earnings
confidence high
sentiment positive
materiality 0.75
Tennant Q3 net sales $272M (+4.7% organic); adj EPS $1.33; raises dividend 9%; FY21 EPS guidance $3.50-$3.70
TENNANT CO
2021-Q3 EPS reported
$3.02
revenue$814,400,000
- Q3 net sales $272.0M, organic +4.7%; GAAP EPS $1.14, adjusted EPS $1.33 (vs $0.90 a year ago).
- Adjusted EBITDA $36.0M (13.2% of sales) vs $32.6M (12.4%) in Q3 2020.
- FY21 guidance: organic sales growth 9-10%, GAAP EPS $3.50-$3.70, adj EPS $4.20-$4.40, adj EBITDA $137M-$142M.
- Quarterly dividend increased 9% to $0.25/share, payable Dec 15, 2021; 50th consecutive annual increase.
- Repurchased 102,229 shares for $7.5M; cash $140.6M at Sep 30.