secwatch.observer — SEC 8-K summary
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Issuer:     TENNANT CO (TNC)
CIK:        0000097134
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001437749-21-018235
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tennant Q2 revenue up 27.5% organically to $279.1M; adjusted EPS $1.18 vs $0.96 YoY
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- Net sales $279.1M, organic growth 27.5% YoY; Americas +22.7%, EMEA +55.5%, APAC +16.6%.
- GAAP net income $9.8M ($0.51 diluted EPS); adjusted EPS $1.18, up from $0.96 in Q2 2020.
- Adjusted EBITDA $35.1M (12.6% of sales) vs $35.3M (16.5%) prior year; cost pressures from freight, materials, labor.
- Company affirms FY2021 guidance: net sales $1.090B-$1.110B, adjusted EPS $4.10-$4.50, adjusted EBITDA $140M-$150M.
- Amended credit agreement and redeemed $300M of 5.625% senior notes to reduce future interest expense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97134/000143774921018235/0001437749-21-018235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97134/000143774921018235/tnc20210505_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-018235

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer