---
schema_version: "secwatch.filing_event.v1"
accession: "0000097134-23-000057"
form_type: "8-K"
ticker: "TNC"
cik: "0000097134"
company_name: "TENNANT CO"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:27:33.748329+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tennant Q3 net sales up 15.9% to $304.7M, raises FY2023 guidance, ups dividend 5.7%

## Summary
- Q3 net sales $304.7M (+15.9% YoY), net income $22.9M (+46.8%), diluted EPS $1.21 (+45.8%), adjusted EPS $1.34 (+36.7%)
- Raised full-year 2023 guidance: net sales $1.23B-$1.25B, adjusted EBITDA $190-$200M, adjusted EPS $5.70-$6.10
- Announced 5.7% dividend increase to $0.28/share, payable Dec 15, 2023 to shareholders of record Nov 30, 2023
- Operating cash flow of $54.4M, over 100% free cash flow conversion for third consecutive quarter
- Americas organic net sales grew 20.8%; EMEA declined 2.8% due to weaker market conditions; APAC up 11.8%

## SEC filing metadata
- accession: 0000097134-23-000057
- form_type: 8-K
- ticker: TNC
- cik: 0000097134
- company_name: TENNANT CO
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97134/000009713423000057/0000097134-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97134/000009713423000057/tnc-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000097134-23-000057
- JSON: https://secwatch.observer/filing/0000097134-23-000057.json
- Plain text: https://secwatch.observer/filing/0000097134-23-000057.txt

## Key facts
- Earnings Releases
  TENNANT CO reported the quarter ended September 30, 2023 results: revenue $304.7 million, net income $22.9 million, EPS $1.21. Guidance raised.
  - Period: the quarter ended September 30, 2023
  - Revenue: $304.7 million
  - Net income: $22.9 million
  - EPS: $1.21
  - Guidance: raised
  - Result: reported results
  source text: $ 0.83 45.8 % Adjusted diluted EPS $ 1.34 $ 0.98 36.7 % Adjusted EBITDA $ 45.9 $ 33.8 35.8 % Adjusted EBITDA margin % 15.1 % 12.9 % 220 bps Highlights • Delivered net sales of $304.7 million for the third quarter of 2023, an increase of 15.9% from the third quarter of 2022, or 13.9% on an organic basis due to strong pricing realization and volume growth. A more
  evidence_url: https://www.sec.gov/Archives/edgar/data/97134/000009713423000057/0000097134-23-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.