 5% in 2016 based on what we see in the markets today and accelerating revenue growth in 2017 and 2018 as new light vehicle emissions regulations begin to take effect in North America and Europe. With these revenue estimates, we expect to continue outpacing industry production in our end markets, all driven by emissions regulations, and growing demand for Tenneco's advanced Ride Performance technologies and aftermarket products," said Sherrill. "We also expect continued margin improvement and remain very focused on generating cash for growth investments, balance sheet strength and returns to our shareholders."
08:07 EDTTENTenneco backs FY16 revenue growth view 5%, consensus $8.55B
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08:05 EDTTENTenneco sees Q1 revenue growth 5%, consensus $2.08B
Figure to outpace industry production growth of 2%, the company said. The revenue increase will be driven by higher light vehicle volumes and the ramp up of recently launched programs, additional content on commercial truck and off-highway programs to meet emissions regulations, and year-over-year growth in the aftermarket. The company anticipates a currency headwind in the first quarter of approximately 2% based on current exchange rates. Aggregate industry production growth of 2% in the quarter includes global light vehicle production growth of 2%, and combined commercial truck and off-highway equipment production flat compared with a year ago.
08:03 EDTTENTenneco reports Q4 adjusted EPS $1.39, consensus $1.14
Reports Q4 revenue $2.031B, consensus $2.03B. Excluding a negative currency impact of $142M, total revenue in the fourth quarter increased 8% to $2.173B.
February 8, 2016
06:53 EDTTENTenneco supplies emission control system on Lexus RX platform
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