Back to top

Analyst Blog

Tenneco Inc. (TEN - Analyst Report) announced that it has received the 2012 supplier innovation award from Ill-based manufacturer of agricultural machinery, John Deere. The award was a recognition for the company in developing an integrated selective catalytic reduction (SCR) and mixing system, which will be incorporated into the Tier 4 Final diesel aftertreatment system.

Initiated in 2010, the supplier innovation award is given to suppliers to encourage them for their innovative product or service and to accredit suppliers for their creativity. The award is given based on four criteria namely – creativity, feasibility, collaboration, and bottom-line impact.

Tenneco is one of the global suppliers of John Deere. Tenneco has been supplying diesel aftertreatment products, including diesel oxidation catalysts (DOC) and diesel particulate filters (DPF) for certain Tier 4 interim applications, to John Deere since 2010.

Tenneco will work together with John Deere on aftertreatment technology for reducing nitrogen oxides (NOx) and maintaining emissions standards. Tenneco plans to strengthen its clean air technology portfolio to support the customers to comply with the strict emission standards.

Tenneco, a Zacks Rank #3 (Hold) stock, reported an adjusted profit of $40.0 million or 66 cents per share in the fourth quarter 2012, up 25% from $32.0 million or 53 cents in the corresponding quarter a year ago. However, earnings missed the Zacks Consensus Estimate by 2 cents.

Revenues decreased 1.7% to $1.75 billion, missing the Zacks Consensus Estimate of $1.78 billion. Excluding substrate sales and currency impact, revenues increased 1.9% to $1.39 billion. The year-over-year increase in revenues was attributable to a rise in sales volume of light vehicles in North America and China and higher North American aftermarket sales.

Few stocks that are performing well in the industry where Tenneco operates include STRATTEC Security Corporation (STRT - Snapshot Report), Gentherm Incorporated (THRM - Snapshot Report) and Oshkosh Corporation (OSK - Snapshot Report). Strattec Security and Gentherm are Zacks Rank #1 (Strong Buy) stocks while Oshkosh carries a Zacks Rank #2 (Buy).

 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

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 Zacks.com. 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
UNITED THER… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%