Tenneco (TEN) PT Lowered to $31 at RBC Capital

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Go back to Tenneco (TEN) PT Lowered to $31 at RBC Capital

Tenneco Reports Fourth Quarter and Full-Year 2018 Results

March 14, 2019 8:00 AM EDT

Reported higher fourth quarter and full-year revenue on strong growth with light vehicle and commercial truck and off-highway customers Completed acquisition of Federal-Mogul on October 1, 2018 On track to achieve acquisition synergy goals

LAKE FOREST, Ill.--(BUSINESS WIRE)-- Tenneco (NYSE: TEN) reported a fourth quarter net loss of $109 million, or $(1.35) per diluted share. Fourth quarter 2017 net income was $62 million, or $1.19 per diluted share. Adjusted net income was $105 million, or $1.30 per diluted share, versus $91 million or $1.75 per diluted share last year.

Fourth... More