Tenneco to Webcast Presentation at the Wolfe Research Global Auto Industry Conference
11 January 2019 - 9:39AM
Business Wire
Tenneco Inc. (NYSE: TEN) will participate in the Wolfe Research
Global Auto Industry Conference to be held in Detroit, Michigan on
Wednesday, January 16, 2019. The webcasted presentation is
scheduled to begin at 9:40 am Eastern and run for 40 minutes. Brian
Kesseler and Roger Wood, co-Chief Executive Officers, will give a
strategic overview and provide information regarding matters
impacting Tenneco’s outlook.
The live webcast can be accessed by going to the “Investors”
portion of its web site at www.investors.tenneco.com. A copy of the
slides also will be available under the “Events &
Presentations” tab in this section of the web site. A replay of the
webcast will be available through February 16, 2019.
About Tenneco
Headquartered in Lake Forest, Illinois, Tenneco is one of the
world’s leading designers, manufacturers and marketers of Ride
Performance and Clean Air products and technology solutions for
diversified markets, including light vehicle, commercial truck,
off-highway equipment and the aftermarket, with 2017 revenues of
$9.3 billion and approximately 32,000 employees worldwide.
On October 1, 2018, Tenneco completed the acquisition of
Federal-Mogul, a leading global supplier to original equipment
manufacturers and the aftermarket with nearly 55,000 employees
globally and 2017 revenues of $7.8 billion. Additionally, the
company expects to separate its businesses to form two new,
independent companies, an Aftermarket and Ride Performance company
as well as a new Powertrain Technology company, in the second half
of 2019.
About the Future Aftermarket and Ride Performance
Company
Following the separation, the aftermarket and ride performance
company will be one of the largest global multi-line, multi-brand
aftermarket companies, and one of the largest global OE ride
performance and braking companies. The aftermarket and ride
performance company’s principal product brands will feature
Monroe®, Walker®, Clevite®Elastomers, MOOG®, Fel-Pro®, Wagner®,
Champion® and others. The Aftermarket and Ride Performance company
would have 2017 pro-forma revenues of $6.4 billion, with 56% of
those revenues from aftermarket and 44% from original equipment
customers.
About the Future Powertrain Technology Company
Following the separation, the powertrain technology company will
be one of the world’s largest pure-play powertrain companies
serving OE markets worldwide with engineered solutions addressing
fuel economy, power output, and criteria pollution requirements for
gasoline, diesel and electrified powertrains. The powertrain
technology company would have 2017 pro-forma revenues of $10.7
billion, serving light vehicle, commercial truck, off-highway and
industrial markets.
Safe Harbor
This release contains forward-looking statements. These
forward-looking statements include, but are not limited to, (i) all
statements, other than statements of historical fact, included in
this communication that address activities, events or developments
that we expect or anticipate will or may occur in the future or
that depend on future events and (ii) statements about our future
business plans and strategy and other statements that describe
Tenneco’s outlook, objectives, plans, intentions or goals, and any
discussion of future operating or financial performance. These
forward-looking statements are included in various sections of this
communication and the words “may,” “will,” “believe,” “should,”
“could,” “ plan,” “expect,” “anticipate,” “estimate,” and similar
expressions (and variations thereof) are intended to identify
forward-looking statements. Forward-looking statements included in
this release concern, among other things, Tenneco’s planned
separation into an aftermarket and ride performance company and a
powertrain technology company; Tenneco’s other plans, objectives
and expectations; and other statements that are not historical
facts. Forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results to materially
differ from those described in the forward-looking statements,
including the possibility that Tenneco may not complete the
spin-off of the Aftermarket & Ride Performance business from
the Powertrain Technology business (or achieve some or all of the
anticipated benefits of such a spin-off); the possibility that the
acquisition of Federal-Mogul or the separation may have an adverse
impact on existing arrangements with Tenneco, including those
related to transition, manufacturing and supply services and tax
matters; the ability to retain and hire key personnel and maintain
relationships with customers, suppliers or other business partners;
the risk that the benefits of the acquisition of Federal-Mogul or
the separation, including synergies, may not be fully realized or
may take longer to realize than expected; the risk that the
acquisition of Federal-Mogul or the separation may not advance
Tenneco’s business strategy; the risk that Tenneco may experience
difficulty integrating all employees or operations; the potential
diversion of Tenneco management’s attention resulting from the
separation; as well as the risk factors and cautionary statements
included in Tenneco’s periodic and current reports (Forms 10-K,
10-Q and 8-K) filed from time to time with the SEC.
Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of
actual results. Unless otherwise indicated, the forward-looking
statements in this release are made as of the date of this
communication, and, except as required by law, Tenneco does not
undertake any obligation, and disclaims any obligation, to publicly
disclose revisions or updates to any forward-looking statements.
Additional information regarding these risk factors and
uncertainties is detailed from time to time in the company's SEC
filings, including but not limited to its annual report on Form
10-K for the year ended December 31, 2017.
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version on businesswire.com: https://www.businesswire.com/news/home/20190110005781/en/
TennecoLinae GollaInvestor Inquiries847
482-5162lgolla@tenneco.comorBill DawsonMedia Inquiries847
482-5807bdawson@tenneco.com
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