The past year may not have been especially great to auto and truck part manufacturers, but Tenneco (TEN) has fared worse than most. The company has been slow to realize the margin improvements that it has been promising for some time and analyst estimates have been heading steadily lower. All of that said, investors should not ignore the potential growth that could come as the company focuses on penetrating the commercial vehicle market.
A Leader In A Key Market
There is no question that the auto and truck markets are cyclical and Tenneco can do little about that basic fact. Nevertheless, countries around the world have gotten increasingly serious about emissions control and Tenneco is a leading name in emission control technologies for vehicles. Tenneco supplements this emissions business (which contributes about 70% of revenue) with a ride-control business that produces components like shocks, struts, and mounts.
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Tenneco Looks To Commercial Vehicles To Expand Markets, Margins
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