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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) 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.
Tennant Company (NYSE: TNC) has launched the T291 small walk-behind scrubber in North America. This versatile machine combines cleaning power and maneuverability, making it suitable for both hard-to-reach spaces and open areas in mid-size retail, healthcare, and education environments. The T291 features:
- A 20-inch scrub path with high water pickup
- Intuitive controls for easy operation
- Self-leveling scrub head
- 2-stage vacuum motor
- Optional ec-H2O NanoClean® with Severe Environment™ technology
- ECO mode for extended battery life
The machine is designed for easy maintenance with a large recovery tank lid opening, simple brush/pad replacement, and clearly labeled maintenance touchpoints. Tennant Company aims to address challenges faced by facilities with time, staff, and resources through this efficient and user-friendly scrubber.
Tennant Company (NYSE: TNC), a global leader in floor cleaning, has launched the Cleaning All-Star Sweepstakes to celebrate custodial heroes across various industries. The sweepstakes aims to recognize cleaning professionals who make a significant impact in creating safe and inviting environments in facilities such as manufacturing plants, schools, retail stores, warehouses, and hospitals.
Key details of the Q4 2024 Sweepstakes:
- Nomination period: September 16 - October 31, 2024
- 75 winners will be randomly selected
- Winners receive a letter, certificate, and $100 gift card
- Nominators of winners receive a letter and $25 gift card
The initiative highlights Tennant's commitment to honoring the often-overlooked contributions of cleaning staff who enhance the health, safety, and comfort of communities. Participation is open to U.S. residents, with no purchase necessary to enter or win.
Tennant Company (NYSE: TNC) reported Q2 2024 financial results, showing net sales growth of 2.9% to $331.0 million and Adjusted EBITDA growth of 1.7% to $58.6 million. The company increased its full-year 2024 guidance, now expecting net sales between $1,280 million and $1,305 million. Key highlights include:
- Organic sales growth of 2.7%, driven by strong pricing realization
- Operating cash flow of $18.6 million
- Returned $13.3 million to shareholders through dividends and share repurchases
- Published 2024 Sustainability Report
- Refinanced debt agreement, increasing revolving credit facility limit to $650 million
The company reported strong performance in the Americas region but faced challenges in EMEA and APAC markets.
Tennant Company (NYSE: TNC), a global leader in surface maintenance solutions, has declared a regular quarterly cash dividend of $0.28 per share. The dividend is payable on September 16, 2024, to shareholders of record as of August 30, 2024. Founded in 1870, Tennant Company specializes in designing, manufacturing, and marketing equipment for maintaining surfaces in various environments, as well as sustainable cleaning technologies and supplies. The company reported sales of $1.24 billion in 2023 and employs approximately 4,500 people globally. Tennant operates manufacturing facilities worldwide and sells products directly in 15 countries, with distribution in over 100 countries.
Tennant Company (NYSE: TNC) has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024, before the market opens. The company will host a conference call at 10:00 a.m. Eastern Time/9 a.m. Central Time to discuss the results. Investors can access the webcast and accompanying slides on the company's website at investors.tennantco.com.
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 in 15 countries directly and through distributors in over 100 countries.
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