TENNANT COMPANY - TNC STOCK NEWS

Tennant Company (NYSE: TNC) reported a strong first-quarter performance for 2021, with net sales of $263.3 million, up 3.1% year-over-year on an organic basis. Net income surged to $25.7 million ($1.37 per diluted share), compared to $5.2 million ($0.28 per diluted share) in Q1 2020. Adjusted EBITDA increased to $40.7 million, representing 15.5% of sales. Cash flow from operations rose to $18.4 million. Tennant anticipates net sales between $1.090 billion and $1.110 billion for 2021, reflecting a 9-11% organic growth, driven by recovery from pandemic impacts.

Tennant Company (TNC) has declared a quarterly cash dividend of 23 cents per share, scheduled for payment on June 15, 2021, to shareholders recorded by the close of business on May 31, 2021. Founded in 1870 and based in Minneapolis, Tennant is a leader in designing and manufacturing sustainable cleaning solutions. In 2020, the company reported sales of $1.0 billion and employs approximately 4,300 people globally. Its extensive product lineup includes equipment for various environments and focuses on reducing environmental impact.

Tennant Company (NYSE: TNC) will release its first quarter 2021 financial results on May 4, 2021. A conference call to discuss these results is scheduled for 10:00 a.m. Central Time on the same day, with the earnings release available beforehand on investors.tennantco.com. Participants can listen to the live call and view the slides by accessing the website 10 minutes prior. A replay will also be available post-call on the same platform.

Founded in 1870, Tennant is a leader in cleaning solutions, reporting $1.0 billion in sales for 2020.

Tennant Company (NYSE: TNC) announced the appointment of Fay West as its Senior Vice President and Chief Financial Officer, effective April 15. West, who has extensive finance experience, replaces interim CFO Thomas Paulson. CEO Dave Huml praised West’s leadership and background, emphasizing the company's strong position as global markets recover. West’s compensation includes a total grant date fair value of $848,000 in long-term incentive equity awards and a $1.1 million one-time restricted stock unit award, highlighting the company’s commitment to attracting top talent.

Tennant Company (NYSE: TNC) has launched the T16AMR Robotic Floor Scrubber, its largest autonomous cleaning machine to date. Designed for larger facilities, it features a wider scrub path and higher tank capacity, enhancing cleaning efficiency while reducing total ownership costs. The T16AMR operates autonomously without direct control, helping address staff shortages and increased cleaning needs. It includes a lithium-ion power option, eco-friendly cleaning technology, and advanced onboard diagnostics. Units will start shipping in April across the U.S. and Canada.

Tennant Company (TNC), a leader in cleaning solutions, reported sales of $1 billion in 2020 and operates globally with approximately 4,300 employees. The company focuses on sustainable cleaning technologies and has an extensive field service network. Manufacturing facilities are located worldwide, with direct sales in 15 countries and distribution in over 100. Headquartered in Minneapolis, Minnesota, Tennant aims to reduce environmental impact while enhancing cleaning performance. For more details, visit www.tennantco.com.

Tennant Company (NYSE: TNC) has appointed Barb Balinski as Senior Vice President of Innovation and Technology. Previously Vice President of Engineering, Balinski has significantly contributed to the company's success, leading the R&D team responsible for the development of autonomous robot programs. CEO Dave Huml emphasized her role in delivering value and assisting in the company's enterprise strategies for profitable growth. With an extensive background in engineering leadership at Whirlpool and Saturn Corporation, Balinski's expertise is expected to enhance Tennant’s innovation pipeline.

Tennant Company (TNC) reported its fourth-quarter and full-year results for 2020, with net sales of $1.0 billion, down from $1.14 billion in 2019 due to the COVID-19 pandemic. Net income decreased to $33.7 million ($1.81 per diluted share) compared to $45.8 million ($2.48 per diluted share) in the previous year. The fourth-quarter sales fell to $273.0 million, a 7.4% decline year-over-year. However, the company generated $133.8 million in cash flow from operations and reduced debt by $31.1 million. For 2021, Tennant forecasts net sales between $1.050 billion and $1.080 billion.

Tennant Company (NYSE: TNC) has launched the T16AMR Robotic Floor Scrubber, its largest autonomous cleaning machine, targeting logistics and manufacturing sectors. This innovative scrubber is the first in the industry built on an industrial scrubber platform, enabling efficient cleaning and reduced ownership costs. Pre-orders are now open, with shipments starting in April. Powered by BrainOS®, the T16AMR enhances cleaning efficiency and supports lean maintenance teams. Tennant has been a pioneer in robotic cleaning since 2018, consistently innovating to meet modern cleaning challenges.