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.
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.
Tennant Company (TNC) reported record net income of $64.9 million for the full year 2021, driven by 9.1% organic sales growth, totaling $1.09 billion in net sales. The fourth quarter saw a net income of $7.9 million with 4.5% organic growth. Adjusted EBITDA for the year was $140.2 million (12.9% margin). Tennant anticipates a challenging 2022, with GAAP earnings guidance of $3.90 to $4.50 per diluted share and adjusted EBITDA forecast between $145 million to $160 million. Despite macroeconomic pressures, demand for products has rebounded to pre-pandemic levels.
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.