Magna (MGA) downwardly revises full-year 2021 revenue projection to the band of $35.4-$36.4 billion from the prior guided range of $38-$39.5 billion.
Tenneco (TEN) modifies its outlook for 2021. It brings down full-year revenue and adjusted EBITDA projections and forecasts a reduction in debt.
Please be aware that our discussion today will include information on non-GAAP financial measures, all of which are reconciled with GAAP measures in our press release attachments and other earnings materials. Unless specifically described otherwise, margin refers to value-add adjusted EBITDA margin. The earnings release and other earnings materials are available on our website.