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 |
|---|---|---|---|
| 12/28/2023 | $112.00 | Buy | CL King |
| 11/1/2023 | $100.00 | Market Perform → Market Outperform | CJS Securities |
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EF Hutton analyst Tim Moore maintains Tennant (NYSE:TNC) with a Buy and announces $150 price target.
Tennant (NYSE:TNC) reported quarterly earnings of $1.81 per share which beat the analyst consensus estimate of $1.42 by 27.46 percent. The company reported quarterly sales of $311.000 million which beat the analyst consensus estimate of $310.467 million by 0.17 percent. This is a 1.70 percent increase over sales of $305.800 million the same period last year.
EF Hutton analyst Tim Moore maintains Tennant (NYSE:TNC) with a Buy and maintains $140 price target.
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On Friday, Tennant Company (NYSE:TNC) announced that it has acquired M&F Management and Financing, the parent company of TCS EMEA, as Tennant seeks to accelerate growth in the EMEA region. Terms of the transaction were not disclosed. The acquisition gives Tennant an established direct channel into countries including Romania, Hungary, the Czech Republic, and Slovakia. Under the deal, the company will also have an expanded network in Austria, Switzerland, Poland, and other nations in the region, as well as the Middle East and Africa. The acquisition aligns with Tennant’s strategy of investing in firms possessing commercial capabilities. This move aims to extend Tennant’s cleaning sol
Tennant Company (NYSE:TNC), a world leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, healthier world, today announced that it has acquired M&F Management and Financing GmbH ("M&F"), the parent company of TCS EMEA GmbH ("TCS"), as Tennant seeks to accelerate growth in the EMEA region. Based in Austria, TCS is Tennant Company's largest Central and Eastern Europe distributor. The acquisition gives Tennant a knowledgeable and experienced sales force and an established direct channel into countries including Romania, Hungary, Czech Republic, and Slovakia, along with an expanded network in Austria, Switzerland, Poland, and other nations in the region,
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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
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
The small scrubber combines power and maneuverability to provide a versatile cleaning experience, complete with simple maintenance Tennant Company (NYSE:TNC), a world leader in cleaning equipment and solutions, today announced the launch of its new T291 small walk-behind scrubber into the North America market. Designed for use in both hard-to-reach spaces and open areas, the T291 is a walk-behind scrubber built to simplify and improve facility management by combining cleaning power and maneuverability. The T291's versatility and small size make it an excellent fit for mid-size retail, healthcare, and education environments. Operators will not only see a difference in the quality of their c
New sweepstakes shines a spotlight on cleaning professionals across all industries, honoring their crucial role in creating safe and inviting environments As a global leader in the floor cleaning industry, Tennant Company (NYSE:TNC) has worked with thousands of cleaning professionals and has seen their hard work and community impact first-hand. And that is why Tennant set out with a single goal — to celebrate and recognize the dedication of cleaning staff through the launch of the Cleaning All-Star Sweepstakes. The new sweepstakes will recognize cleaning professionals from all types of facilities who make a difference by cleaning manufacturing plants, schools, retail stores, warehouses, ho
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 )%
Directors of Tennant Company (NYSE:TNC) today declared a regular quarterly cash dividend of $0.28 per share payable September 16, 2024, to shareholders of record at the close of business on August 30, 2024. 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 i
Tennant Company (NYSE:TNC) today announced that the company will report its second quarter 2024 financial results before the market opens on Thursday, August 8, 2024, with a conference call to follow at 10:00 a.m. Eastern Time/9 a.m. Central Time. 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. Its products include
Highlights First Year of Reporting on New Sustainability Framework in a Record Year for the Company Tennant Company (NYSE:TNC),, a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, has released its annual Sustainability Report. The report, detailing achievements for the 2023 fiscal year, also marks the first year of reporting on the company's Thriving People. Healthy Planet. sustainability framework. "Our Thriving People. Healthy Planet. framework is rooted in our daily activity to integrate sustainability into every aspect of our business," said President and CEO Dave Huml. "We're proud of the work we've accomplished and of the bold goa
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
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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 )%
Directors of Tennant Company (NYSE:TNC) today declared a regular quarterly cash dividend of $0.28 per share payable September 16, 2024, to shareholders of record at the close of business on August 30, 2024. 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 i
Tennant Company (NYSE:TNC) today announced that the company will report its second quarter 2024 financial results before the market opens on Thursday, August 8, 2024, with a conference call to follow at 10:00 a.m. Eastern Time/9 a.m. Central Time. 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. Its products include
Delivers Net Sales and Strong Net Income Growth Expands Adjusted EBITDA Margin Tennant Company ("Tennant" or the "Company") (NYSE:TNC) today reported its financial results for the quarter ended March 31, 2024. (In millions, except per share data) Three Months Ended March 31, 2024 2023 Increase Net sales $ 311.0 $ 305.8 1.7 % Net income $ 28.4 $ 24.3 16.9 % Diluted EPS $ 1.49 $ 1.30 14.6 %
Directors of Tennant Company (NYSE:TNC) today declared a regular quarterly cash dividend of $0.28 per share payable June 14, 2024, to shareholders of record at the close of business on May 31, 2024. Company Profile Founded in 1870, Tennant Company (NYSE: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 innovative 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 ext
Tennant Company (NYSE:TNC) today announced that the company will report its first quarter 2024 financial results before the market opens on Friday, May 3, 2024, with a conference call to follow at 11:00 a.m. Eastern Time/10 a.m. Central Time. 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 (NYSE: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 innovative produc
Tennant Company (NYSE:TNC), a world leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, healthier world, today announced that it has acquired M&F Management and Financing GmbH ("M&F"), the parent company of TCS EMEA GmbH ("TCS"), as Tennant seeks to accelerate growth in the EMEA region. Based in Austria, TCS is Tennant Company's largest Central and Eastern Europe distributor. The acquisition gives Tennant a knowledgeable and experienced sales force and an established direct channel into countries including Romania, Hungary, Czech Republic, and Slovakia, along with an expanded network in Austria, Switzerland, Poland, and other nations in the regio
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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