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Tenneco Inc (NYSE:TEN)
Company information
Tenneco Inc was incorporated in Delaware in 1996. In 2005, it changed its name from Tenneco Automotive Inc. back to Tenneco Inc. The Company is a manufacturer of automotive emission control and ride control products and systems. Tenneco serve both original equipment or OE vehicle designers and manufacturers and the repair and replacement markets, or aftermarket, globally through leading brands, including Monroe(r), Rancho(r), Clevite(r) Elastomers and Fric Rottm ride control products and Walker(r), Fonostm, and Gillettm emission control products. Worldwide the Company serves more than 37 different original equipment manufacturers, and its products or systems are included on eight of the top 10 passenger car models produced for sale in Europe and eight of the top 10 light truck models produced for sale in North America for 2008. Tenneco¿s aftermarket customers are comprised of full-line and specialty warehouse distributors, retailers, jobbers, installer chains and car dealers. The Company operates 83 manufacturing facilities worldwide. Tenneco designs, manufactures and sells automotive emission control and ride control systems and products, with 2008 revenues of $5.9 billion. As a parts supplier, the Company produces individual component parts for vehicles as well as groups of components that are combined as modules or systems within vehicles. These parts, modules and systems are sold globally to most leading OEMs and throughout all aftermarket distribution channels. Tenneco¿s diesel particulate filters are produced in both Europe on the Mercedes Benz Sprinter and E-class and North America on the GM Duramax, Ford Super Duty, Dodge Ram and International Truck and Engine Corporation medium duty. The Company's particulate filter and De-NOx converter could reduce particulate emissions by up to 90 percent and nitrogen oxide emissions by up to 85 percent. Tenneco also has numerous development contracts with North American, European and Asian light and medium-duty truck manufacturers for its selective catalytic reduction systems. In addition, the Company is actively working on development of a non-road emission after treatment system for multiple manufacturers, in order to meet Tier 4 environmental regulations. In China, it has development contracts for complete turnkey SCR systems, including the ELIM-NOxtm urea dosing technology which it acquired in 2007. In the Aftermarket, Tenneco has promoted the `Safety Triangle¿ of Steering-Stopping-Stability to educate consumers of the detrimental effect of worn shock absorbers on vehicle steering and stopping distances. The Company further strengthened this message with the introduction of Monroe(r) branded brakes as an Aftermarket product offering during 2007. Also during 2007, the new Federal Motor Vehicle Safety Standard 126 was introduced for electronic stability control systems, making those systems mandatory by 2012. In each of the Company¿s operating segments, it manufactures and markets brand names. Monroe(r) ride control products and Walker(r) exhaust products are two of the most recognized brand names in the automotive parts industry. Tenneco emphasize product value differentiation with these and other key brands such as Monroe Sensa-Trac(r) and Reflex(r) , Quiet-Flow(r), DynoMax(r) , Rancho(r) , Clevite(r) Elastomers, MarzocchiTM and Lukey. In Europe, the Company¿s Gillettm brand is recognized as a leader in developing highly engineered exhaust systems for OE customers. In both the OE market and aftermarket, Tenneco competes with the vehicle manufacturers, some of which are also customers of its and numerous independent suppliers. The Company is subject to a variety of environmental and pollution control laws and regulations in all jurisdictions in which it operates.
Industry: Auto Parts
Employees: 21,000 (12/12/2008)
Tenneco, Incorporated
500 North Field Drive Lake Forest IL 60045
Phone: (847) 482-5000
Fax: (847) 482-5000
Officers: Gregg M. Sherrill, Chairman of the Board/Director/CEO Hari N. Nair, Director/Executive VP/President, Divisional Kenneth R. Trammell, Executive VP/CFO Timothy E. Jackson, Chief Technology Officer/Senior VP
Share Related Items
Mkt. Cap. (Mil) $948.00
Shares Out (Mil)59.36
  
Dividend Information
Yield %0.00
Annual Dividend0.00
Payout Ratio (TTM) %0
Profitability
Gross Margin (TTM) %0.00
Operating Margin (TTM) %5.30
Profit Margin (TTM) %-7.00
Valuation Ratios
Price/Earnings (TTM)0.00
Price/Sales (TTM)0.16
Price/Book (MRQ) $0.00
Price/Cash Flow (TTM) $-4.10
Per Share Data
Earnings (TTM) $-8.36
Sales (TTM) $99.66
Book Value (MRQ) $0.00
Cash Flow (TTM) $-3.59
Management Effectiveness
Return on Equity (TTM)0.00
Return on Assets (TTM)-13.10
Return on Investment (TTM)-33.50
Financial Strength
Quick Ratio (MRQ)0.82 Current Ratio (MRQ)1.19 LT Debt/Equity (MRQ)-5.72
Total Debt/Equity (MRQ)NA      
Mil = Millions MRQ = Most Recent Quarter TTM = Trailing Twelve Months
Financial Snapshot
 2008
Revenue$ 5.9 B
Total Net Income$ -415.0 M
Earnings Per Share$ -8.95
EBITDA$ 334.0 M
Long Term Debt$ 1.4 B
 
More Financial Information
Per-Share Estimates
This QtrNext Qtr
Mean Estimate0.090.06
High Estimates0.190.16
Low Estimates-0.01-0.13
# of Estimates74
 
 
More Earnings Estimates
Current Analyst Ratings
 
Buy3
Overweight2
Hold3
Underweight0
Sell0
MeanOVERWEIGHT
More Analyst Ratings
Latest Insider Trades
CHARLES W. CRAMB111 SharesAward of Stock
ROGER B. PORTER155 SharesAward of Stock
DENNIS J. LETHAM166 SharesAward of Stock
PAUL D. NOVAS5,000 SharesExercise of Stock Options
CHARLES W. CRAMB116 SharesAward of Stock
SEC Filings
8-K, Tenneco Inc Nov 24
8-K, Tenneco Inc Nov 19
8-K, Tenneco Inc Nov 18
SC 13G, Tenneco Inc Nov 9
10-Q, Tenneco Inc Nov 6
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