---
schema_version: "secwatch.filing_event.v1"
accession: "0000097134-24-000014"
form_type: "8-K"
ticker: "TNC"
cik: "0000097134"
company_name: "TENNANT CO"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:41:24.931522+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000097134-24-000014
- form_type: 8-K
- ticker: TNC
- cik: 0000097134
- company_name: TENNANT CO
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97134/000009713424000014/0000097134-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97134/000009713424000014/tnc-20240503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000097134-24-000014
- JSON: https://secwatch.observer/filing/0000097134-24-000014.json
- Plain text: https://secwatch.observer/filing/0000097134-24-000014.txt

## Key facts
- Earnings Releases
  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
  source text: $ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/97134/000009713424000014/0000097134-24-000014-index.htm

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