Mexican Media Brands
Tenneco Profit Soars 74%
Tenneco Inc. boosted net income to $87 million in the April-June quarter from $50 million in the same period of 2011.
#economics
Share
Tenneco Inc. boosted net income to $87 million in the April-June quarter from $50 million in the same period of 2011.
Revenue rose 2% to $1.9 billion. The Lake Forest, Ill.-based maker of emission and ride control systems credits higher vehicle production in China and North America, partially offset by unfavorable exchange rates.
Sales climbed 14% to $996 million in North America and 9% to $214 million in Asia Pacific. But revenue dropped 24% to $87 million in Europe and 16% to $142 million in India and South America.
Profit excluding restructuring costs and a one-time tax benefit climbed 40% to $70 million. Earnings before interest and taxes jumped 21% to a record $137 million. Tenneco's EBIT margin widened by 1.1 points to 7.1%.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.