Financial
Tenneco Reports Q4, Full-Year 2021 Results
The company says strong performance delivers lower net debt and improved net leverage ratio.
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The company says strong performance delivers lower net debt and improved net leverage ratio.
Fourth quarter 2021 net sales totaled $2.4 billion, a 1.3% increase compared with the fourth quarter of the prior year.
Net sales for the 12 months ended Dec. 31, 2021, were $1.30 billion, compared to consolidated net sales of $1.13 billion during the comparable period in 2020.
Electric vehicle trends continue to create opportunity for Cooper Standard.
Fourth quarter 2021 revenue of $3.2 billion (up 7.9% year-over-year); annual revenue of $13.1 billion (up 12.6% year-over-year).
For fiscal year 2021, revenue was $1.5 billion, an increase of 62% versus the prior year.
Sales for the year increased $1.72 billion, or 15%, to $13.33 billion from $11.60 billion for the same period one year ago.
Retail services sales growth of 36% and a global products sales increase of 28% were among the highlights of the first-quarter report.
Record net sales up 32% for the quarter and 31% for nine months.
During the third quarter of fiscal 2022, Monro reported that it opened 17 stores through acquisitions and closed two stores.
