Tenneco reports 28% increase in revenue in 2010
Record revenues of US$1.57bn in Q4 2010
For the full year ended 31 December 2010, Tenneco reported a 28% increase in revenues, which stood at US$5.93bn compared with US$4.64bn in 2009. The improvement was attributed to increasing OE production volumes, new product launches in light and commercial vehicle segments and strong aftermarket sales. Tenneco reported the highest-ever EBIT and EBITDA of US$281m (US$92m in 2009) and US$497m (US$313m in 2009), respectively. EBIT improved because of increased sales in the OE and aftermarket businesses as well as due to improved efficiency in manufacturing processes. Net income of the company totalled US$39m compared to against a net loss of US$73m in 2009.
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