TENNECO INC. (NYSE:TEN) Files An 8-K Results of Operations and Financial Condition
ITEM2.02
|
RESULTS OF OPERATIONS AND FINANCIAL CONDITION |
Tenneco Inc. is filing this Current Report on Form 8-K to provide information
regarding the previously announced changes to its reportable
segments regarding product lines in India. The companys Clean Air
and Ride Performance product lines in India have previously been
reported as part of its respective Europe, South America and
India segments. Beginning in 2017, such product lines in India
will be reported in the respective Asia Pacific segments,
bringing the high growth markets in both India and China under
the same divisions. Accordingly, effective for the first quarter
of 2017, the companys reportable segments for financial reporting
purposes will consist of the following six segments: Clean Air
North America; Clean Air Europe and South America; Clean Air Asia
Pacific (which now includes India); Ride Performance North
America; Ride Performance Europe and South America; and Ride
Performance Asia Pacific (which now includes India). Attached to
this Current Report on Form 8-K and incorporated herein by
reference as Exhibit 99.1 is selected supplemental financial
information related to the companys previously issued historical
financial information that is revised on a basis that is
consistent with the reorganization of the companys reportable
segments.
| ITEM9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
|
Exhibit No. |
Description |
|
| 99.1 | Selected Supplemental Financial Information of Tenneco Inc. |
About TENNECO INC. (NYSE:TEN)
Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe, South America and India Clean Air; Europe, South America and India Ride Performance; Asia Pacific Clean Air, and Asia Pacific Ride Performance. Its various brands include Monroe, Rancho, Clevite Elastomers, Axios, Kinetic, Fric-Rot, Walker, XNOx, Fonos, DynoMax and Thrush clean air products. It designs, manufactures and distributes various products and systems designed to reduce pollution and optimize engine performance, acoustic tuning and weight, including catalytic converters and diesel oxidation catalysts; lean nitrogen oxide (NOx) traps; mufflers and resonators; fabricated exhaust manifolds; pipes; hydroformed assemblies; elastomeric hangers and isolators, and aftertreatment control units. TENNECO INC. (NYSE:TEN) Recent Trading Information
TENNECO INC. (NYSE:TEN) closed its last trading session down -0.11 at 65.22 with 311,593 shares trading hands.