Tenneco (TEN) Misses Q4 EPS by 12c, Revenues Beat; Provides FY20 Revenue Guidance Below Consensus
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Tenneco Reports Fourth Quarter And Full-Year 2019 Results
February 20, 2020 6:00 AM ESTLAKE FOREST, Ill., Feb. 20, 2020 /PRNewswire/ -- Tenneco Inc. (NYSE: TEN) reported fourth quarter 2019 revenue of $4.1 billion, versus $4.3 billion a year ago. On a constant currency pro forma basis, total revenue decreased 2% versus last year, while light vehicle industry production* declined 5% in the quarter. Value-add revenue for the fourth quarter was $3.4 billion.  Revenue comparisons include a negative $88 million impact due to a work stoppage at the company's largest customer.
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