Tennant Stock Price, News & Analysis

Tennant Company (NYSE: TNC) will report its 2021 fourth quarter and full-year results on February 24, 2022, with a conference call at 10:00 a.m. Central Time. The earnings release will be available before the call at investors.tennantco.com. A taped replay and slide presentation will also be accessible afterward. Founded in 1870, Tennant is a leader in cleaning solutions, boasting sales of $1.0 billion in 2020 and a global workforce of approximately 4,300 employees.

Tennant Company (NYSE: TNC) announced a quarterly cash dividend of 25 cents per share, payable on March 15, 2022. Shareholders must be on record by the close of business on March 3, 2022. Founded in 1870 and headquartered in Eden Prairie, Minnesota, Tennant is a leader in quality cleaning solutions, focusing on reducing environmental impact. With sales of $1.0 billion in 2020 and approximately 4,300 employees, the company operates globally, providing various sustainable cleaning technologies.

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.