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 (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
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
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.