Tennant Company Board Authorizes Repurchase of Additional Two Million Shares
“The Board's authorization of a 2,000,000 share repurchase program demonstrates our confidence in Tennant's strategic direction and our commitment to returning capital to shareholders,” said Dave Huml, Tennant President and Chief Executive Officer. “This initiative highlights our strong financial position and dedication to disciplined capital allocation, aiming to enhance shareholder returns while continuing to invest in growth opportunities.”
This authorization is in addition to approximately 580,000 shares remaining under the company’s current repurchase program. Share repurchases under these programs may be made through open-market and privately negotiated transactions from time to time and in amounts that management deems appropriate. The timing of share repurchases will depend upon market conditions and other corporate considerations. Tennant has approximately 18,800,000 shares outstanding.
Company Profile
Founded in 1870, Tennant Company (TNC), headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250213442955/en/
INVESTOR CONTACT:
Lorenzo Bassi
Vice President, Finance and Investor Relations
investors@tennantco.com
763-540-1242
Source: Tennant Company