Tenneco (TEN) Sees 2017 Revenue Growth of 5%

Tenneco Inc. (NYSE: TEN) today announced that in 2017 the company expects to outpace light vehicle industry production* by 4 percentage points, which is at the mid-point of last year’s estimate for outgrowing the industry in 2017. In total, Tenneco expects year-over-year revenue growth of 5%. This growth assumes current industry production forecasts and is at 2016 constant currency.

Tenneco Chairman and CEO Gregg Sherrill provided the company’s revenue outlook at the Deutsche Bank Global Auto Industry Conference in Detroit. “Tenneco has outpaced industry production by more than 3 percentage points over the last 10 years and I am pleased that our revenue outlook for 2017 builds on this proven track record of growth with contributions from both our Clean Air and Ride Performance product lines.”

The company expects revenue growth will be driven by:

• An outstanding position on light vehicle platforms globally;
• Regulatory-driven Clean Air content;
• Increasing demand for advanced suspension systems, and;
• Tenneco’s global aftermarket leadership.

Assumptions for the 2017 revenue outlook include:

• Global industry light vehicle production* growth of 1%;
• Global commercial truck production** growth of about 2%, and;
• Growth in off-highway engine production** in regulated regions (North America and Europe) of about 2%.

In 2018 and 2019, Tenneco expects continued revenue growth, outpacing industry production by 3 to 5 percentage points each year. These estimates also exclude the impact of currency.

Tenneco will report its fourth quarter and full-year 2016 financial results on February 7, 2017.

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