This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tenneco Reports Second Quarter Financial Results

Tenneco Inc. (NYSE: TEN) reported second quarter net income of $87 million, or $1.42 per diluted share, versus net income of $50 million, or 81-cents per diluted share, in second quarter 2011. On an adjusted basis, net income rose to $70 million, or $1.14 per diluted share, compared with $50 million, or 81-cents per diluted share, a year ago.

Adjusted second quarter 2012 and 2011 results:

(millions except per share amounts)   Q2 2012   Q2 2011
  EBITDA*   EBIT  

Net incomeattributable toTenneco Inc.

  Per Share EBITDA*   EBIT  

Net incomeattributable toTenneco Inc.

  Per Share
Earnings Measures $ 187 $ 137 $ 87 $ 1.42 $ 167 $ 113 $ 50 $ 0.81
 
Adjustments (reflects non-GAAP measures):
Restructuring and related expenses 2 2 1 0.02 2 2 1 0.02
Costs related to refinancing - - 1 0.01 - - - -
Net tax adjustments - - (19 ) (0.31 ) - - (1 ) (0.02 )
 
               
Non-GAAP earnings measures $ 189 $ 139 $ 70   $ 1.14   $ 169 $ 115 $ 50   $ 0.81  
 
* EBITDA including noncontrolling interests (EBIT before depreciation and amortization)

In addition to the information set forth above, the tables at the end of this press release reconcile GAAP results to non-GAAP results.

1 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs