Tenneco, Inc.

Tenneco, Inc.

Tenneco, Inc.

Overview
Date Founded

1999

Headquarters

Trust Center,1209 Orange Street,Wilmington, DE 44836-9777

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 in 1999 and is headquartered in Lake Forest, IL.

Website
Contact Data
Trying to get in touch with decision makers at Tenneco, Inc.? Subscribe today to access their professional contact information.
Executives & Employees

Director, Chief Executive & Operating Officer

Executive Director, Global Communications

Executive Director, Ride Performance Global Communications

Executive Director, Investor Relations

Executive Vice President & Chief Financial Officer

Secretary, Senior Vice President & General Counsel

Vice President & Chief Technology Officer

Vice President

Controller, Clean Air Division

CAO, Vice President-Finance & Controller

Board of Directors

President at Tenneco Automotive Operating Co., Inc.

Professor at Harvard University

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

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

Former Chief Executive Officer at Packaging Corporation of America

Chairman & Chief Executive Officer at Fallbrook Technologies, Inc.

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

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

Paths to Tenneco, Inc.
Potential Connections via
Relationship Science
You
Tenneco, Inc.
Owners & Shareholders
Details Hidden

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.

Details Hidden

SouthernSun Asset Management is a research-driven investment manager specializing long-only domestic and global equity strategies for institutions and individuals. They are absolute return oriented, investing with a value approach and long-term perspective through disciplined, bottom-up, fundamental analysis and on-site research. SouthernSun invests with a long-term time horizon in niche-dominant, attractively-valued companies with financial flexibility and uniquely-fitted management teams. SouthernSun believes careful, in-depth analysis of a company’s financial strength, market position, and human capital is the most comprehensive method of assigning proper valuations, identifying opportunities, and reducing the risk of investment.

Details Hidden

Cooke & Bieler employs a traditional, conservative, domestic equity, value investment strategy. Their generally employ a long-term approach, rather than engaging in trading or speculative investment strategies. Cooke & Bieler are active, bottom-up managers who study the fundamental characteristics of companies and the industries in which they operate to reach a conclusion on their quality and intrinsic value. Their security analysis also emphasizes research meetings and interviews with corporate management. The firm seeks to take advantage of short-term but fixable problems, either industry-wide or in specific investee companies. The quality characteristics they insist on allow management time to fix internal issues, to outlast competitors in consolidating industries, or to take advantage of economic cycles. Cooke & Bieler believes that their explicit focus on price and quality differentiates them from other value oriented managers. They base their valuation on ten years of projected cash flow plus a terminal value, and our historical holding period has been 3 to 5 years. Cooke & Bieler offers the following strategies: Large Cap Value, Mid Cap Value, All Cap Value, Small Cap Value, SMID Cap Value, and Balanced.

Recent Transactions
Details Hidden

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

Details Hidden

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

Details Hidden

Fox Factory Holding Corp. purchases Marzocchi SpA from Tenneco, Inc.

Insider Transactions
Details Hidden
Details Hidden
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

Former Director & Chief Operating Officer at Tenneco, Inc.

Advisor

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

Clients

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.

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.

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
$2.23B
Total Enterprise Value
$4.34B
Earnings Per Share
$3.9
Revenue
$9.27B
Net Profit
$207M
EBITDA
$730M
EBITDAMargin
7.87%
Total Debt
$1.46B
Enterprise Value Sales
0.47x
TEVNet Income
20.94x
Debt TEV
0.34x
Total Equity
$784M
Enterprise Value EBITDAOperating
5.94x
Three Year Compounded Annual Growth Rate Of Revenue
3.27%
Five Year Compounded Annual Growth Rate Of Revenue
4.72%
Non-Profit Donations & Grants
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, Colorado

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
Cummins, Inc. Automobiles - Columbus, IN

Cummins, Inc. engages in the design, manufacture, sale and service of diesel and natural gas engines and related technologies, including fuel systems, controls, air handing, filtration, emission, solutions and electrical power generation systems. It operates through the following segments: Engine, Distribution, Components and Power Generation. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment markets. The Distribution segment consists of parts, engines, power generation and service, which service and distributes range of its products and services. The Components segment supplies products which complement its Engine and Power Systems segment, including aftertreatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Generation segment designs and manufactures most of the components that make up power generation systems, including controls, alternators, transfer switches and switchgear. Cummins was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

BorgWarner, Inc. Auto Parts & Tires - Addison, IL

BorgWarner, Inc. operates as a clean and efficient technology company. It offers solutions for combustion, hybrid and electric vehicles. Its products improve vehicle performance, propulsion efficiency, stability and air quality. The company also manufactures and sells products to tier one vehicle systems suppliers. It operates through the following business segments: Engine and Drivetrain. The Engine segment develops and manufactures products to manage engines for fuel efficiency, reduced emissions, and enhanced performance. Its products include: turbochargers, timing systems, emissions systems, thermal systems, thermostats, diesel cold start and gasoline ignition technology. The Drivetrain segment develops and manufactures mechanical products for automatic transmissions and all-wheel drive vehicles and rotating electrical components for light and commercial vehicles. It improves fuel economy and vehicle performance. Its products include friction, mechanical and controls products for automatic transmissions and torque management products for all-wheel drive vehicles. BorgWarner was founded in 1928 and is headquartered in Auburn Hills, MI.

Meritor, Inc. Auto Parts & Tires - Fletcher, NC

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 on July 7, 2000 and is headquartered in Troy, MI.

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