Tenneco Inc. TEN, -0.41% will participate in the Wolfe Research All-around Auto Industry Conference to be captivated in Detroit, Michigan on Wednesday, January 16, 2019. The webcasted presentation is appointed to activate at 9:40 am Eastern and run for 40 minutes. Brian Kesseler and Roger Wood, co-Chief Executive Officers, will accord a cardinal overview and accommodate advice apropos affairs impacting Tenneco’s outlook.
The alive webcast can be accessed by activity to the “Investors” allocation of its web armpit at www.investors.tenneco.com. A archetype of the slides additionally will be accessible beneath the “Events & Presentations” tab in this area of the web site. A epitomize of the webcast will be accessible through February 16, 2019.
Headquartered in Lake Forest, Illinois, Tenneco is one of the world’s arch designers, manufacturers and marketers of Ride Achievement and Clean Air articles and technology solutions for adapted markets, including ablaze vehicle, bartering truck, off-highway accessories and the aftermarket, with 2017 revenues of $9.3 billion and about 32,000 advisers worldwide.
On October 1, 2018, Tenneco completed the accretion of Federal-Mogul, a arch all-around supplier to aboriginal accessories manufacturers and the aftermarket with about 55,000 advisers globally and 2017 revenues of $7.8 billion. Additionally, the aggregation expects to abstracted its businesses to anatomy two new, absolute companies, an Aftermarket and Ride Achievement aggregation as able-bodied as a new Powertrain Technology company, in the additional bisected of 2019.
About the Approaching Aftermarket and Ride Achievement Aggregation
Following the separation, the aftermarket and ride achievement aggregation will be one of the better all-around multi-line, multi-brand aftermarket companies, and one of the better all-around OE ride achievement and braking companies. The aftermarket and ride achievement company’s arch artefact brands will affection Monroe®, Walker®, Clevite®Elastomers, MOOG®, Fel-Pro®, Wagner®, Champion® and others. The Aftermarket and Ride Achievement aggregation would accept 2017 pro-forma revenues of $6.4 billion, with 56% of those revenues from aftermarket and 44% from aboriginal accessories customers.
About the Approaching Powertrain Technology Aggregation
Following the separation, the powertrain technology aggregation will be one of the world’s better pure-play powertrain companies confined OE markets common with engineered solutions acclamation ammunition economy, adeptness output, and belief abuse requirements for gasoline, agent and electrified powertrains. The powertrain technology aggregation would accept 2017 pro-forma revenues of $10.7 billion, confined ablaze vehicle, bartering truck, off-highway and automated markets.
This absolution contains advanced statements. These advanced statements include, but are not bound to, (i) all statements, added than statements of absolute fact, included in this advice that abode activities, contest or developments that we apprehend or ahead will or may action in the approaching or that depend on approaching contest and (ii) statements about our approaching business affairs and action and added statements that call Tenneco’s outlook, objectives, plans, intentions or goals, and any altercation of approaching operating or banking performance. These advanced statements are included in assorted sections of this advice and the words “may,” “will,” “believe,” “should,” “could,” “ plan,” “expect,” “anticipate,” “estimate,” and agnate expressions (and variations thereof) are advised to analyze advanced statements. Advanced statements included in this absolution concern, amid added things, Tenneco’s planned break into an aftermarket and ride achievement aggregation and a powertrain technology company; Tenneco’s added plans, objectives and expectations; and added statements that are not absolute facts. Advanced statements are accountable to a cardinal of risks and uncertainties that could account absolute after-effects to materially alter from those declared in the advanced statements, including the achievability that Tenneco may not complete the aftereffect of the Aftermarket & Ride Achievement business from the Powertrain Technology business (or accomplish some or all of the advancing allowances of such a spin-off); the achievability that the accretion of Federal-Mogul or the break may accept an adverse appulse on absolute arrange with Tenneco, including those accompanying to transition, accomplishment and accumulation casework and tax matters; the adeptness to absorb and appoint key cadre and beforehand relationships with customers, suppliers or added business partners; the accident that the allowances of the accretion of Federal-Mogul or the separation, including synergies, may not be absolutely accomplished or may booty best to apprehend than expected; the accident that the accretion of Federal-Mogul or the break may not beforehand Tenneco’s business strategy; the accident that Tenneco may acquaintance adversity amalgam all advisers or operations; the abeyant aberration of Tenneco management’s absorption consistent from the separation; as able-bodied as the accident factors and cautionary statements included in Tenneco’s alternate and accepted letters (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC.
Given these risks and uncertainties, investors should not abode disproportionate assurance on advanced statements as a anticipation of absolute results. Unless contrarily indicated, the advanced statements in this absolution are fabricated as of the date of this communication, and, except as appropriate by law, Tenneco does not undertake any obligation, and disclaims any obligation, to about acknowledge revisions or updates to any advanced statements. Additional advice apropos these accident factors and uncertainties is abundant from time to time in the company’s SEC filings, including but not bound to its anniversary address on Anatomy 10-K for the year concluded December 31, 2017.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20190110005781/en/
SOURCE: Tenneco Inc.
Tenneco Linae Golla Investor Inquiries 847 482-5162 email@example.com or Bill Dawson Media Inquiries 847 482-5807 firstname.lastname@example.org
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