secwatch.observer — SEC 8-K summary
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Issuer:     TENNANT CO (TNC)
CIK:        0000097134
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001437749-22-004262
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tennant reports record FY2021 net income of $64.9M, guides FY2022 adjusted EPS $4.40-$5.00
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- Full year net sales $1.09B (+9.0% YoY), organic growth 9.1%; net income $64.9M (vs $33.7M in 2020).
- Q4 net sales $276.4M (+1.2% YoY, organic +4.5%); net income $7.9M (vs $2.5M).
- FY2021 adjusted EBITDA $140.2M (12.9% of sales); adjusted diluted EPS $4.39.
- FY2022 guidance: net sales $1.125B-$1.17B, adjusted EBITDA $145M-$160M, adjusted diluted EPS $4.40-$5.00.
- Adjusted gross margin fell 90 bps to 40.2% for full year, 460 bps to 36.7% in Q4, due to inflation and supply chain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97134/000143774922004262/0001437749-22-004262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97134/000143774922004262/tnc20220110_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-004262

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