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Tenneco Inc (TEN.N)

TEN.N on New York Stock Exchange

34.17USD
3:39pm GMT
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$0.70 (+2.09%)
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Volume
25,473
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$61.75
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Latest Key Developments (Source: Significant Developments)

Tenneco To restructure North America ride control operations
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Tenneco Inc ::TENNECO TO RESTRUCTURE NORTH AMERICA RIDE CONTROL OPERATIONS.TENNECO INC - INTENTION TO REALIGN MANUFACTURING CAPACITY AND CLOSE MANUFACTURING PLANTS IN OWEN SOUND, ONTARIO AND HARTWELL, GEORGIA.TENNECO INC - ANNOUNCES INTENTION TO REALIGN MANUFACTURING CAPACITY AND CLOSE MANUFACTURING PLANTS IN OWEN SOUND, ONTARIO AND HARTWELL, GEORGIA.TENNECO INC - ANNOUNCES INTENTION TO REALIGN MANUFACTURING CAPACITY AND CLOSE MANUFACTURING PLANTS IN OWEN SOUND, ONTARIO AND HARTWELL, GEORGIA.TENNECO INC - EXPECTS TO BEGIN TRANSFERRING CURRENT CUSTOMER BUSINESS PRIMARILY TO ITS RIDE CONTROL FACILITY IN KETTERING, OHIO, LATER THIS YEAR.TENNECO INC - ESTIMATES THAT RESTRUCTURING ACTIONS WILL GENERATE BETWEEN $20 MILLION AND $25 MILLION IN ANNUALIZED SAVINGS BEGINNING BY END OF 2020.TENNECO INC - EXPECTS TO COMPLETE CLOSURE OF TWO FACILITIES NEAR END OF Q2 OF 2020.TENNECO INC - RESTRUCTURING AND RELATED CHARGES ARE EXPECTED TO BE IN RANGE OF $70 MILLION AND $85 MILLION.TENNECO INC - RESTRUCTURING CHARGES COMPRISE BETWEEN $40 MILLION AND $50 MILLION OF CASH EXPENDITURES, $30-$35 MILLION OF NON-CASH ASSET WRITE-DOWNS, OTHER COSTS..TENNECO INC - INITIATIVE TO REALIGN MANUFACTURING FOOTPRINT AS A RESPONSE TO "CHANGING MARKET CONDITIONS AND CAPACITY REQUIREMENTS".  Full Article

Tenneco Q3 Adjusted Earnings Per Share $1.70
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Tenneco Inc ::TENNECO REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.70.Q3 EARNINGS PER SHARE $1.15.Q3 REVENUE $2.372 BILLION VERSUS I/B/E/S VIEW $2.32 BILLION.Q3 EARNINGS PER SHARE VIEW $1.49 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 REVENUE ABOUT $11.8 BILLION.RAISES FY ORGANIC REVENUE GROWTH OUTLOOK TO 6%, OUTPACING INDUSTRY PRODUCTION BY 5 PERCENTAGE POINTS.FOR FY EXPECTS TENNECO VALUE-ADD ADJUSTED EBITDA MARGIN, INCLUDING FEDERAL-MOGUL FROM DATE OF ACQUISITION, IN RANGE OF 11.3% TO 11.5%.  Full Article

Carl Icahn Reports 9.9 Pct Stake In Tenneco Inc As Of Oct 1
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Tenneco Inc ::CARL ICAHN REPORTS 9.9 PERCENT STAKE IN TENNECO INC AS OF OCTOBER 1 - SEC FILING.  Full Article

Tenneco Says Parties To Class Action Complaint Disclosed On July 17 Entered Confidential MoU
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Tenneco Inc ::TENNECO - PARTIES TO CLASS ACTION COMPLAINT DISCLOSED ON JULY 17 ENTERED CONFIDENTIAL MOU - SEC FILING.TENNECO - CONFIDENTIAL MOU PROVIDES FOR DISMISSAL OF CLASS ACTION COMPLAINT WITH PREJUDICE AS TO PLAINTIFF.TENNECO - RECOMMENDS SHAREHOLDERS VOTE “FOR” PROPOSAL TO APPROVE ISSUANCE OF STOCK CONSIDERATION IN CONNECTION WITH FEDERAL-MOGUL DEAL.  Full Article

DG For Competition Of European Commission Issued Clearance Of Tenneco's Transaction To Acquire Federal-Mogul
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Icahn Enterprises LP ::TENNECO SAYS ON AUG. 6, THE DG FOR COMPETITION OF THE EUROPEAN COMMISSION ISSUED CLEARANCE OF CO'S TRANSACTION TO ACQUIRE FEDERAL-MOGUL - SEC FILING.  Full Article

Tenneco Board Selects Brian Kesseler, Roger Wood As CEOs Of Future Independent Companies
Monday, 23 Jul 2018 

July 23 (Reuters) - Tenneco Inc ::TENNECO BOARD SELECTS BRIAN KESSELER, ROGER WOOD AS CEOS OF FUTURE INDEPENDENT COMPANIES.TENNECO - AFTER FEDERAL-MOGUL DEAL CLOSING, & PRIOR TO SEPARATION, KESSELER & WOOD TO SERVE AS CO-CEOS OF TENNECO, LEADING THEIR RESPECTIVE BUSINESSES.TENNECO INC - KESSELER, TENNECO'S CURRENT CEO WILL BECOME CHAIRMAN AND CEO OF AFTERMARKET AND RIDE PERFORMANCE COMPANY.TENNECO INC - WOOD WILL BECOME CHAIRMAN AND CEO OF NEW POWERTRAIN TECHNOLOGY COMPANY.  Full Article

Tenneco Sets Quarterly Cash Dividend Of $0.25 Per Share
Friday, 20 Jul 2018 

July 20 (Reuters) - Tenneco Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.25PER SHARE.  Full Article

Tenneco To Withdraw Chicago Stock Exchange Listing
Friday, 29 Jun 2018 

June 29 (Reuters) - Tenneco Inc ::TENNECO TO WITHDRAW CHICAGO STOCK EXCHANGE LISTING.TENNECO INC - COMPANY RETAINS NEW YORK STOCK EXCHANGE LISTING.TENNECO INC - WITHDRAWAL IS EXPECTED TO BECOME EFFECTIVE ON OR ABOUT JULY 23, 2018.  Full Article

Tenneco Names Jason Hollar Chief Financial Officer
Friday, 18 May 2018 

May 18 (Reuters) - Tenneco Inc ::TENNECO NAMES JASON HOLLAR CHIEF FINANCIAL OFFICER.TENNECO INC - JASON HOLLAR WILL SUCCEED KEN TRAMMELL.  Full Article

Tenneco Announces Reporting Segment Changes
Friday, 27 Apr 2018 

April 27 (Reuters) - Tenneco Inc ::TENNECO ANNOUNCES REPORTING SEGMENT CHANGES.TENNECO - COMPANY WILL NOW REPORT RESULTS IN THREE SEGMENTS, CLEAN AIR, RIDE PERFORMANCE AND AFTERMARKET.  Full Article

UPDATE 2-Delphi Tech says CEO steps down, cuts full-year forecasts

Oct 5 Delphi Technologies Plc said on Friday Chief Executive Officer Liam Butterworth was stepping down, and the auto parts supplier cut its full-year revenue forecast, sending its shares down 8 percent.