Tenneco Automotive Inc.
Stock Symbol: TEN
500 North Field Drive
Tenneco Automotive Inc. Industry:
Auto & Truck Parts
Tenneco Automotive Inc. Description:
Tenneco Automotive is a $3.5 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,600 employees worldwide. Tenneco Automotive is one of the world's largest producers and marketers of ride control and exhaust systems and products, which are sold under the Monroe(R) and Walker(R) global brand names. Among its products are Sensa-Trac(R) and Monroe Reflex(R) shocks and struts, Rancho(R) shock absorbers, Walker(R) Quiet-Flow(R) mufflers and DynoMax(R) performance exhaust products, and Monroe(R) Clevite(R) vibration control components.
Tenneco Automotive Inc. Financial Summary:
TEN manufactures automotive emissions control and ride control products and systems sold under Monroe and Walker brand names. For the 6 months ended 6/30/05, revenues rose 6% to $2.28B. Net income rose 43% to $40M. Revenues reflect record European ride control revenues, favorable currency translation, and catalytic converter pass-through sales. Net income also reflects the absence of $8M in changeover costs for a new aftermarket customer.
Tenneco Automotive Inc. Business Summary:
Tenneco Automotive Inc. (Tenneco) is primarily engaged in the manufacture of automotive emission control and ride control products and systems for both original equipment vehicle manufacturers (OEMs), and the repair and replacement markets (aftermarket). As an automotive parts supplier, the Company designs, engineers, manufactures, markets and sells individual component parts for vehicles, as well as groups of components that are combined as modules or systems within vehicles. Tenneco markets its ride products and systems under the Monroe, Rancho, Clevite Elastomers and Fric Rot brand names. It markets its emission control products under the Walker, Fonos and Gillet brand names. In February 2005, Tenneco announced the acquisition of substantially all the exhaust assets of Gabilan Manufacturing, Inc., a privately held company that develops and manufactures motorcycle exhaust systems primarily for Harley-Davidson motorcycles.