Tenneco, Inc.

Tenneco, Inc.

Tenneco, Inc.

Overview
Date Founded

1940

Headquarters

500 North Field Drive,Lake Forest, IL 60045-5202

Type of Company

Public

Employees (Worldwide)

32K

Industries

Auto Parts & Tires
Other Business & Consulting Services
Industrial Machinery & Manufacturing
Automobiles

Company Description

Tenneco, Inc. engagesin the design, manufacture, and distribution of engineered products for both original equipment vehicle manufacturers and the repair and replacement markets. It operates through the following segments: North America Clean Air; North America Ride Performance; Europe, South America, and India Clean Air; Europe, South America, and India Ride Performance; Asia Pacific Clean Air; and Asia Pacific Ride Performance. Its brands include Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, and Fric-Rot for ride control products; and Walker, Fonos, DynoMax, Thrush, and Lukey for emission control products. The company was founded on April 1, 1940 and is headquartered in Lake Forest, IL.

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Executives & Employees

Director, Co-Chief Executive Officer & Chief Operating Officer

Co-Chief Executive Officer

Executive Director, Global Communications

Executive Director, Ride Performance Global Communications

Executive Director, Investor Relations

Executive Vice President Chief Financial Officer

Senior Vice President General Counsel & Corporate Secretary

Vice President & Chief Technology Officer

Chief Information Officer & Senior Vice President

Principal Accounting Officer

Board of Directors

President at Tenneco Automotive Operating Co., Inc.

Professor at Harvard University

Former Group President, Worldwide Finishing at Illinois Tool Works, Inc.

Director, President & Chief Executive Officer at Icahn Enterprises LP

Former Chief Executive Officer at Packaging Corporation of America

Director, Co-Chief Executive Officer & Chief Operating Officer at Tenneco, Inc.

Former Chairman, President & Chief Executive Officer, Usg Corporation at USG Corp.

Former Chief Financial Officer, Executive Vice President & Head-Investor Relations at Anixter International, Inc.

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Tenneco, Inc.
Owners & Shareholders
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Icahn Associates Holding is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

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Lyrical Asset Management Investments employs a value investment approach. They believe that a portfolio of companies with low valuations relative to their long-term normalized earnings power will outperform the overall market over time. The firm's philosophy is to invest only in businesses that they believe are of high quality. Investments are limited to publicly-traded equity securities and cash equivalents. Clients may impose restrictions on investing in certain securities or types of securities.LAM begins with a universe of the top US 1,000 stocks (market-cap around $3 billion), and then uses a proprietary screen to generate investment candidates. The screen estimates a fair price for each stock applying a normalized multiple to an estimate of 5-year forward normalized earnings, which is calculated by taking the historical earnings trend line of a company and consensus estimates for future earnings and statistically extrapolating forward 5 years. Each portfolio candidate/stock idea goes through a fundamental research process. This process is designed to develop an understanding of the business, including drivers of growth and profitability, competitive advantages, position and leverage with customers and suppliers, historical and potential business threats/opportunities, and management style, objectives and incentives. Attractive investment ideas are considered for inclusion in the portfolio. These are companies where Lyrical believes the investment controversy to be temporary, where the underlying business has sufficient quality and durability, and where the discount in the stock price is large enough to compensate for the risks of the investment.For Lyrical Long-Only Partners, LAM uses the same screening process and the same general investment methodology as they use for long positions. They also seek to sell short overvalued securities which can be bought to cover when their stock price declines to the price target. For Lyrical US Hedged Value Fund (LYRHX), they generally sell short sector-specific ETFs to hedge market exposures from LYRHX's long positions. Lyrical doesn't attempt to time the markets, or focus on weightings relative to any index.

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Fuller & Thaler Asset Management provides specialized investment management services that focus on exploiting market inefficiencies drawn from insights from behavioral finance. The firm's strategies range from micro-cap to large-cap US equity strategies. They offer primarily judgmental strategies, as opposed to quantitative or traditional fundamental strategies. These strategies are managed in both a long-short market neutral, as well as a long-only format.Fuller & Thaler's strategies generally invest in US listed companies and may be a long only or a long/short strategy. The firm applies investment principles that are based on behavioral finance. To take advantage of behavioral biases, Fuller & Thaler generally focuses on certain markers of possible under- and overreaction. Information from these and other variables are combined with measures of expectations and valuation, which ultimately lead to the selection of long and short equity positions. Fuller & Thaler strategies strategies include Small-Cap Growth, Small-Cap Value, Small-Cap Core, Micro-Cap, Behavioral Small-Cap Equity, Low Volatility Behavioral Equity Market Neutral, Behavioral Equity Market Neutral and Behavioral Index. Fuller & Thaler's strategies may employ the use of futures, ETFs and leverage.

Recent Transactions
Details Hidden

Tenneco, Inc. purchases Federal-Mogul Holdings LLC from Icahn Enterprises LP

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Tenneco, Inc. purchases Federal-Mogul Goetze (India) Ltd.

Details Hidden

Quantum CapitalPartners GmbH purchases Vauste Spain SL from Tenneco, Inc.

Transaction Advisors
Legal Advisor

Advised onTenneco, Inc. purchases Federal-Mogul Holdings LLC from Icahn Enterprises LP

Investment Advisor

Advised onTenneco, Inc. purchases Federal-Mogul Holdings LLC from Icahn Enterprises LP

Investment Advisor

Advised onTenneco, Inc. purchases Federal-Mogul Holdings LLC from Icahn Enterprises LP

Legal Advisor

Advised onTenneco, Inc. purchases Federal-Mogul Holdings LLC from Icahn Enterprises LP

Legal Advisor

Advised onTenneco, Inc. purchases Federal-Mogul Holdings LLC from Icahn Enterprises LP

Advisors & Consultants
Advisor

Interim Chief Executive Officer at Delphi Technologies Plc

Advisor

Executive Vice President & Managing Director, Tenant Advisory Services Group at Transwestern Commercial Services LLC

Clients

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive and Financial Services. The Automotive segment engages in designing, manufacturing, marketing and servicing of Ford cars, trucks, SUVs, and electrified vehicles, as well as Lincoln luxury vehicles. The Financial Services segment consists of Ford Credit, which offers automotive financing products to and through automotive dealers. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

Navistar International Corp. is a holding company, which engages in the manufacture of military truck, proprietary diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It also offers retail, wholesale, and lease financing services for trucks and parts. It operates through the following segments: Truck, Parts, Global Operations, and Financial Services. The Truck segment manufactures and distributes Class 4 through 8 trucks, buses, and military vehicles under the International and IC brands, along with production of proprietary engines, primarily in the North America markets. The Parts segment provides customers with proprietary products together with a wide selection of other standard truck, trailer, and engine service parts. The Global Operations segment consists of the operations of its wholly-owned subsidiary, IIAA, which manufactures and distributes mid-range diesel engines and provides customers with additional engine offerings in the agriculture, marine, and light truck markets. The Financial Service segment provides and manages retail, wholesale, and lease financing of products sold by the Truck and Parts segments and their dealers. It also finance wholesale and retail accounts receivable. The company was founded in 1902 and is headquartered in Lisle, IL.

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks, and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Key Stats and Financials As of 2017
Market Capitalization
$2.83B
Total Enterprise Value
$4.34B
Earnings Per Share
$3.9
Revenue
$9.27B
Net Profit
$207M
Five Year Compounded Annual Growth Rate Of Revenue
4.72%
Three Year Compounded Annual Growth Rate Of Revenue
3.27%
Debt TEV
0.34x
TEVNet Income
20.94x
Enterprise Value EBITDAOperating
5.94x
Enterprise Value Sales
0.47x
EBITDAMargin
7.87%
EBITDA
$730M
Total Debt
$1.46B
Total Equity
$784M
Non-Profit Donations & Grants
Investors
Details Hidden

Founder at Icahn Associates Holding LLC

Suppliers
Shiloh Industries, Inc. Tools & Hardware | Valley City, OH

Shiloh Industries, Inc. engages in designing, engineering, and manufacturing of lightweight technologies for the mobility market. It operates through the Automotive and Commercial Vehicles segment. Its products include body structure and interior systems; chassis systems; and powertrain systems. It also perform steel processing services such as oiling; leveling; cutting-to-length; multi-blanking; slitting; edge trimming of hot and cold-rolled steel coils; and inventory control services. The company was founded in 1950 and is headquartered in Valley City, OH.

Financial Engines, Inc. Accounting & Financial Services | Sunnyvale, CA

Financial Engines, Inc. engages in the provision of financial guidance. Its services include objective, fee-based advice, and asset management. The company was founded by William F. Sharpe, Joseph A. Grundfest and Craig W. Johnson in 1996 and is headquartered in Sunnyvale, CA.

Woodward, Inc. Industrial Machinery & Manufacturing | Fort Collins, CO

Woodward, Inc. engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the Aerospace and Industrial segments. The Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, combustion and motion control. These products include main fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls actuators, servo controls, motors and sensors for aircraft. The Industrial segment designs, produces and services systems and products for the management of fuel, air, fluids, gases, electricity, motion, and combustion. These products consists of actuators, valves, pumps, injectors, solenoids, ignition systems, speed controls, electronics and software, power converters, and devices that measure, communicate and protect electrical distribution systems. The company was founded by Amos W. Woodward in 1870 and is headquartered in Fort Collins, CO.

Competitors
Johnson Controls, Inc. Auto Parts & Tires - Milwaukee, WI

Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2012, Corporate Responsibility Magazine recognized Johnson Controls as the #5 company in its annual “100 Best Corporate Citizens” list

Meritor, Inc. Auto Parts & Tires - Troy, Michigan

Meritor, Inc. engages in the design, production, and trade of integrated systems, modules, and components to original equipment manufacturers. It operates through the Commercial Truck and Industrial, and Aftermarket and Trailer segments. The Commercial Truck and Industrial segment supplies drivetrain systems and components, which includes axles, drivelines, braking and suspension systems for medium and heavy-duty trucks, military, construction, bus and coach, fire and emergency and other applications. The Aftermarket and Trailer segment provides axles, brakes, drivelines, suspension parts and other replacement parts to commercial vehicle and industrial aftermarket customers in North America and Europe. The company was founded in 1909 and is headquartered in Troy, MI.

American Axle & Manufacturing Holdings, Inc. Auto Parts & Tires - Detroit, MI

AAM is a leading, global Tier-One automotive supplier of driveline and drivetrain systems and related components for light trucks, SUVs, passenger cars, crossover vehicles and commercial vehicles with a regionally cost competitive and operationally flexible global manufacturing, engineering and sourcing footprint . Through highly-engineered, advanced technology products, processes and systems and industry leading operating performance, the AAM team provides a competitive advantage to our customers.

Awards & Honors
Rank #334
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #334
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine