Tenneco (TEN) Misses Q2 EPS by 4c, Revenues Miss

Tenneco (NYSE: TEN) reported Q2 EPS of $1.92, $0.04 worse than the analyst estimate of $1.96. Revenue for the quarter came in at $2.54 billion versus the consensus estimate of $2.56 billion.

“Tenneco’s strong organic growth was two times industry production growth in the second quarter, with higher revenues in all three reporting segments, led by double-digit growth in intelligent suspension technologies and commercial truck and off-highway revenue,” said Brian Kesseler, CEO Tenneco. “In line with our guidance last quarter, the Tenneco team delivered sequential margin improvement in all three reporting segments as we continue to drive operational improvements and address higher steel costs through customer recovery mechanisms.”

For earnings history and earnings-related data on Tenneco (TEN) click here.

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