Tennant Q4 GAAP net income drops 78.7% to $6.6M; FY sales and adjusted EBITDA hit records

TENNANT CO

2024-FY EPS reported $4.38 revenue$1,286,700,000

Full-year net sales $1,286.7M (+3.5%); adjusted EBITDA $208.8M (+8.2%) with margin 16.2% (+70bps).
Q4 net sales $328.9M (+5.6%); diluted EPS $0.35 (from $1.64); adjusted diluted EPS $1.52 (down 20.8%).
Board authorized new share repurchase of up to 2M shares; ~580K remaining under prior program.
Launched new X6 ROVR autonomous scrubber, available Q2 2025; introduced full-year 2025 guidance (no specific numbers provided).

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