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TENNANT COMPANY - TNC STOCK NEWS

Welcome to our dedicated page for TENNANT COMPANY news (Ticker: TNC), a resource for investors and traders seeking the latest updates and insights on TENNANT COMPANY stock.

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.

News

Tennant Company to Host Investor Day on May 13, 2024

Rhea-AI Summary
Tennant Company (TNC) will host an Investor Day on May 13, 2024, to discuss growth opportunities, product innovation, and financial performance. The event will feature presentations by top executives and a Q&A session, highlighting Tennant's strong market position and value proposition.
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Tennant Company Acquires Long-Time Distributor of Tennant Equipment to Accelerate Growth in the Central & Eastern Europe Region

Rhea-AI Summary
Tennant Company (TNC) acquires M&F Management and Financing GmbH to enhance growth in the EMEA region. The acquisition of TCS EMEA GmbH provides Tennant with an established sales force and direct access to key markets in Central and Eastern Europe, alongside an expanded network in other countries. The move aligns with Tennant's strategy of strategic acquisitions for growth and value creation in high-growth regions.
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Tennant Company Reports Record 2023 Fourth-Quarter and Full-Year Results

Rhea-AI Summary
Tennant Company (TNC) reports strong financial results for Q4 and full-year 2023 with a 13.9% increase in net sales and a 65.2% rise in net income. The company achieved record full-year net sales, organic growth across all geographies and product categories, and improved adjusted EBITDA margin. Tennant introduced a new product and signed an exclusive technology agreement to enhance its offerings.
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Tennant Company and Brain Corp Sign Exclusive Technology Agreement To Accelerate Robotic Floor Cleaning Innovation and Adoption

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Tennant Company (TNC) invests $32 million in Brain Corp to accelerate the development and adoption of AI-enabled robotic cleaning technologies. The exclusive technology agreement aims to enhance customer ROI, drive AMR revenue growth, and simplify the buying experience by offering all-in-one AMR solutions. Tennant will launch the X4 ROVR, a purpose-built AMR powered by Brain Corp's next-generation technology, to drive robotic cleaning adoption in new market segments.
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Tennant Company Declares Regular Quarterly Cash Dividend

Rhea-AI Summary
Tennant Company (TNC) declares a quarterly cash dividend of $0.28 per share, showcasing its commitment to shareholders. With a rich history dating back to 1870, Tennant is a global leader in creating cleaner, safer, and healthier environments through its innovative solutions. The company reported sales of $1.09 billion in 2022, highlighting its financial strength and stability.
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Tennant Company Recognizes K-12 Custodians, Announcing Top 12 Finalists in Fifth Annual Custodians Are Key Campaign

Rhea-AI Summary
Tennant Company (TNC) announces finalists for the Custodians Are Key program, recognizing outstanding K-12 custodians with awards totaling $15,000. Finalists from the U.S. and Canada selected from 1,400 nominations. Program to conclude in May 2024 with a grand-prize winner receiving $5,000 and their school winning $10,000.
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Tennant Company to Report Fourth Quarter and Full-Year Fiscal 2023 Results on February 22, 2024

Rhea-AI Summary
Tennant Company (TNC) will report its Q4 and full-year fiscal 2023 financial results on February 22, 2024. The company, founded in 1870, is a global leader in cleaning solutions with $1.09 billion in sales in 2022 and approximately 4,250 employees. Tennant operates in 15 countries and through distributors in over 100 countries.
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Tennant Company Unveils New T1581 Ride-on Scrubber Designed for Cleaning in Industrial Settings

Rhea-AI Summary
Tennant Company (NYSE: TNC) introduces the T1581 Ride-on Scrubber, a medium-sized floor cleaning machine designed to revolutionize light industrial cleaning in logistics, retail, and manufacturing industries. The system sets a new standard for cleaning efficiency, productivity, and safety, prioritizing ease of use, efficiency, and safety in floor cleaning. It comes with two scrub head variations, user-friendly controls, and three preset cleaning programs that maximize efficiency. The T1581 is equipped to provide extensive cleaning in expansive environments and helps organizations maintain health and safety with a three-stage vacuum motor.
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Tennant Company Appoints Brock Christianson as Senior Vice President, Chief Human Resources Officer

Rhea-AI Summary
Tennant Company (TNC) Appoints Brock Christianson as Senior VP and Chief HR Officer, signaling a new enterprise strategy focused on growth ambitions. Christianson brings extensive global business and transformation leadership experience from companies like Thrivent, Honeywell International, Medtronic, and Emerson Electric. Tennant, a world leader in cleaner, safer, and healthier solutions, had sales of $1.09 billion in 2022 and approximately 4,250 employees.
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Tennant Company Reports Third Quarter 2023 Results

Rhea-AI Summary
Tennant Company (TNC) reported strong financial results for Q3 2023, with net sales of $304.7 million, a 15.9% increase from Q3 2022. Net income increased by 46.8% to $22.9 million, and diluted EPS increased by 45.8% to $1.21. Adjusted EBITDA was $45.9 million, a 35.8% increase. The company increased its full-year 2023 guidance, expecting net sales between $1.23 billion and $1.25 billion and Adjusted EBITDA between $190 million and $200 million. Tennant also announced a 5.7% increase in its quarterly cash dividend to $0.28 per share.
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FAQ

What is the current stock price of TENNANT COMPANY (TNC)?

The current stock price of TENNANT COMPANY (TNC) is $80.29 as of December 20, 2024.

What is the market cap of TENNANT COMPANY (TNC)?

The market cap of TENNANT COMPANY (TNC) is approximately 1.5B.

What does Tennant Company specialize in?

Tennant Company specializes in designing, manufacturing, and marketing solutions for maintaining indoor and outdoor surfaces. Their products include mechanized cleaning equipment and sustainable cleaning technologies.

What are Tennant's main brands?

Tennant markets its products under several brands including Tennant®, Nobles®, Green Machines®, Orbio®, and Alfa.

Where does Tennant Company operate?

Tennant operates across four major geographic business units: North America, Latin America, Europe, Middle East, Africa, and Asia Pacific.

What business solutions does Tennant offer?

Tennant offers business solutions such as financing, rental, leasing programs, and machine-to-machine asset management solutions through their TennantTrue® suite of services.

How long has Tennant Company been in business?

Tennant Company was established in 1870, making it a well-established player in the cleaning solutions industry for over 150 years.

What is Tennant's vision for the future?

Tennant's vision is to become a global leader in chemical-free cleaning technologies and to continuously innovate solutions that set new industry standards.

How does Tennant ensure superior cleaning performance?

Tennant ensures superior cleaning performance by offering high-quality equipment, parts, service, and maintenance through their TennantTrue® solutions.

What recent achievements has Tennant made?

Tennant's recent achievements include the introduction of cutting-edge equipment and sustainable cleaning solutions that have set new industry standards.

What kind of financial condition is Tennant in?

Tennant maintains a robust financial position, supported by strategic partnerships and a diverse product portfolio.

How does Tennant contribute to environmental sustainability?

Tennant contributes to environmental sustainability by developing chemical-free and other sustainable cleaning technologies that reduce environmental impact.

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TENNANT COMPANY

NYSE:TNC

TNC Rankings

#2173 Ranked by Market Cap
#1597 Ranked by Dividends

TNC Stock Data

1.54B
18.65M
1.19%
95.04%
2.78%
Specialty Industrial Machinery
Refrigeration & Service Industry Machinery
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United States of America
EDEN PRAIRIE