Back to top

Analyst Blog

Tenneco Inc. (TEN - Analyst Report) has announced the opening of its first manufacturing plant in Osaka, Japan. The company plans to expand its business in the country with this facility and its engineering and manufacturing capabilities.

The Osaka plant will manufacture emission control systems for Kubota, which is one of the leading global manufacturers of engines and equipment for agricultural and industrial applications. The plant will also be manufacturing diesel after-treatment systems including diesel oxidation catalysts and diesel particulate filters for commercial vehicle applications over the period.

Tenneco, the leading maker of emission control and ride control systems, currently supports customers in North America, Europe, Brazil, China, India, South Korea and Japan to comply with the stringent emissions standards worldwide. Other than the Osaka plant, the company operates in Japan with technical center in Yokohama and offices in Nagoya and Hiroshima.

Tenneco plans to improve its capabilities in Japan along with providing the customers with the leading technologies, outstanding engineering support and cost-effective solutions. At present, the company provides emission control and ride control products to seven Japan-based light vehicle manufacturers.

Tenneco, in the second quarter of 2012, registered a 40% increase in profit (excluding special items) to $70 million or $1.14 per share from $50 million or 81 cents in the comparable quarter last year. The earnings per share also breezed past the Zacks Consensus Estimate by 17 cents.

Total revenues increased marginally to $1.92 billion, but failed to meet the Zacks Consensus Estimate of $2.04 billion. The year-over-year growth was attributable to a rise in production of light vehicles in North America and China along with higher commercial vehicle revenues around the world.

Tenneco, which competes with Meritor Inc. (MTOR - Analyst Report), maintains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating. Currently, we have a long-term Neutral recommendation on the stock.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%