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Tennant Company (symbol: TNC) is a renowned leader in designing, manufacturing, and marketing solutions aimed at fostering a cleaner, safer, and healthier world. Established in 1870 by George H. Tennant as a woodworking enterprise, it has evolved into a global innovator in cleaning technology.
Tennant's core business revolves around providing advanced solutions for maintaining indoor and outdoor surfaces. Their product lineup includes mechanized cleaning equipment, sustainable cleaning technologies, aftermarket parts, consumables, and specialized surface coatings. Additionally, they offer comprehensive business solutions such as financing, rental, leasing programs, and machine-to-machine asset management solutions through their TennantTrue® suite of services.
The company markets its products under several brands including Tennant®, Nobles®, Green Machines®, Orbio®, and Alfa. Tennant operates across four major geographic business units: North America, Latin America, Europe, Middle East, Africa, and Asia Pacific.
With a steadfast commitment to innovation, Tennant has made significant strides in chemical-free cleaning technologies. Their vision to become a global leader in this domain is reflected in their continuous pursuit of new advancements. Tennant's recent achievements include the introduction of cutting-edge equipment and sustainable cleaning solutions that set new industry standards.
Financially, Tennant maintains a robust position, supported by strategic partnerships and a diverse product portfolio. The company's dedication to quality and performance ensures that their products deliver superior cleaning results, meeting the evolving needs of their customers worldwide.
For the latest updates and relevant information about Tennant Company's performance, events, and developments, stay tuned to our news section.
Tennant Company (NYSE: TNC) reported its Q4 and full-year 2024 financial results, achieving record full-year net sales of $1,286.7 million, up 3.5% from 2023. The company's organic growth of 3.2% was driven by price growth across regions and volume growth in the Americas.
Q4 net sales increased 5.6% to $328.9 million, with organic growth of 6.3% led by volume growth in Americas and EMEA. Full-year adjusted EBITDA reached $208.8 million, an 8.2% increase, with margin expanding to 16.2%. However, net income decreased to $83.7 million, down 23.6% from 2023.
The company generated $89.7 million in operating cash flow and returned $41.0 million to shareholders through dividends and share repurchases. The Board authorized a new 2,000,000 share repurchase program. For 2025, Tennant expects organic net sales to decline between 1% to 4%, but anticipates margin expansion through cost management and operating efficiencies.
Tennant Company (NYSE: TNC) has announced a new share repurchase program authorizing the buyback of up to 2 million shares of common stock, effective February 11, 2025. This is in addition to approximately 580,000 shares remaining under the current repurchase program.
The company, which reported sales of $1.24 billion in 2023, will conduct the repurchases through open-market and privately negotiated transactions. The timing and amount of repurchases will be determined by market conditions and other corporate considerations. Tennant currently has approximately 18.8 million shares outstanding.
Tennant Company, founded in 1870 and headquartered in Eden Prairie, Minnesota, is a global leader in surface maintenance equipment, sustainable cleaning technologies, and cleaning supplies. The company employs approximately 4,500 people and operates through direct sales in 21 countries and distributors in over 100 countries.
Tennant Company (NYSE: TNC) has declared a regular quarterly cash dividend of $0.295 per share, payable on March 14, 2025, to shareholders of record as of February 28, 2025. The company, founded in 1870 and headquartered in Eden Prairie, Minnesota, specializes in designing and manufacturing cleaning solutions and equipment for industrial, commercial, and outdoor environments.
Tennant reported sales of $1.24 billion in 2023 and employs approximately 4,500 people globally. The company maintains the industry's most extensive field service network, with direct sales operations in 21 countries and distribution channels in over 100 countries worldwide.
Astronics (ATRO) has appointed Fay West to its Board of Directors, effective February 6, 2025. West currently serves as Senior Vice President and CFO at Tennant Company (TNC) since April 2021, bringing over 20 years of financial leadership experience. She previously held the same position at SunCoke Energy and leadership roles at United Continental Holdings, PepsiAmericas, and GATX Rail Company.
West also serves as an independent director at Quaker Houghton (KWR) and is a former certified public accountant with a bachelor's degree in accounting from DePaul University. With her appointment, Astronics' Board now consists of nine members, with eight being independent directors.
Tennant Company (NYSE: TNC) has announced it will release its fourth quarter and full-year fiscal 2024 financial results after market close on Monday, February 17, 2025. The company will host a conference call to discuss the results on Tuesday, February 18, 2025, at 10:00 a.m. Eastern Time.
Founded in 1870, Tennant is a global leader in surface maintenance equipment, sustainable cleaning technologies, and cleaning supplies. The company reported sales of $1.24 billion in 2023 and employs approximately 4,500 people. Tennant maintains manufacturing operations worldwide and sells products directly in 21 countries, with distributor presence in over 100 countries.
Tennant Company (NYSE: TNC) has announced the launch of lithium-ion battery-powered versions of its T12 and T16 scrubbers, available from December 10, 2024. The new models feature extended runtimes of three to six hours, outperforming standard lead-acid batteries. The innovation offers significant benefits including extended battery lifespan, reduced maintenance, and enhanced operator safety.
The lithium-ion batteries provide key advantages such as opportunity charging capability, maintenance-free operation, reduced operational costs with 2,000+ charge cycle lifespan, and lower environmental impact through increased energy storage efficiency. This development aligns with Tennant's sustainability framework aimed at achieving net zero greenhouse gases in operations and supply chain by 2040.
Tennant Company (NYSE: TNC) reported Q3 2024 financial results with net sales of $315.8 million, up 3.6% year-over-year. The company achieved an Adjusted EBITDA of $47.9 million, representing a 4.4% increase. Net income decreased 9.2% to $20.8 million, while adjusted diluted EPS grew 3.7% to $1.39. Growth was driven by strong pricing across regions and volume growth in Americas, though partially offset by declines in EMEA and APAC. The company generated $30.7 million in operating cash flow and reaffirmed its 2024 guidance, projecting net sales of $1,280-$1,305 million with organic growth of 2.5-4.5%.
Tennant Company (NYSE: TNC) announced a 5.4% increase in its quarterly cash dividend to $0.295 per share, payable December 16, 2024, to shareholders of record as of November 29, 2024. This marks the company's 53rd consecutive annual dividend increase and 80th year of consecutive dividend payments. The company, founded in 1870, reported sales of $1.24 billion in 2023 and employs approximately 4,500 people globally. Tennant manufactures surface maintenance equipment and cleaning solutions, operating through direct sales in 20 countries and distributors in over 100 countries.
Tennant Company (NYSE: TNC) has announced that it will release its third quarter 2024 financial results after market close on October 31, 2024. A conference call to discuss the results is scheduled for November 1, 2024, at 10:00 a.m. Eastern Time/9:00 a.m. Central Time. The call will be webcast and accessible on the company's investor relations website, with a replay and accompanying slides available afterward.
Tennant Company, founded in 1870 and headquartered in Eden Prairie, Minnesota, is a global leader in designing, manufacturing, and marketing solutions for cleaner, safer, and healthier environments. The company reported sales of $1.24 billion in 2023 and employs approximately 4,500 people worldwide. Tennant operates manufacturing facilities globally and sells products directly in 20 countries, with distribution in over 100 countries.
Tennant Company (NYSE: TNC) has announced a refreshed approach to its corporate giving strategy, aligning with its Thriving People. Healthy Planet. sustainability framework. The new strategy focuses on three key areas: workforce development, environmental sustainability, and fostering vibrant communities and shared spaces.
As part of this initiative, Tennant has committed to a $250,000 corporate sponsorship of the 2024 Habitat for Humanity Carter Work Project. The company will continue its participation in the Minnesota Keystone Program, which recognizes companies donating at least 2% of their pre-tax U.S. earnings to charitable organizations.
The Tennant Foundation, established in 1972, will play a key role in supporting these enhanced giving strategies, focusing on education, social services, and environmental stewardship.
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