Tenneco Fourth Quarter 2020 Performance Results In Strong Cash Generation, Margin Expansion And Debt Reduction
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Tenneco (TEN) Tops Q4 EPS by 67c, Revenues Beat; Offers 1Q & FY21 Revenue Guidance Above Consensus
February 24, 2021 7:06 AM ESTTenneco (NYSE: TEN) reported Q4 EPS of $1.68, $0.67 better than the analyst estimate of $1.01. Revenue for the quarter came in at $4.65 billion versus the consensus estimate of $4.3 billion.
Fourth quarter 2020 revenue of $4.7 billion was up 12% year-over-year. Value-add revenue for the fourth quarter 2020 was $3.6 billion, or 4% higher versus last year, excluding currency impact of $76 million.The Company reported net income for the fourth quarter 2020 of $167 million, or $2.03 per diluted share, and adjusted net income for the fourth quarter 2020 of $138 million, or $1.68 per diluted share.Fourth quarter 2020 EBIT* improved by $404 million... More