Tenneco’s Q1 net income down 1.7% y/y to USD58 million, revenue up 12% y/y
Company reconfirms financial outlook for FY 2018
Tenneco has reported 1.7% year-over-year (y/y) decline in net income to USD58 million for the three months ended 31 March 2018, the US-based supplier said in a press release on 27 April. The company recorded 12% increase in revenue to USD2.6 billion. On constant exchange basis, Tenneco’s revenue increased 6% y/y driven by higher volumes and incremental content on light vehicle, commercial truck and off-highway programs.
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