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) will release its 2023 first quarter results on April 28, 2023, with a conference call scheduled at 9:00 a.m. Central Time on the same day. The earnings release will be available before the call and can be accessed at investors.tennantco.com under News and Events, Press Releases.
Participants are encouraged to join the call at least 10 minutes early and may need to download audio software. A recorded replay and presentation slides will also be available at the same website following the event. Founded in 1870 and headquartered in Eden Prairie, Minnesota, Tennant Company specializes in solutions that promote a cleaner, safer environment, reporting over $1.09 billion in sales for 2022.
Tennant Company (NYSE: TNC) has announced the launch of its full i-mop portfolio of mechanized walk-behind scrubbers designed for small, cluttered spaces. This innovative product line aims to replace traditional mop-and-bucket cleaning, promising increased efficiency, sustainability, and cleaning effectiveness. The i-mop family features lightweight designs, intuitive controls, and advanced lithium-ion batteries for extended run time. The lineup includes three models: i-mop Lite, i-mop XL Plus, and i-mop XXL Plus, catering to various cleaning needs. Tennant holds exclusive rights to sell i-mop products in the U.S. and Canada.
Tennant Company (NYSE: TNC) has introduced two new ride-on scrubbers, the T681 and T981, expanding its cleaning equipment portfolio. The T681 is designed for maneuverability and larger cleaning capacity, featuring easy controls suitable for various environments. The T981 offers pre-set programs for effective cleaning in large areas. Both models promise enhanced productivity through larger solution tanks and integrated chemical dosing systems. Orders will begin later this spring, catering to the needs of facilities looking for efficient cleaning solutions while maintaining budget considerations.
Tennant Company (TNC) reported its 2022 financial results, achieving a net income of $66.3 million on net sales of $1,092.2 million, reflecting a 0.1% growth. Adjusted EBITDA for the year was $133.7 million, representing 12.2% of sales. In Q4, net income soared to $23.8 million on $291.0 million in sales, a 5.3% increase year-on-year. For 2023, the company projects adjusted net income of $3.70 to $4.50 per share and EBITDA of $140 million to $160 million. While organic sales grew 4.2% for the year, external factors like foreign exchange negatively impacted performance. The company remains optimistic yet cautious amid global economic uncertainties.
On February 14, 2023, Tennant Company (NYSE: TNC) declared a quarterly cash dividend of $0.265 per share. This dividend is payable on March 15, 2023, to shareholders on record as of the close of business on March 3, 2023. Founded in 1870 and headquartered in Eden Prairie, Minnesota, Tennant Company specializes in cleaning technologies and equipment for various environments. It generated $1.09 billion in sales in 2021 and employs approximately 4,250 people across global manufacturing and distribution networks.
Tennant Company (NYSE: TNC) has announced it will report its fourth quarter and full-year results for 2022 on February 23, 2023, at 10:00 a.m. Central Time. A conference call will follow the earnings release, which will be available on the company's investors portal prior to the call. Interested parties are advised to log in 10 minutes early and may need to download audio software. A replay of the conference call will also be posted on the same portal.
Founded in 1870, Tennant is a leader in sustainable cleaning solutions, achieving sales of $1.09 billion in 2021.
Tennant Company (TNC) reported third-quarter 2022 net income of $15.6 million on net sales of $262.9 million, reflecting a 3.3% decrease from the previous year. The organic sales growth was 1.7%, driven by higher prices but impacted by supply chain constraints. Adjusted EBITDA was $33.8 million, down 6.1% year-over-year. The company lowered its full-year EPS guidance to $3.20 - $3.60 and adjusted EBITDA guidance to $130 million - $140 million, citing macroeconomic challenges like foreign currency volatility and inflation. A dividend increase was announced, marking the 51st consecutive year of growth.
Tennant Company (NYSE: TNC) has announced a 6% increase in its quarterly cash dividend to
Tennant Company (NYSE: TNC) will report its 2022 third quarter results on October 27, 2022, with a conference call scheduled for 10:00 a.m. Central Time. The earnings release will be available before the call on investors.tennantco.com. Founded in 1870 and headquartered in Eden Prairie, Minnesota, Tennant Company is a leader in cleaning solutions, with sales of $1.09 billion in 2021 and around 4,250 employees. The company operates globally, selling products in 15 countries and through distributors in over 100.
Tennant Company (NYSE: TNC) has launched its fourth annual Custodians Are Key campaign, running from September 13 to November 15, 2022. This recognition program honors K-12 custodians in the U.S. and Canada, highlighting their critical role in maintaining safe and clean school environments. Nominations can be made through the Tennant website, with 12 finalists selected, each receiving
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