Welcome to our dedicated page for Tennant news (Ticker: TNC), a resource for investors and traders seeking the latest updates and insights on Tennant stock.
Tennant Company (NYSE: TNC) is a manufacturer of cleaning equipment and technologies used in industrial, commercial and outdoor environments, and this news page aggregates its disclosed updates for investors and observers. Company news releases cover topics such as quarterly financial results, dividend declarations, product launches and milestones in robotic cleaning.
Regular earnings announcements provide detail on Tennant’s net sales, net income, adjusted EBITDA and regional performance across the Americas, EMEA and APAC. These releases also discuss factors influencing results, including pricing, volume, product mix, foreign currency and macroeconomic conditions such as tariffs and demand trends. Management commentary often highlights order growth, gross margin dynamics, cost management and the company’s use of non-GAAP measures to evaluate operating performance.
Product-focused news includes introductions like the Z50 Citadel Outdoor Sweeper and the T360 walk-behind scrubber, which illustrate Tennant’s efforts to address specific cleaning needs in industrial sites, municipal settings and high-traffic indoor environments. Other announcements showcase Tennant’s progress in robotic cleaning, including reaching the milestone of selling 10,000 autonomous mobile robot scrubbers and expanding its AMR portfolio.
Dividend and capital allocation updates appear in separate releases, where Tennant reports on regular quarterly cash dividends and long-running patterns of dividend payments and increases. Together, these items give readers insight into how the company balances investment in areas such as ERP modernization and product development with returning capital to shareholders. Investors and researchers can use this news feed to follow Tennant’s financial performance, product evolution and strategic priorities over time.
Tennant Company (NYSE: TNC) has appointed Mark W. Sheahan, President and CEO of Graco Inc. (NYSE: GGG), to its Board of Directors, effective May 15, 2024. Sheahan brings nearly three decades of experience in global manufacturing, strategic growth, technology-driven product development, and financial strategy. Dave Huml, Tennant's President and CEO, expressed confidence that Sheahan's expertise will significantly contribute to the company's long-term success. Tennant Company, a leader in cleaning solutions, reported $1.24 billion in sales in 2023 and employs approximately 4,500 people worldwide.
Tennant Company (NYSE: TNC) announced Izet Subasic, a custodian at Saint Ambrose on the Hill Catholic School in Missouri, as the grand-prize winner in its 2023-2024 Custodians Are Key program. Standing out from over 1,700 nominations, Izet and his school received a total award of $15,000 during a celebration on May 10, 2024. This recognition highlights Izet's dedication to creating a supportive and clean environment for students and staff. The Custodians Are Key program, now in its fifth year, celebrates the vital role of K-12 custodians across the U.S. and Canada. Tennant Company, a leader in sustainable cleaning solutions, reported sales of $1.24 billion in 2023.
Tennant Company (NYSE: TNC) is hosting an Investor Day at NYSE with financial analysts and institutional investors to discuss business strategy and growth outlook. The company, founded in 1870, is a global leader in cleaner, safer, and healthier solutions with $1.24 billion sales in 2023.
Tennant Company (NYSE: TNC) announced senior leadership updates with Barbara A. Balinski appointed as Senior Vice President, Chief Transformation Officer, and Patrick W. Schottler as Senior Vice President, Chief Marketing and Technology Officer, to drive ERP transformation and product innovation. Balinski will lead the business process transformation initiative while Schottler focuses on product innovation and disruptive technologies. The company aims to consolidate and modernize business processes through an organization-wide SAP conversion. Balinski's experience in leading R&D, Marketing, and IT functions will be important to the success of this initiative. Schottler, with his cross-functional expertise, will manage the company's growing portfolio of brands, innovation pipeline, product lifecycle management, and disruptive technologies to drive enterprise growth.
Tennant Company reported strong financial results for the first quarter of 2024, with net sales of $311.0 million, an increase of 1.7% year-over-year. The company achieved a net income growth of 16.9% and an adjusted EBITDA margin of 17.7%, marking a 200 basis points improvement. Tennant also acquired TCS EMEA GmbH to accelerate growth in the EMEA region and invested in Brain Corp for AI-enabled robotic cleaning technologies. The company reaffirmed its 2024 guidance ranges and continues to focus on operational efficiency and strategic acquisitions.
Tennant Company, a global leader in cleaning solutions, expands its i-mop product line internationally, partnering with i-team Global to offer innovative cleaning solutions to Brazil, France, Portugal, and Spain. The i-mop family revolutionizes cleaning with mechanized scrubbers for small spaces, offering efficiency, sustainability, and ease of use.
Tennant Company (NYSE: TNC) declared a regular quarterly cash dividend of $0.28 per share, payable June 14, 2024, to shareholders of record on May 31, 2024. Founded in 1870, Tennant is a global leader in cleaner and healthier world solutions with sales of $1.24 billion in 2023.
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