---
schema_version: "secwatch.filing_event.v1"
accession: "0000097134-24-000005"
form_type: "8-K"
ticker: "TNC"
cik: "0000097134"
company_name: "TENNANT CO"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:33:45.675889+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tennant reports record 2023 net sales of $1.24B, up 13.9%; introduces 2024 guidance

## Summary
- Full-year net income $109.5M (+65.2%); diluted EPS $5.83 (adjusted $6.57); adjusted EBITDA $192.9M (+44.3%).
- Q4 net sales $311.4M (+7.0%); Q4 adjusted EPS $1.92 vs $1.46 (+31.5%).
- Operating cash flow $188.4M, converting 150% of net income to free cash flow; reduced debt by $100M.
- 2024 guidance: organic sales growth 2-4%; adj. EPS $6.05-$6.65; adj. EBITDA margin 15.6%-16.4%.
- Signed exclusive tech agreement with Brain Corp to accelerate AI robotic cleaning revenue.

## SEC filing metadata
- accession: 0000097134-24-000005
- form_type: 8-K
- ticker: TNC
- cik: 0000097134
- company_name: TENNANT CO
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97134/000009713424000005/0000097134-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97134/000009713424000005/tnc-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000097134-24-000005
- JSON: https://secwatch.observer/filing/0000097134-24-000005.json
- Plain text: https://secwatch.observer/filing/0000097134-24-000005.txt

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