Tennant Stock Price, News & Analysis

Tennant Company (TNC) reported second-quarter 2022 net sales of $280.2 million, marking a 0.4% increase year-over-year with an organic sales growth of 4.4%. Adjusted EBITDA was $30.3 million (10.8% margin), down 13.7% from the prior year. Net income surged 69.4% to $16.6 million, bolstered by a building sale and lack of prior expenses. The company confirmed its full-year guidance, forecasting net sales between $1,125 million and $1,170 million. Despite strong demand, supply chain issues and inflationary pressures impacted production and margins.

Tennant Company (NYSE: TNC) has appointed Andrew P. Hider, CEO of ATS Automation, to its Board of Directors effective August 3, 2022. Mr. Hider brings over 20 years of leadership experience in manufacturing, with expertise in driving business growth and operational performance. David Huml, President and CEO of Tennant, expressed excitement about Hider's insights and strategic financial experience, emphasizing its importance for achieving long-term objectives. Tennant Company, founded in 1870, specializes in sustainable cleaning technologies and solutions, generating $1.09 billion in sales in 2021.

On August 3, 2022, Tennessee Company (NYSE: TNC) announced a quarterly cash dividend of 25 cents per share, payable on September 15, 2022, to shareholders recorded as of August 31, 2022. Founded in 1870 and headquartered in Eden Prairie, Minnesota, Tennant Company specializes in designing and manufacturing cleaning solutions. The company reported sales of $1.09 billion in 2021 and employs approximately 4,250 people worldwide, emphasizing sustainability and innovation in its product offerings.

Tennant Company (NYSE: TNC) has scheduled its second-quarter earnings report for August 9, 2022, at 10:00 a.m. Central Time. A conference call will follow the release, which will be accessible on the company’s investor website.

Founded in 1870 and based in Eden Prairie, Minnesota, Tennant Company specializes in solutions for cleaner and safer environments. In 2021, the company reported sales of $1.09 billion and employs around 4,250 staff globally.

Tennant Company has announced the winner of its third annual Custodians Are Key contest. Gladys Hernandez from Blue Valley CAPS, Overland, Kansas, will receive a $15,000 prize package, including $5,000 for herself and $10,000 for her school. Hernandez was recognized for her outstanding contributions as a custodian, chosen from nearly 1,000 nominations across North America. The initiative highlights the vital role custodians play in maintaining safe educational environments, especially during the pandemic.

Tennant Company (TNC) reported a first-quarter net income of $10.3 million on net sales of $258.1 million, representing a 2.0% decline year-over-year. Despite a 0.8% organic sales growth, challenges in parts availability led to increased backlog levels. The company's adjusted EBITDA fell to $27.9 million, marking a 31.4% decrease from the previous year. Tennant revised its 2022 earnings guidance, now forecasting adjusted EBITDA between $140 million and $155 million. Strong demand continues, but macroeconomic pressures and geopolitical risks affect operations.

On April 26, 2022, Tennant Company (NYSE: TNC) announced a quarterly cash dividend of 25 cents per share, payable on June 15, 2022, to shareholders of record as of May 31, 2022. Founded in 1870 and headquartered in Eden Prairie, Minnesota, Tennant specializes in creating cleaning solutions across various environments. The company recorded $1.09 billion in sales for 2021 and has around 4,250 employees, with a vast global presence in manufacturing and distribution.

Tennant Company (NYSE: TNC) will report its 2022 first-quarter results on April 28, 2022, at 10:00 a.m. Central Time. A conference call will follow the earnings release, which will be available on their investors portal. The company, founded in 1870 and headquartered in Eden Prairie, Minnesota, specializes in creating solutions for cleaner environments. In 2021, it reported sales of $1.09 billion and employs around 4,250 people.

Tennant Company (NYSE: TNC) has introduced lithium-ion technology to its autonomous machines, enhancing cleaning efficiency. This upgrade affects the T380AMR, T7AMR, and T16AMR models, providing run times of 5 to 6.5 hours compared to 4 hours with lead-acid batteries. Customers can expect up to 60% more cleaning time, reduced maintenance, and operational cost savings. This technology aims to optimize resource allocation in cleaning environments, with over 5,400 robotic scrubbers deployed globally.