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Prospector
Profile
128-02
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| Tenneco, Inc. |
NAICS |
336211 |
| 500 North Field Drive
Lake Forest, IL 60045 |
Description |
Auto Parts Mfg. |
| (847) 482-5000 |
Employees |
19000 |
| http://www.tenneco.com/ |
Revenue |
(mil) |
4685.0000 |
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Income |
(mil) |
51.0000 |
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Assets |
(mil) |
3263.0000 |
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Liability |
(mil) |
3042.0000 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Tenneco Inc. reported net loss of $72 million for fourth quarter ended Dec. 31, 2007, versus net income of $15 million in fourth quarter 2006. The loss was due to charges taken in the fourth quarter for actions that advance Tenneco's financial strategy. These include costs for refinancing a portion of the company's debt, which will reduce interest expense, and non-cash tax charges for realigning the European ownership structure, which more effectively aligns the company's U.S. and European assets and revenues with liabilities and expenses. This action will reduce cash taxes and accelerates the use of U.S. net operating losses. For full-year 2007, the company reported a net loss of $5 million, compared with net income of $49 million, in 2006. At Dec. 31, 2007, the company's balance sheet showed total assets of 3.59 billion, total liabilities of $3.19 billion and total shareholders' equity of $0.4 billion.
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Intellectual Property:
The Company holds a number of domestic and foreign patents and trademarks relating to its products and businesses. The Company manufactures and distributes its products primarily under the WalkerŽ and MonroeŽ brand names, which are well-recognized in the marketplace and are registered trademarks. [SEC Filing 10-K 03-01-07]
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Description:
Tenneco engages in the design, manufacture, and distribution of automotive emission control and ride control products and systems for the original equipment vehicle manufacturer, and repair and replacement markets worldwide.
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Officers:
Gregg Sherrill (Chair & CEO); Timothy R. Donovan (EVP & Gen. Counsel); Hari N. Nair (EVP); Kenneth R. Trammell (EVP & CFO); Brent J. Bauer (SVP); Neal Yanos (SVP); Timothy E. Jackson (SVP); Richard P. Schneider (SVP); Paul Schultz (SVP); Paul D. Novas (VP & Controller); J. Jeffrey Zimmerman (VP & Sec.)
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Auditor:
Deloitte & Touche LLP
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Securities:
Common Stock-Symbol TEN; NYSE;
46,565,899 common shares outstanding as of October 31, 2007.
7.45% Debentures due 2025; 9.20% Debentures due 2012; 10.20% Debentures due 2008.
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