Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. The company markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.
IPO Year:
Exchange: NYSE
Website: tennantco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/19/2024 | $125.00 | Buy | Northcoast |
| 12/28/2023 | $112.00 | Buy | CL King |
| 11/1/2023 | $100.00 | Market Perform → Market Outperform | CJS Securities |
New outdoor sweeper combines mechanical and vacuum technologies for higher performance across debris types and surfaces with its TwinLift Debris Management System (DMS) Tennant Company (NYSE:TNC) today announced the launch of its latest outdoor sweeper, the Z50 Citadel™ Outdoor Sweeper. The Z50 Citadel delivers exceptional cleaning results, high productivity, and reliable operations for large outdoor spaces, making it an ideal sweeper for industrial sites such as mining, manufacturing, and logistics, as well as municipal settings like urban centers and transportation hubs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202506246
Milestone reflects growing adoption of robotic cleaning technology as organizations look to automation to drive consistency, efficiency, and performance across operations Tennant Company (NYSE:TNC), a world leader in cleaning equipment and solutions, today announced it sold its 10,000th autonomous mobile robot (AMR), reinforcing the company's leadership in robotic cleaning and underscoring the growing global demand for proven, scalable automation for facility management. Today, robotic solutions are a core strategy for organizations looking to maintain high cleaning standards across industrial and commercial environments. This press release features multimedia. View the full release here
Delivered Net Sales of $290 Million on Strong Order Growth While Lapping $50 Million Backlog-Reduction Benefit in the Prior Year Returned $25.8 Million to Shareholders Reaffirms Guidance Tennant Company ("Tennant" or the "Company") (NYSE:TNC) today reported its financial results for the quarter ended March 31, 2025. (In millions, except per share data) Three Months Ended March 31, 2025 2024 Incr / (Decr) Net sales $ 290.0 $ 311.0 (6.8 )% Net income $ 13.1 $ 28.4 (53.9 )% Diluted EPS $ 0.69 $ 1.49 (53.7 )%
Directors of Tennant Company (NYSE:TNC) today declared a regular quarterly cash dividend of $0.295 per share payable June 16, 2025, to shareholders of record at the close of business on May 30, 2025. Company Profile Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant's global field service network is the most extensive in the ind
Tennant Company (NYSE:TNC) today announced that the company will report its first quarter 2025 financial results after the market closes on Wednesday, April 30, 2025, with a conference call to follow at 10:00 a.m. Eastern Time/9 a.m. Central Time on Thursday, May 1, 2025. The conference call will be webcast and can be accessed on the company's website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the company's website. Company Profile Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world
Built for commercial and light-industrial environments, the mid-sized robotic scrubber delivers maximum floor coverage with minimal human assists to meet rising demands for smarter cleaning Tennant Company (NYSE:TNC), a world leader in cleaning equipment and solutions, today announced the launch of the X6 ROVR, its new mid-sized autonomous floor scrubber engineered to clean up to 75,000 square feet per cycle. Expanding on the proven performance of the compact X4 ROVR, the X6 ROVR is designed to meet the scale and complexity of larger commercial and light-industrial environments. The X6 ROVR includes an optional new Tennant XC1 docking station, allowing the machine to recharge between clean
Record Full-Year Net Sales and Adjusted EBITDA Expanded Adjusted EBITDA Margin to 16.2% Introduces Full-Year Guidance for 2025 Tennant Company ("Tennant" or the "Company") (NYSE:TNC) today reported its fourth-quarter and full-year financial results for 2024. (In millions, except per share data) Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 Incr / (Decr) 2024 2023 Incr / (Decr) Net sales $ 328.9 $ 311.4 5.6 % $ 1,286.7 $ 1,243.6 3.5 % Net income $ 6.6
Directors of Tennant Company (NYSE:TNC) authorized a new share repurchase program of up to 2,000,000 shares of the Company's common stock, effective February 11, 2025. "The Board's authorization of a 2,000,000 share repurchase program demonstrates our confidence in Tennant's strategic direction and our commitment to returning capital to shareholders," said Dave Huml, Tennant President and Chief Executive Officer. "This initiative highlights our strong financial position and dedication to disciplined capital allocation, aiming to enhance shareholder returns while continuing to invest in growth opportunities." This authorization is in addition to approximately 580,000 shares remaining und
Directors of Tennant Company (NYSE:TNC) today declared a regular quarterly cash dividend of $0.295 per share payable March 14, 2025, to shareholders of record at the close of business on February 28, 2025. Company Profile Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant's global field service network is the most extensive in
Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced the appointment of Fay West to its Board of Directors, effective February 6, 2025. Ms. West brings over two decades of financial leadership experience across various industries. Since April 2021, she has served as Senior Vice President and Chief Financial Officer at Tennant Company (NYSE:TNC), a global leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, and healthier world. Peter J. Gundermann, Chairman, President and CEO, commented, "We are thrilled to welcome Fay to our Board of Director
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Northcoast initiated coverage of Tennant with a rating of Buy and set a new price target of $125.00
CL King initiated coverage of Tennant with a rating of Buy and set a new price target of $112.00
CJS Securities upgraded Tennant from Market Perform to Market Outperform and set a new price target of $100.00
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Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced the appointment of Fay West to its Board of Directors, effective February 6, 2025. Ms. West brings over two decades of financial leadership experience across various industries. Since April 2021, she has served as Senior Vice President and Chief Financial Officer at Tennant Company (NYSE:TNC), a global leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, and healthier world. Peter J. Gundermann, Chairman, President and CEO, commented, "We are thrilled to welcome Fay to our Board of Director
Additions Butler, Eicher & Flanagan bring diverse experience, financial acumen Pinnacle West Capital Corp. (NYSE:PNW) announced today that its board of directors has elected three new members to the company's board: Ronald Butler Jr., a "Big 4" public accounting firm managing partner with more than 32 years of diverse management and executive leadership experience; Carol S. Eicher, a seasoned executive who has served in multiple board leadership roles with both public and private equity-backed businesses; and Susan T. Flanagan, an executive with a broad and accomplished career spanning various sectors, including regulated utilities, energy and renewables, finance and capital markets, and
Mark W. Sheahan, President and Chief Executive Officer of Graco Inc., Joins Tennant Company Board of Directors Tennant Company (NYSE:TNC), a world leader in the design, manufacture and marketing of solutions to reinvent how the world cleans, today announced the appointment of Mark W. Sheahan, President and Chief Executive Officer of Graco Inc. (NYSE:GGG), to the Tennant Company Board of Directors, effective May 15, 2024. Mr. Sheahan is the CEO of Graco Inc., a global manufacturer of products and solutions for the management of fluids and coatings. With nearly three decades of experience leading high-performing organizations and serving on boards, he has expertise in global manufacturing
Tennant Company ("Tennant") (NYSE:TNC), a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer, healthier world, today announced it has appointed Brock Christianson as the Company's Senior Vice President, Chief Human Resources Officer, effective November 27. Mr. Christianson was previously Vice President, Organizational Planning, Analytics and Operations for Thrivent. "Brock is an accomplished HR leader with extensive experience in global business and transformation leadership, acquisitions and divestures, establishing high-performing global teams and building world-class human resources solutions," said Dave Huml, Tennant Company's Presiden
Andrew P. Hider, Chief Executive Officer of ATS Automation, Joins Tennant Company Board of Directors Tennant Company (NYSE:TNC), a world leader in the design, manufacture and marketing of solutions to reinvent how the world cleans, today announced the appointment of Andrew P. Hider, Chief Executive Officer and board member of ATS Automation Tooling Systems, Inc. (TSX:ATA), to the Tennant Company Board of Directors, effective August 3, 2022. Mr. Hider is the CEO of ATS Automation, a global leader in automation solutions technologies. An experienced executive with a track record of success, he has expertise in creating shareholder value by driving strategic clarity, business growth and oper
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (“Tennant”) (NYSE: TNC), a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer, healthier world, today announced it has appointed Fay West as the Company’s Senior Vice President and Chief Financial Officer, effective April 15. Ms. West was previously Senior Vice President and Chief Financial Officer of SunCoke Energy, Inc. West replaces Thomas Paulson, who has served as interim CFO since January 2021. “Fay is an accomplished finance executive with extensive experience in accounting, financial reporting and analysis and controls, and demonstrated leadership skills in implementing continu
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (“Tennant”) (NYSE: TNC), a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer, healthier world, today announced it has appointed Barb Balinski as the Company’s senior vice president of innovation and technology. Ms. Balinski was previously vice president of engineering, overseeing Tennant’s global engineering team. “We are excited to have Barb step into this important role on our enterprise leadership team. She has led the R&D team to make significant contributions to Tennant’s success in the past and is a well-respected member of our global leadership team,” said Dave Huml, Tennant Co
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in the design, manufacture and marketing of solutions to reinvent how the world cleans, today announced the appointment of Tim Morse, former Chief Executive Officer of Ten-X, to the Tennant Company Board of Directors, effective February 17, 2021. Mr. Morse led Ten-X, an online real estate marketplace company, from 2015 to 2018, and served as the company’s Chief Financial Officer prior to his appointment as the Chief Executive Officer. Prior to his tenure with Ten-X, he held various senior leadership positions with Yahoo! Inc., including Chief Financial Officer and Interim Chief Executive Officer, as well as
Delivered Net Sales of $290 Million on Strong Order Growth While Lapping $50 Million Backlog-Reduction Benefit in the Prior Year Returned $25.8 Million to Shareholders Reaffirms Guidance Tennant Company ("Tennant" or the "Company") (NYSE:TNC) today reported its financial results for the quarter ended March 31, 2025. (In millions, except per share data) Three Months Ended March 31, 2025 2024 Incr / (Decr) Net sales $ 290.0 $ 311.0 (6.8 )% Net income $ 13.1 $ 28.4 (53.9 )% Diluted EPS $ 0.69 $ 1.49 (53.7 )%
Directors of Tennant Company (NYSE:TNC) today declared a regular quarterly cash dividend of $0.295 per share payable June 16, 2025, to shareholders of record at the close of business on May 30, 2025. Company Profile Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant's global field service network is the most extensive in the ind
Tennant Company (NYSE:TNC) today announced that the company will report its first quarter 2025 financial results after the market closes on Wednesday, April 30, 2025, with a conference call to follow at 10:00 a.m. Eastern Time/9 a.m. Central Time on Thursday, May 1, 2025. The conference call will be webcast and can be accessed on the company's website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the company's website. Company Profile Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world
Record Full-Year Net Sales and Adjusted EBITDA Expanded Adjusted EBITDA Margin to 16.2% Introduces Full-Year Guidance for 2025 Tennant Company ("Tennant" or the "Company") (NYSE:TNC) today reported its fourth-quarter and full-year financial results for 2024. (In millions, except per share data) Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 Incr / (Decr) 2024 2023 Incr / (Decr) Net sales $ 328.9 $ 311.4 5.6 % $ 1,286.7 $ 1,243.6 3.5 % Net income $ 6.6
Directors of Tennant Company (NYSE:TNC) today declared a regular quarterly cash dividend of $0.295 per share payable March 14, 2025, to shareholders of record at the close of business on February 28, 2025. Company Profile Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant's global field service network is the most extensive in
Tennant Company (NYSE:TNC) today announced that the company will report its fourth quarter and full-year fiscal 2024 financial results after the market closes on Monday, February 17, 2025, with a conference call to follow at 10:00 a.m. Eastern Time/9 a.m. Central Time on Tuesday, February 18, 2025. The conference call will be webcast and can be accessed on the company's website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the company's website. Company Profile Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a clean
Delivers Net Sales Growth Reaffirms 2024 Guidance Tennant Company ("Tennant" or the "Company") (NYSE:TNC) today reported its financial results for the quarter ended September 30, 2024. (In millions, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 Incr / (Decr) 2024 2023 Incr / (Decr) Net sales $ 315.8 $ 304.7 3.6 % $ 957.8 $ 932.2 2.7 % Net income $ 20.8 $ 22.9 (9.2 )% $ 77.1 $ 78.5 (1.8 )% Dil
Marks 53rd Consecutive Increase in Annual Cash Dividend The Board of Directors of Tennant Company (NYSE:TNC) today authorized raising the quarterly cash dividend to $0.295 per share, a 5.4% increase. The increased dividend is payable December 16, 2024, to shareholders of record at the close of business on November 29, 2024. "We take pride in our strong dividend legacy and remain committed to delivering long-term value for our shareholders in line with our capital allocation priorities. Our strong balance sheet and solid free cash flow position enable us to consistently grow our dividend and return capital to shareholders," said Tennant Company President and CEO Dave Huml. Tennant Company
Tennant Company (NYSE:TNC) today announced that the company will report its third quarter 2024 financial results after the market closes on October 31, 2024, with a conference call to follow at 10:00 a.m. Eastern Time/9:00 a.m. Central Time on Friday, November 1, 2024. The conference call will be webcast and can be accessed on the company's website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the company's website. Company Profile Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. I
Delivers Net Sales and Adjusted EBITDA Growth Increases Full-Year 2024 Guidance Tennant Company ("Tennant" or the "Company") (NYSE:TNC) today reported its financial results for the quarter ended June 30, 2024. (In millions, except per share data) Three Months Ended June 30, 2024 2023 Increase / (Decrease) Net sales $ 331.0 $ 321.7 2.9 % Net income $ 27.9 $ 31.3 (10.9 )% Diluted EPS $ 1.45 $ 1.68 (13.7 )%