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Tenneco Inc. (TEN) is a prominent global designer, manufacturer, and marketer of automotive products for both original equipment and aftermarket customers. With 2019 revenues hitting $17.5 billion and a workforce of approximately 78,000 employees across more than 300 sites worldwide, Tenneco stands as a cornerstone in the automotive industry.
Tenneco operates through four primary business groups: Motorparts, Ride Performance, Clean Air, and Powertrain. Each division contributes to the company's mission of advancing global mobility by delivering cutting-edge technology solutions. These solutions cater to a diverse range of markets including light vehicles, commercial trucks, off-highway, industrial applications, motorsport, and the aftermarket.
The Motorparts group is dedicated to manufacturing and marketing a comprehensive range of products for vehicle maintenance and repair, ensuring longevity and performance. The Ride Performance division focuses on developing suspension and braking systems that enhance vehicle stability and comfort.
Through the Clean Air division, Tenneco provides advanced emissions control solutions that help in reducing pollutants from vehicles, contributing to a cleaner environment. The Powertrain segment specializes in engine components and systems that improve fuel efficiency and reduce emissions, supporting the demand for more sustainable transportation solutions.
Recent achievements of Tenneco include strategic partnerships that bolster their product offerings and market reach. The company is heavily invested in innovation, consistently working on projects that drive technological advancements in the automotive sector. Financially, Tenneco maintains a robust position with substantial revenues and a global presence that underscores its significance in the industry.
For the latest updates and in-depth information on Tenneco's performance, events, and developments, stay connected to their official news releases and investor relations communications.
Tenneco is leveraging over a century of powertrain expertise to investigate synthetic fuels (e-fuels) as a solution for reducing emissions from internal combustion engines (ICE). Their Powertrain business group is collaborating on the NAMOSYN project with various academic and industry partners to assess the technical and commercial viability of e-fuels. This initiative aims to enable climate-neutral transportation while using existing fuel infrastructure. Initial tests indicate a potential reduction of over 50% in harmful emissions, making e-fuels a promising near-term technology for sustainable mobility.
Tenneco (NYSE: TEN) is set to release its second quarter 2021 financial results on August 5, 2021, before market opening. A conference call will follow at 9:30 a.m. ET to discuss the results and future outlook. The company, which achieved $15.4 billion in revenues for full year 2020 and employs approximately 73,000 people across over 270 sites globally, aims to highlight advancements in automotive technology during the call. Live access to the call will be available through Tenneco's investor website.
Tenneco's Powertrain business group has been recognized as a GM Supplier of the Year for the second consecutive year during General Motors' 29th annual awards. Out of 122 suppliers from 16 countries, Tenneco distinguished itself by meeting GM's rigorous performance criteria, thereby contributing to their advanced automotive technologies. CEO Brian Kesseler emphasized the award's importance amid challenges faced during the past year, reflecting Tenneco's ongoing commitment to quality and innovation in fuel economy and emission reduction.
Rancho®, a brand under Tenneco's DRiV group, has launched the RS7MT™, a new monotube shock designed for select Jeep applications, enhancing on- and off-road handling. Key features include an integrated dirt wiper sealing system, a hardened piston rod, and a two-inch monotube body that effectively manages temperature ranges between -40 to 248° Fahrenheit. The RS7MT also includes application-specific mounting and is covered by a Limited Lifetime Warranty and 90-day Performance Guarantee. Tenneco's overall revenues for 2020 were $15.4 billion, supporting a workforce of approximately 73,000 globally.
Tenneco Inc. (NYSE: TEN) will participate in the 2021 Deutsche Bank Global Auto Industry Conference on June 17, 2021, with a webcast starting at 10:30 a.m. Eastern. CEOs Brian Kesseler and CFO Matti Masanovich will discuss strategic insights and factors affecting Tenneco's outlook. The webcast can be accessed via the Investors section of their website, and a replay will be available until July 17, 2021. Tenneco reported $15.4 billion in revenue for 2020 and has around 73,000 employees across over 270 sites globally.
Ӧhlins Racing, a Tenneco business, has been chosen as the exclusive shock absorber supplier for the NASCAR Cup Series' 'Next Gen' car platform, set to debut in 2022. This partnership allows Ӧhlins to supply advanced, five-way adjustable dampers that enhance performance and safety for all competing teams. The Next Gen platform includes design improvements aimed at reducing costs and expediting chassis setups. NASCAR's Next Gen car will be introduced at the Daytona 500 on February 20, 2022, showcasing cutting-edge technology developed over two years of collaboration between Ӧhlins and NASCAR.
Tenneco (NYSE: TEN) reported robust financial results for Q1 2021, with total revenue reaching $4.7 billion, a 23% year-over-year increase. Net income surged to $65 million, or $0.79 per diluted share, a stark contrast to the $839 million loss in Q1 2020. The company also raised its full-year guidance, expecting revenue between $17.6-18.1 billion and adjusted EBITDA of $1.35-1.45 billion. Tenneco emphasized margin expansion and improved cash flow as key outcomes of its performance focus, contributing to a 0.4x improvement in net leverage ratio.
Tenneco will disclose its first quarter 2021 financial results on May 6, 2021, before the market opens. The company will host a conference call at 9:30 a.m. ET on the same day to discuss these results and provide an outlook. Tenneco, a major player in the automotive sector with 2020 revenues of $15.4 billion, operates through four business segments: Motorparts, Ride Performance, Clean Air, and Powertrain. Investors can access a live webcast and presentation materials via the investor section of Tenneco's website.
Eaton and Tenneco announced a joint development agreement to create an integrated exhaust thermal management system aimed at helping vehicle manufacturers meet new emission regulations. The upcoming Euro 7 standards in Europe and similar U.S. regulations will necessitate significant reductions in tailpipe emissions. This collaboration will combine Tenneco's Cold Start Thermal Unit and Eaton's TVS blower technology, enhancing the efficiency of emission control systems. Production is expected to begin in 2025, with strong interest from global manufacturers already evident.
Tenneco Inc. (NYSE: TEN) has successfully completed an $800 million offering of 5.125% Senior Secured Notes due 2029. These notes are backed by Tenneco's subsidiaries and secured by first priority interests in the majority of Tenneco's assets. The funds will be used to redeem outstanding 5.000% Senior Secured Notes and Floating Rate Senior Secured Notes due 2024, with the redemption scheduled for April 2, 2021. The notes were sold under Rule 144A and Regulation S, catering specifically to institutional buyers and non-U.S. persons.
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