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)

81K

Industries

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

Company Description

Tenneco, Inc. engages in 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

Vice President, Investor Relations

Executive Vice President Chief Financial Officer

Senior Vice President General Counsel & Corporate Secretary

Chief Marketing Officer & Senior Vice President

Senior Vice President Chief Technology Officer

Chief Information Officer & Senior Vice President

Board of Directors

Former Vice President & General Manager, North American Automotive Operations at Johnson Controls, Inc.

President at Abbott Laboratories (Puerto Rico), Inc.

Professor at Harvard University

Co-Chief Executive Officer at Tenneco, Inc.

Former Chief Financial Officer & Executive Vice President-Finance at Anixter International, Inc.

Executive Chairman & Chief Executive Officer at Cornerstone Building Brands, Inc.

Director & Chief Financial Officer at Icahn Enterprises LP

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

Chief Executive Officer at LG Chem Power, 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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FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm believes that while stock markets are efficient most of the time, behavioral anomalies can arise under certain circumstances, resulting in exploitable mispricing opportunities. FTAM's strategies primarily invest in US listed companies and are a long only or a long/short strategy and may employ futures, ETFs and leverage. Their investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, mid-cap value, micro-cap, low volatility behavioral equity market neutral and behavioral unconstrained equity.

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Lyrical Asset Management 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. Lyrical Asset Management begins with a universe of the top 1,000 US 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.

Recent Transactions
Details Hidden

Tenneco, Inc. purchases Öhlins Racing AB

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

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

Insider Transactions
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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

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

Advisor

Former Director & Chief Operating Officer at Tenneco, Inc.

Legal Advisor

Partner at McGuireWoods LLP

Clients

Icahn Enterprises L.P. (NASDAQ: IEP), a master limited partnership, is a diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion. Icahn Enterprises L.P. is a Delaware master limited partnership

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 operates through the following segments: Truck, Parts, Global Operations, and Financial Services. The Truck segment manufactures and distributes class four through eight trucks, buses, military and government vehicles under the International, and IC Bus (IC) brands, and produces engines under its proprietary brand name and parts required to support the military truck lines. The Parts segment offers a proprietary products needed to support the International commercial truck, IC Bus, proprietary engine lines, and export parts business, as well as its other product lines. The Global Operations segment comprises of Brazil engine operations which produce diesel engines under contract manufacturing arrangements. The Financial Services segment includes retail, wholesale, and lease financing of products sold by the truck and parts segments, and dealers within the United States, and Mexico. 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 three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business. The Ford Credit segment comprises Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

Key Stats and Financials As of 2018
Market Capitalization
$804M
Total Enterprise Value
$6.73B
Earnings Per Share
$0.94
Revenue
$11.8B
Debt TEV
0.82x
TEVNet Income
122.34x
Enterprise Value EBITDAOperating
7.56x
Enterprise Value Sales
0.57x
EBITDAMargin
7.57%
EBITDA
$890M
Total Debt
$5.49B
Total Equity
$2.05B
Net Profit
$55M
Five Year Compounded Annual Growth Rate Of Revenue
8.11%
Three Year Compounded Annual Growth Rate Of Revenue
12.74%
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 lightweighting technologies that provide environmental and safety benefits to the mobility market. It operates through a single segment: Automotive and Commercial Vehicles. It designs and manufactures products within body structure and interior, chassis, and powertrain systems. 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.

Senior Plc Auto Parts & Tires | Rickmansworth, HR

Senior Plc designs, manufactures and markets technology components and systems. The company operates its business through two divisions: Aerospace and Flexonics. The Aerospace division offers various products and systems for structures, fluid conveyance, and gas turbine engines. Its products include airframe and system components & assemblies; high-pressure and low-pressure engineered ducting systems; engineered control bellows, sensors and assemblies; fabricated engine components; and fluid systems ducting & control products. The Flexonics division manufactures flexible automotive components, and offers products for land vehicle emission control and industrial process control applications. This segment's products include exhaust gas recycling coolers, fuel mixing & distribution systems, flexible couplings, engineered expansion joints, dampers & diverters, flexible hose assemblies & control bellows, and fuel cells & heat exchangers. The company serves the aerospace, defense, land vehicle and energy markets. Senior was founded by David Lycett Green on December 18, 1933 and is headquartered in Rickmansworth, the United Kingdom.

Competitors
Cummins, Inc. Automobiles - Columbus, IN

Cummins, Inc. engages in the design, manufacture, sale and service of diesel and natural gas engines and powertrain-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 after treatment 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. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

Meritor, Inc. Automobiles - 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 Trailer, and Aftermarket and Industrial segments. The Commercial Truck and Trailer segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems, primarily for medium- and heavy-duty trucks 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.

Lear Corporation Auto Parts & Tires - Southfield, MI

Lear Corp. engages in the design, manufacture, and supply of automotive seat, electrical distribution systems, and electronic modules, as well as related sub-systems, components, and software. It operates through the Seating and E-Systems segments. The Seating segment consists of the design, engineering, just-in-time assembly and delivery of complete seat systems, as well as the manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-System segment consists of the design, development, engineering and manufacture of complete electrical distribution systems that route electrical signals and manage electrical power within a vehicle and electronic control modules that facilitate signal, data, and power management within the vehicle. The company was founded in 1917 and is headquartered in Southfield, 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
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