Tenneco CEO ‘pleased with progress’ despite sluggish aftermarket

Tenneco wrapped up strong third quarter as adjusted net income jumped 26% year-on-year to US$78m and revenue rose 6% to set a Q3 record at US$2.081bn. Both of its product lines enjoyed growth in the latest three-month period, with Clean Air revenue increasing 8% and Ride Performance up 2%. OE light vehicle revenue increased 6% year-over-year, outpacing global industry light vehicle production, while commercial truck and off-highway revenue grew 15%, though global aftermarket revenue remained essentially flat.