Tennant Stock Price, News & Analysis

Tennant Company (NYSE: TNC) has announced that it will release its third quarter 2024 financial results after market close on October 31, 2024. A conference call to discuss the results is scheduled for November 1, 2024, at 10:00 a.m. Eastern Time/9:00 a.m. Central Time. The call will be webcast and accessible on the company's investor relations website, with a replay and accompanying slides available afterward.

Tennant Company, founded in 1870 and headquartered in Eden Prairie, Minnesota, is a global leader in designing, manufacturing, and marketing solutions for cleaner, safer, and healthier environments. The company reported sales of $1.24 billion in 2023 and employs approximately 4,500 people worldwide. Tennant operates manufacturing facilities globally and sells products directly in 20 countries, with distribution in over 100 countries.

Tennant Company (NYSE: TNC) has announced a refreshed approach to its corporate giving strategy, aligning with its Thriving People. Healthy Planet. sustainability framework. The new strategy focuses on three key areas: workforce development, environmental sustainability, and fostering vibrant communities and shared spaces.

As part of this initiative, Tennant has committed to a $250,000 corporate sponsorship of the 2024 Habitat for Humanity Carter Work Project. The company will continue its participation in the Minnesota Keystone Program, which recognizes companies donating at least 2% of their pre-tax U.S. earnings to charitable organizations.

The Tennant Foundation, established in 1972, will play a key role in supporting these enhanced giving strategies, focusing on education, social services, and environmental stewardship.

Tennant Company (NYSE: TNC) has launched the T291 small walk-behind scrubber in North America. This versatile machine combines cleaning power and maneuverability, making it suitable for both hard-to-reach spaces and open areas in mid-size retail, healthcare, and education environments. The T291 features:

• A 20-inch scrub path with high water pickup
• Intuitive controls for easy operation
• Self-leveling scrub head
• 2-stage vacuum motor
• Optional ec-H2O NanoClean® with Severe Environment™ technology
• ECO mode for extended battery life

The machine is designed for easy maintenance with a large recovery tank lid opening, simple brush/pad replacement, and clearly labeled maintenance touchpoints. Tennant Company aims to address challenges faced by facilities with time, staff, and resources through this efficient and user-friendly scrubber.

Tennant Company (NYSE: TNC), a global leader in floor cleaning, has launched the Cleaning All-Star Sweepstakes to celebrate custodial heroes across various industries. The sweepstakes aims to recognize cleaning professionals who make a significant impact in creating safe and inviting environments in facilities such as manufacturing plants, schools, retail stores, warehouses, and hospitals.

Key details of the Q4 2024 Sweepstakes:

• Nomination period: September 16 - October 31, 2024
• 75 winners will be randomly selected
• Winners receive a letter, certificate, and $100 gift card
• Nominators of winners receive a letter and $25 gift card

The initiative highlights Tennant's commitment to honoring the often-overlooked contributions of cleaning staff who enhance the health, safety, and comfort of communities. Participation is open to U.S. residents, with no purchase necessary to enter or win.

Tennant Company (NYSE: TNC) reported Q2 2024 financial results, showing net sales growth of 2.9% to $331.0 million and Adjusted EBITDA growth of 1.7% to $58.6 million. The company increased its full-year 2024 guidance, now expecting net sales between $1,280 million and $1,305 million. Key highlights include:

- Organic sales growth of 2.7%, driven by strong pricing realization

- Operating cash flow of $18.6 million

- Returned $13.3 million to shareholders through dividends and share repurchases

- Published 2024 Sustainability Report

- Refinanced debt agreement, increasing revolving credit facility limit to $650 million

The company reported strong performance in the Americas region but faced challenges in EMEA and APAC markets.

Tennant Company (NYSE: TNC), a global leader in surface maintenance solutions, has declared a regular quarterly cash dividend of $0.28 per share. The dividend is payable on September 16, 2024, to shareholders of record as of August 30, 2024. Founded in 1870, Tennant Company specializes in designing, manufacturing, and marketing equipment for maintaining surfaces in various environments, as well as sustainable cleaning technologies and supplies. The company reported sales of $1.24 billion in 2023 and employs approximately 4,500 people globally. Tennant operates manufacturing facilities worldwide and sells products directly in 15 countries, with distribution in over 100 countries.

Tennant Company (NYSE: TNC) has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024, before the market opens. The company will host a conference call at 10:00 a.m. Eastern Time/9 a.m. Central Time to discuss the results. Investors can access the webcast and accompanying slides on the company's website at investors.tennantco.com.

Tennant Company, founded in 1870 and headquartered in Eden Prairie, Minnesota, is a global leader in designing, manufacturing, and marketing solutions for cleaner, safer, and healthier environments. The company reported sales of $1.24 billion in 2023 and employs approximately 4,500 people worldwide. Tennant operates in 15 countries directly and through distributors in over 100 countries.

Tennant Company (NYSE: TNC) has published its 2024 (FY23) Sustainability Report, marking the first year of reporting under its new 'Thriving People. Healthy Planet.' framework. Significant achievements include a 13% reduction in Scope 1 and 2 greenhouse gas emissions and sourcing 92% of global electricity from renewable sources. Tennant also reduced Scope 3 emissions by 8%, increased the number of women in leadership roles to 23%, and saw 25.4% of U.S. employees identifying as BIPOC.

In 2023, Tennant invested over $1.1 million in community support and helped clean 9.7 trillion square feet of shared spaces with its products. The company aims to have 33% of leadership positions held by women and 30% of U.S. employees identifying as BIPOC by 2030. Further details are available in the full report on Tennant's investor website.

Pinnacle West Capital Corp. (NYSE: PNW) announced the appointment of three new board members: Ronald Butler Jr., Carol S. Eicher, and Susan T. Flanagan, effective July 1, 2024. Butler, a managing partner at EY, brings 32 years of diverse management experience. Eicher, with over 30 years in global manufacturing and operations, joins the Audit and Nuclear & Operating committees. Flanagan, an energy and renewables expert, joins the Audit and Finance committees. These additions increase the number of directors from nine to 12, of which 11 are independent. Pinnacle West aims to leverage their expertise to enhance strategy and operations in the evolving energy landscape.