Tenneco says it expects to outpace light vehicle industry production this year by three percentage points in line with last year’s estimate for 2018 revenue growth.
In total, the company expects 2018 revenue growth of 5%, driven by increases in both the Ride Performance and Clean Air product lines. This growth assumes current industry production forecasts and is at 2017 constant currency.
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In 2018, the company expects 5% organic growth driven by:
- Content growth on light and commercial vehicle platforms
- The continued industry recovery in regulated off-highway regions
- Assumptions for the 2018 revenue outlook include:
- Global industry light vehicle production 2%
- Global commercial truck production about flat
- Off-highway engine production in regulated regions up by low double-digits
- Organic growth is net of OE price downs
- Substrates estimated at 24% – 25% of total revenue
- Tenneco also announced its revenue guidance for 2019 and 2020.
In those years, the company expects to outperform industry production by:
- 4% to 6% in 2019
- 3% to 5% in 2020
- Tenneco will report its fourth quarter and full-year 2017 financial results on 9 February, this year
Tenneco is a US$8.6bn global manufacturing company with headquarters in Lake Forest, Illinois and around 31,000 employees worldwide.
Tenneco is one of the world’s largest designers, manufacturers and marketers of clean air and ride performance products and systems for automotive and commercial vehicle original equipment markets and the aftermarket.
