Financial
Tenneco Reports Q4, Full-Year 2021 Results
The company says strong performance delivers lower net debt and improved net leverage ratio.
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.