earnings
confidence high
sentiment positive
materiality 0.65
Tennant Q3 net sales $315.8M (+3.6%), adj. EPS $1.39 (+3.7%); dividend raised 5.4%
TENNANT CO
2024-Q3 EPS reported
$4.03
revenue$957,800,000
- GAAP diluted EPS $1.09 (-9.9% YoY); adjusted diluted EPS $1.39 (+3.7% YoY).
- Net sales $315.8M, organic growth 2.7% led by Americas (+4.6%) offset by EMEA/APAC declines.
- Quarterly dividend raised 5.4% to $0.295/share; 53rd consecutive annual increase.
- Reaffirmed FY2024 guidance: net sales $1.28-1.305B, adj. EPS $6.15-6.55, adj. EBITDA $205-215M.
- Adjusted EBITDA $47.9M (+4.4%); margin 15.2% vs 15.1% YoY; operating cash flow $30.7M.