Tenneco has announced that its third-quarter net income has grown strongly, from $10 million (17 cents per share) in the same period last year to $30 million (49 cents per share). Adjusted net income was US$42 million (67 cents per share).

In the third quarter of this year, Tenneco’s total revenue was US$1.773 billion, an increase of 15% from the same period last year (US$1.542 billion); value-added income was US$1.373 billion, which was 16% higher than the same period of last year (US$1.185 billion). The increase in revenue was mainly attributable to the increase in sales of original spare parts and the good currency environment.

EBIT was US$84 million, compared with US$67 million in the same period of last year; adjusted EBIT was US$99 million, compared with US$77 million in the same period of last year. The increase in EBIT was mainly due to the increase in business volume and sales in the aftermarket.

Tenneco’s operating cash for the third quarter was 80 million U.S. dollars, capital expenditure was 50 million U.S. dollars, and stocks were repurchased worth 5 million U.S. dollars. As of September 30, Tenneco’s net debt was $1.141 billion.