Tennant Q1 EPS $1.49, adj. EPS $1.81; sales up 1.7%; reaffirms FY guidance

TENNANT CO

2024-Q1 EPS reported $1.49 revenue$311,000,000

Net sales $311M (+1.7% YoY); net income $28.4M (+16.9%); diluted EPS $1.49 vs $1.30.
Adjusted EBITDA $54.9M (+14.6%); margin 17.7% (+200 bps); gross margin up 320 bps to 44.2%.
Organic sales +0.9% (price +4.6%, volume -3.7%); Americas +5.1%, EMEA -9.2%, APAC -1.1%.
Closed two deals: acquired TCS distributor in CEE ($25.5M) and minority stake in Brain Corp ($32.1M) for AI robotics.
Reaffirmed FY 2024 guidance: net sales $1.27-1.295B; adj. EPS $6.05-$6.65; adj. EBITDA $198-213M.

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 quarter ended March 31, 2024 results: revenue $311.0 million, net income $28.4 million, EPS $1.49 per diluted share.

Period: quarter ended March 31, 2024
Revenue: $311.0 million
Net income: $28.4 million
EPS: $1.49 per diluted share
Result: reported results

Exact text from the filing

$ 1.30 14.6 % Adjusted diluted EPS $ 1.81 $ 1.45 24.8 % Adjusted EBITDA $ 54.9 $ 47.9 14.6 % Adjusted EBITDA margin % 17.7 % 15.7 % 200 bps Highlights • Delivered net sales of $311.0 million for the first quarter of 2024, an increase of 1.7% from the first quarter of 2023, or 0.9% on an organic basis, driven primarily by strong pricing realization. • Achieved

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

TENNANT CO filing history →

Source: SEC EDGAR

accession 0000097134-24-000014

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.