earnings
confidence high
sentiment positive
materiality 0.75
Tennant Q4 net sales $291M (+5.3% YoY); FY 2022 adj. EPS $4.10; guides FY 2023 adj. EPS $3.70-$4.50
TENNANT CO
2022-FY EPS reported
$3.55
revenue$1,092,200,000
- Full year 2022 net sales $1,092.2M (+0.1% YoY, organic +4.2%); net income $66.3M ($3.55 diluted EPS).
- Q4 2022 net sales $291.0M (+5.3% YoY, organic +9.7%); net income $23.8M ($1.27 diluted EPS).
- Adjusted diluted EPS: FY 2022 $4.10 (down 8.2% YoY); Q4 2022 $1.46 (up 101.5% YoY).
- FY 2023 guidance: net sales $1,115-$1,155M (organic +3-7%); adjusted diluted EPS $3.70-$4.50; adjusted EBITDA $140-$160M.
- Quarterly dividend $0.265/share, payable March 15, 2023; FY 2022 operating cash flow -$25.1M, Q4 generated $13.7M.