Tenneco (TEN) Misses Q1 EPS by 11c, Revenue Beats, Offer Outlook

Tenneco (NYSE: TEN) reported Q1 EPS of $1.58, $0.11 worse than the analyst estimate of $1.69. Revenue for the quarter came in at $2.57 billion versus the consensus estimate of $2.42 billion.

Second quarter and full year 2018

Tenneco expects constant currency total revenue growth of 8% in the second quarter 2018, outpacing 5% light vehicle industry production* growth forecast. The company expects organic growth to outpace industry production* with higher light vehicle revenue, double-digit growth in commercial truck and off-highway revenue, and a stable contribution from the aftermarket segment.

The company reaffirmed its 2018 full year outlook, and expects 5% organic revenue growth, outpacing industry production* by 3 percentage points, and full year margins roughly in line with 2017.

For earnings history and earnings-related data on Tenneco (TEN) click here.

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