Last €45.73 EUR
Change Today +1.00 / 2.24%
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tenneco inc (TNN) Snapshot

Open
€44.45
Previous Close
€44.73
Day High
€45.73
Day Low
€44.35
52 Week High
07/24/14 - €50.68
52 Week Low
10/15/14 - €36.61
Market Cap
2.8B
Average Volume 10 Days
7.7
EPS TTM
--
Shares Outstanding
61.1M
EX-Date
01/10/01
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TENNECO INC (TNN)

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tenneco inc (TNN) Details

Tenneco Inc. designs, manufactures, and sells clean air and ride performance products and systems for light vehicle, commercial truck, and off-highway and other vehicle applications worldwide. It provides emission control systems, such as 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; and lean nitrogen oxide (NOx) traps, selective catalytic reduction systems, and alternative NOx reduction technologies to reduce NOx emissions. The company also offers hydrocarbon vaporizers and injectors to add fuel to diesel exhaust system; mufflers and resonators to provide 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 improvement of useful life; and after treatment control units. In addition, it offers 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/CES semi-active suspension systems; and other ride performance products consisting of load assist products, springs, steering stabilizers, adjustable suspension systems, suspension kits, and modular assemblies. Tenneco Inc. sells its products to original equipment vehicle designers and manufacturers; and repair and replacement markets under the Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, Fric-Rot, Walker, XNOx, Fonos, DynoMax, Thrush, and Lukey 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 headquartered in Lake Forest, Illinois.

26,000 Employees
Last Reported Date: 02/28/14
Founded in 1987

tenneco inc (TNN) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $684.7K
Chief Operating Officer and Director
Total Annual Compensation: $916.3K
Executive Vice President of Clean Air Divisio...
Total Annual Compensation: $688.1K
Compensation as of Fiscal Year 2013.

tenneco inc (TNN) Key Developments

Tenneco Inc. Commences Tender Offer and Consent Solicitation for its 7 3/4 % Senior Notes Due 2018

Tenneco Inc. announced that it has commenced a cash tender offer for any and all of its outstanding $225 million 7 3/4% Senior Notes due 2018 and a solicitation of consents to certain proposed amendments to the indenture governing the notes. The proposed amendments would eliminate substantially all restrictive covenants and certain event of default provisions in the indenture and reduce the minimum notice period to call the notes from 30 to 5 days. The consent solicitation is scheduled to expire at 5:00 p.m., New York City time, on December 4, 2014 unless extended or earlier terminated. The tender offer is scheduled to expire at 12:01 a.m., New York City time, on December 19, 2014, unless extended or earlier terminated. Holders who validly tender their notes and provide their consents to the proposed amendments to the indenture governing the notes before 5:00 p.m., New York City time, on December 4, 2014, unless extended, will be eligible to receive $1,043.50 for each $1,000 principal amount of notes not validly withdrawn (which includes a consent payment of $30.00 per $1,000 principal amount of notes). During the consent solicitation period, holders may not tender their notes without delivering consents or deliver consents without tendering their notes. No consent payments will be made in respect of notes tendered after the expiration of the consent solicitation. Holders who validly tender their notes after the expiration of the consent solicitation and before 12:01 a.m., New York City time, on December 19, 2014, unless extended, will be eligible to receive $1,013.50 for each $1,000 principal amount of notes not validly withdrawn.

Tenneco Equips All-New Volvo XC90 First Edition with Monroe(R) Intelligent Suspension

Tenneco Inc. announced that the Volvo Car Group has chosen the latest generation of Tenneco's Continuously Variable Semi-Active suspension (CVSAe) as a standard feature on its limited run XC90 First Edition. CVSAe dampers enhance the comfort and handling of a vehicle's ride by continuously adjusting all four shock absorbers up to 100 times per second to changing road conditions and dynamic driving situations like cornering, lane changes, acceleration and braking. CVSAe dampers can be switched from standard to sport or comfort mode at any time according to driver preferences for a more comfortable, more dynamic or more sporty ride. CVSAe suspension will be available as an option on all XC90 models produced from now on as Tenneco continues to supply Volvo's new Scalable Product Architecture (SPA) modular chassis technology platform.

Tenneco Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Tax Rate Guidance for the Fourth Quarter of 2014 and Capital Investments Guidance for the Full Year 2014

Tenneco Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales and operating revenues of USD 2,081 million compared to USD 1,963 million a year ago. Earnings before interest expense, income taxes, and non-controlling interests were USD 140 million compared to USD 72 million a year ago. Earnings before income taxes and non-controlling interests were USD 120 million compared to USD 52 million a year ago. Net income was USD 89 million compared to USD 22 million a year ago. Net income attributable to the company was USD 78 million compared to USD 12 million a year ago. Diluted earnings per common stock were USD 1.27 compared to USD 0.19 a year ago. Net cash provided by operating activities were USD 115 million compared to USD 50 million a year ago. Cash payments for plant, property & equipment were USD 95 million compared to USD 54 million a year ago. Non-GAAP EBITDA was USD 204 million or USD 1.25 per share compared to USD 181 million or USD 0.99 per share a year ago. Third quarter EBIT was USD 140 million, compared to USD 72 million in third quarter 2013. Cash payments for software-related intangible assets were USD 3 million against USD 7 million a year ago. For the nine months, the company reported net sales and operating revenues of USD 6.416 million compared to USD 5.933 million a year ago. Earnings before interest expense, income taxes, and non-controlling interests were USD 409 million compared to USD 306 million a year ago. Earnings before income taxes and non-controlling interests were USD 351 million compared to USD 246 million a year ago. Net income was USD 234 million compared to USD 157 million a year ago. Net income attributable to the company was USD 205 million compared to USD 129 million a year ago. Diluted earnings per common stock were USD 3.33 compared to USD 2.09 a year ago. Net cash provided by operating activities were USD 89 million compared to USD 91 million a year ago. Cash payments for plant, property & equipment were USD 262 million compared to USD 178 million a year ago. Non-GAAP EBITDA was USD 596 million or USD 3.61 per share compared to USD 526 million or USD 2.82 per share a year ago. Cash payments for software-related intangible assets were USD 12 million against USD 19 million a year ago. For the fourth quarter, the company expecting effective tax rate before adjustments should be in the range of 35% to 37%, with the potential for a lower rate if the U.S. R&D tax credit is renewed. The company now expects its capital investments for the full year of 2014 to be about USD 330 million.

 

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TNN

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Valuation TNN Industry Range
Price/Earnings 13.4x
Price/Sales 0.4x
Price/Book 5.6x
Price/Cash Flow 7.3x
TEV/Sales 0.2x
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