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Tenneco (TEN)

Tenneco is one of the world's leading designers, manufacturers and marketers of automotive products for original equipment and aftermarket customers, with 2019 revenues of $17.5 billion and approximately 78,000 team members working at more than 300 sites worldwide. Through its four business groups, Motorparts, Ride Performance, Clean Air and Powertrain, Tenneco is driving advancements in global mobility by delivering technology solutions for diversified global markets, including light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.

Company profile

Ticker
TEN
Exchange
Website
CEO
Brian Kesseler
Employees
Incorporated
Location
Fiscal year end
Former names
NEW TENNECO INC, TENNECO AUTOMOTIVE INC, TENNECO INC /DE
SEC CIK
Subsidiaries
A.E. Group Machines Limited • AE International Limited • Anqing TP Goetze Liner Co., Ltd. • Anqing TP Goetze Piston Ring Co., Ltd. • Anqing TP Powder Metallurgy Co. Ltd. • Armstrong Properties (Pty.) Ltd. • Ateliers Juliette Adam SAS • Autopartes Walker, S. de R.L. de C.V. • Beck Arnley Holdings LLC • Carter Automotive Company LLC ...
IRS number
760515284

TEN stock data

Calendar

5 May 22
17 May 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 641M 641M 641M 641M 641M 641M
Cash burn (monthly) 74.67M (no burn) (no burn) (no burn) 29M (no burn)
Cash used (since last report) 116.04M n/a n/a n/a 45.07M n/a
Cash remaining 524.96M n/a n/a n/a 595.93M n/a
Runway (months of cash) 7.0 n/a n/a n/a 20.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 May 22 John W. Wehrenberg Class A Common Stock Payment of exercise Dispose F No No 16.63 902 15K 30,323
14 May 22 John W. Wehrenberg Class A Common Stock Option exercise Acquire M No No 0 3,142 0 31,225
14 May 22 John W. Wehrenberg RSU Class A Common Stock Option exercise Dispose M No No 0 3,142 0 6,284
4 Mar 22 Kaled Awada Class A Common Stock Sale back to company Dispose D No No 19.01 3,794 72.12K 51,782
4 Mar 22 Kaled Awada Class A Common Stock Option exercise Acquire M No No 0 3,794 0 55,576
4 Mar 22 Kaled Awada Class A Common Stock Payment of exercise Dispose F No No 18.86 2,065 38.95K 51,782
4 Mar 22 Kaled Awada Class A Common Stock Option exercise Acquire M No No 0 7,046 0 53,847
4 Mar 22 Kaled Awada RSU Class A Common Stock Option exercise Dispose M No No 0 3,794 0 3,794
4 Mar 22 Kaled Awada RSU Class A Common Stock Option exercise Dispose M No No 0 7,046 0 7,046
4 Mar 22 Rainer Jueckstock Class A Common Stock Sale back to company Dispose D No No 19.01 6,877 130.73K 89,644
65.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 191 194 -1.5%
Opened positions 26 32 -18.8%
Closed positions 29 30 -3.3%
Increased positions 76 61 +24.6%
Reduced positions 60 67 -10.4%
13F shares Current Prev Q Change
Total value 635.95M 844.39M -24.7%
Total shares 54.72M 57.51M -4.8%
Total puts 878K 941.8K -6.8%
Total calls 690.9K 1.21M -42.9%
Total put/call ratio 1.3 0.8 +63.4%
Largest owners Shares Value Change
Vanguard 9.38M $106.01M +4.5%
Fuller & Thaler Asset Management 5.34M $60.33M +49.0%
BLK Blackrock 4.84M $54.71M +5.5%
BAC Bank Of America 3.77M $42.55M +4.3%
Towle & Co 1.89M $21.37M -2.4%
Charles Schwab Investment Management 1.81M $20.4M +5.8%
Jacobs Levy Equity Management 1.62M $18.32M -18.4%
STT State Street 1.44M $16.23M +3.9%
Geode Capital Management 1.34M $15.2M +13.3%
Private Management 1.3M $14.68M -0.5%
Largest transactions Shares Bought/sold Change
Fuller & Thaler Asset Management 5.34M +1.76M +49.0%
C Citigroup 18.81K -1.69M -98.9%
325 Capital 996.41K +996.41K NEW
Two Sigma Investments 511.83K -785.1K -60.5%
RBF Capital 1.28M +755.2K +145.3%
BMO Bank of Montreal 0 -739.47K EXIT
Two Sigma Advisers 705.1K -631.1K -47.2%
Renaissance Technologies 313.4K -627.2K -66.7%
Park West Asset Management 0 -603.15K EXIT
Maple Rock Capital Partners 0 -435K EXIT

Financial report summary

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Risks
  • The proposed Merger is subject to approval of our stockholders as well as the satisfaction of other closing conditions, including government consents and approvals, some or all of which may not be satisfied or completed within the expected timeframe, if at all.
  • The conflict between Russia and Ukraine may adversely affect our business, financial condition, and results of operations.
Management Discussion
  • ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • References herein to “Tenneco”, the “Company”, “we”, “us”, and “our” refer to Tenneco Inc. and its consolidated subsidiaries. Unless otherwise stated, all comparisons of March 31, 2022 financial results are to March 31, 2021 financial results.
  • We design, manufacture, market, and distribute products and services for light vehicle, commercial truck, off-highway, industrial, motorsport, and aftermarket customers. Our business consists of four operating segments, Motorparts, Performance Solutions, Clean Air, and Powertrain and serves both original equipment (“OE”) manufacturers and the repair and replacement markets worldwide. We supply OE parts to vehicle manufacturers for use in light vehicles, commercial vehicles, and other mobility markets; and the global aftermarket with replacement parts that are sold to wholesalers, retailers, and installers, as well as original equipment service (“OES”) parts to OE customers to support their service channels. We serve our customers through our brands, including Monroe®, Champion®, Öhlins®, MOOG®, Walker®, Fel-Pro®, Wagner®, Ferodo®, Rancho®, Thrush®, National®, and Sealed Power®; and others.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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