Welcome to our dedicated page for Tennant news (Ticker: TNC), a resource for investors and traders seeking the latest updates and insights on Tennant stock.
Tennant Company (NYSE: TNC) is a manufacturer of cleaning equipment and technologies used in industrial, commercial and outdoor environments, and this news page aggregates its disclosed updates for investors and observers. Company news releases cover topics such as quarterly financial results, dividend declarations, product launches and milestones in robotic cleaning.
Regular earnings announcements provide detail on Tennant’s net sales, net income, adjusted EBITDA and regional performance across the Americas, EMEA and APAC. These releases also discuss factors influencing results, including pricing, volume, product mix, foreign currency and macroeconomic conditions such as tariffs and demand trends. Management commentary often highlights order growth, gross margin dynamics, cost management and the company’s use of non-GAAP measures to evaluate operating performance.
Product-focused news includes introductions like the Z50 Citadel Outdoor Sweeper and the T360 walk-behind scrubber, which illustrate Tennant’s efforts to address specific cleaning needs in industrial sites, municipal settings and high-traffic indoor environments. Other announcements showcase Tennant’s progress in robotic cleaning, including reaching the milestone of selling 10,000 autonomous mobile robot scrubbers and expanding its AMR portfolio.
Dividend and capital allocation updates appear in separate releases, where Tennant reports on regular quarterly cash dividends and long-running patterns of dividend payments and increases. Together, these items give readers insight into how the company balances investment in areas such as ERP modernization and product development with returning capital to shareholders. Investors and researchers can use this news feed to follow Tennant’s financial performance, product evolution and strategic priorities over time.
Tennant Company (NYSE: TNC) has launched Inventory Scan, an innovative add-on for its robotic floor scrubbers, in partnership with Brain Corp. This technology enables autonomous scanning of retail inventory, thus enhancing operational efficiency. By integrating data collection with floor care, Inventory Scan allows retailers to minimize labor-intensive tasks and improve stock management. The solution employs advanced computer vision to capture real-time data, offering insights on pricing accuracy and product localization. The move underscores Tennant's commitment to innovation and customer-centric solutions.
Tennant Company (TNC) reported strong third-quarter results for 2021, with net sales of $272.0 million, reflecting a 4.7 percent organic growth. Net income rose significantly to $21.5 million, or $1.14 per diluted share, compared to $11.7 million the previous year. Adjusted EBITDA increased to $36.0 million, constituting 13.2 percent of sales. However, the company faced challenges from global supply disruptions, leading to a record order backlog. Despite these hurdles, Tennant remains confident in long-term growth, revising full-year guidance to net sales of $1.09 billion to $1.1 billion.
Tennant Company (NYSE: TNC) has announced a 9% increase in its quarterly cash dividend to $0.25 per share, marking the 50th consecutive year of raised annual cash dividends. The dividend will be payable on December 15, 2021, to shareholders recorded by November 30, 2021. This move reflects the company's strong capital position and management's confidence in its business outlook. Tennant aims to drive sustainable growth and enhance operational efficiencies to create long-term shareholder value.
Tennant Company (NYSE: TNC) announced it will report its third quarter results for 2021 on November 2, 2021, with a conference call scheduled for 10:00 a.m. Central Time. Investors can access the earnings release before the call at investors.tennantco.com. A replay of the conference call will also be available on the same site. Founded in 1870 and headquartered in Eden Prairie, Minnesota, Tennant Company is a leader in cleaning solutions, generating $1.0 billion in sales in 2020.
Tennant Company (NYSE: TNC) reported second-quarter results for 2021, achieving net sales of $279.1 million, a 27.5% organic growth from the previous year. Net income decreased to $9.8 million from $14.3 million, with adjusted diluted EPS at $1.18. Adjusted EBITDA of $35.1 million accounted for 12.6% of sales. Cash flow from operations was $19.4 million, significantly lower than $39.8 million in Q2 2020. The company maintained its full-year guidance, projecting net sales between $1.090 billion and $1.110 billion.
On July 28, 2021, Tennant Company (TNC) announced a quarterly cash dividend of 23 cents per share. This dividend will be payable on September 15, 2021, to shareholders recorded by the close of business on August 31, 2021. Founded in 1870 and based in Eden Prairie, Minnesota, Tennant Company is a leader in designing and manufacturing cleaning solutions, with reported sales of $1.0 billion in 2020 and around 4,300 employees. The company operates globally, selling products directly in 15 countries.
Tennant Company (TNC) is set to report its 2021 second quarter results on August 3, 2021. A conference call will follow at 10:00 a.m. Central Time, where company executives will discuss the financial outcomes. The earnings release will be available before the call on the company's investor website. Tennant, a leader in cleaning solutions since 1870, generated $1.0 billion in sales in 2020 and employs around 4,300 people worldwide, offering products across 15 countries directly and more than 100 through distributors.
Tennant Company (NYSE: TNC) reported a strong first-quarter performance for 2021, with net sales of $263.3 million, up 3.1% year-over-year on an organic basis. Net income surged to $25.7 million ($1.37 per diluted share), compared to $5.2 million ($0.28 per diluted share) in Q1 2020. Adjusted EBITDA increased to $40.7 million, representing 15.5% of sales. Cash flow from operations rose to $18.4 million. Tennant anticipates net sales between $1.090 billion and $1.110 billion for 2021, reflecting a 9-11% organic growth, driven by recovery from pandemic impacts.
Tennant Company (TNC) has declared a quarterly cash dividend of 23 cents per share, scheduled for payment on June 15, 2021, to shareholders recorded by the close of business on May 31, 2021. Founded in 1870 and based in Minneapolis, Tennant is a leader in designing and manufacturing sustainable cleaning solutions. In 2020, the company reported sales of $1.0 billion and employs approximately 4,300 people globally. Its extensive product lineup includes equipment for various environments and focuses on reducing environmental impact.
Tennant Company (NYSE: TNC) will release its first quarter 2021 financial results on May 4, 2021. A conference call to discuss these results is scheduled for 10:00 a.m. Central Time on the same day, with the earnings release available beforehand on investors.tennantco.com. Participants can listen to the live call and view the slides by accessing the website 10 minutes prior. A replay will also be available post-call on the same platform.
Founded in 1870, Tennant is a leader in cleaning solutions, reporting $1.0 billion in sales for 2020.