Tennant Q1 net income $24.3M, record sales $305.8M (+18.5% YoY); reaffirms guidance

TENNANT CO

2023-Q1 EPS reported $1.30 revenue$305,800,000

Diluted EPS $1.30; adjusted diluted EPS $1.45.
Organic sales growth 21.0% with all major geographies positive.
Adjusted EBITDA $47.9M (15.7% of sales), up 71.7% YoY.
Quarterly dividend $0.265/share payable June 15, 2023 to holders of record May 31.
FY 2023 guidance reaffirmed: sales $1,115M-1,155M, Adj EBITDA $140M-160M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TENNANT CO reported Three Months Ended March 31, 2023 results: revenue $305.8 million, net income $24.3 million, EPS $1.30 per diluted share. Guidance reaffirmed.

Period: Three Months Ended March 31, 2023
Revenue: $305.8 million
Net income: $24.3 million
EPS: $1.30 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First quarter net income of $24.3 million on record net sales of $305.8 million, representing 18.5% sales growth, or 21.0% on an organic basis, and earnings per diluted share of $1.30

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Source: SEC EDGAR

accession 0000097134-23-000029

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