Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
February 4, 2019
TENNECO FOURTH QUARTER AND FULL YEAR 2018 EARNINGS RELEASE AND CONFERENCE CALL NOTICE
LAKE FOREST, Ill. (BUSINESS WIRE) – February 4, 2019 – Tenneco Inc. (NYSE: TEN) plans to issue its fourth quarter and full year 2018 earnings release before the market opens on Monday, February 25, 2019 and hold a conference call the same day at 8:00 a.m. ET. The purpose of the call is to discuss the company’s results of operations, as well as provide updated information regarding matters impacting the company’s outlook and expectations for 2019 revenue.
News Release: Before the market opens on Monday, February 25, 2019. The news release will be issued by Business Wire and will be emailed to the Tenneco investor distribution list. The news release will be available on the Tenneco website.
Conference Call: Monday, February 25, 2019. The conference call will be hosted by Brian Kesseler, Co-CEO; Roger Wood, Co-CEO; Jason Hollar, EVP & CFO and Ron Hundzinski, EVP Finance.
Time: 8:00 a.m. Eastern time
7:00 a.m. Central time
Phone Numbers: 1-833-366-1121 (domestic)
Pass Code: Tenneco Inc.
Leader: Linae Golla
Call Playback: Available one hour following completion of the call on Monday, February 25, 2019 - through March 4, 2019.
Numbers: 1-877-344-7529 (domestic)
Website Broadcast: For a “listen only” broadcast, go to the company’s website at www.investors.tenneco.com. Please go to the website at least 15 minutes prior to the start of the call to register and download and install any necessary audio software. Accompanying slides will be available in the investor section of our website. A replay of this webcast will be available on the Tenneco website through March 25, 2019.
Headquartered in Lake Forest, Illinois, Tenneco is one of the world’s leading designers, manufacturers and marketers of Ride Performance and Clean Air products and technology solutions for diversified markets, including light vehicle, commercial truck, off-highway equipment and the aftermarket, with 2017 revenues of $9.3 billion and approximately 32,000 employees worldwide.
On October 1, 2018, Tenneco completed the acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket with nearly 55,000 employees globally and 2017 revenues of $7.8 billion. Additionally, the company expects to separate its businesses to form two new, independent companies, an Aftermarket and Ride Performance company as well as a new Powertrain Technology company, in the second half of 2019.
About the Future Aftermarket and Ride Performance Company
Following the separation, the aftermarket and ride performance company will be one of the largest global multi-line, multi-brand aftermarket companies, and one of the largest global OE ride performance and braking companies. The aftermarket and ride performance company’s principal product brands will feature Monroe®, Walker®, Clevite®Elastomers, MOOG®, Fel-Pro®, Wagner®, Champion® and others. The Aftermarket and Ride Performance company would have 2017 pro-forma revenues of $6.4 billion, with 56% of those revenues from aftermarket and 44% from original equipment customers.
About the Future Powertrain Technology Company
Following the separation, the powertrain technology company will be one of the world’s largest pure-play powertrain companies serving OE markets worldwide with engineered solutions addressing fuel economy, power output, and criteria pollution requirements for gasoline, diesel and electrified powertrains. The powertrain technology company would have 2017 pro-forma revenues of $10.7 billion, serving light vehicle, commercial truck, off-highway and industrial markets.
This release contains forward-looking statements. These forward-looking statements relate to our plans to separate into two independent public companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the possibility that Tenneco may not complete the spin-off of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a spin-off); the possibility that the acquisition of Federal-Mogul or the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the acquisition of Federal-Mogul or the separation, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the acquisition of Federal-Mogul or the separation may not advance Tenneco’s business strategy; the risk that Tenneco may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management’s attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco’s periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC.
Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated, the forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements. Additional information regarding these risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its annual report on Form 10-K for the year ended December 31, 2017.