Highest-materiality recent filing
Tennant Q2 net income falls 62% to $7.6M; adjusted EBITDA margin drops to 10.9%
Net sales $324M (+1.7% YoY); orders $339.5M (+6.6%) building backlog to $127M.
Tennant Company CFO Fay West to retire in Q2 2027; successor search underway
Fay West, SVP and CFO, gave notice of retirement after successor hired and transition period, expected no earlier than April 2, 2027.
Tennant Q1 net income sinks 98.5% to $0.2M; adjusted EPS $0.58, down 48%
Net sales $297.9M (+2.7% YoY); net income $0.2M (-98.5%); diluted EPS $0.01 (-98.6%).
Tennant Q4 net loss $4.4M, adjusted EPS $0.48 (includes $0.91 ERP hit); full-year sales down 6.5%
Q4 net loss $4.4M, diluted EPS -$0.23; adjusted EPS $0.48 vs $1.52 a year ago.
Tennant appoints two new directors, enters cooperation agreement with Vision One Fund
James T. Glerum, Jr. and Patrick Allen appointed as independent directors, board expands to 11.
Tennant Q3 sales down 4%; adjusted EPS up 5%; dividend raised 5.1% to $0.31
Net sales $303.3M, down 4.0% YoY (organic -5.4%); diluted EPS $0.80 vs $1.09.
Tennant Q2 net sales $319M (-3.7% YoY), EPS $1.08 adj $1.49, reaffirms 2025 guidance
Net sales $318.6M, down 3.7% YoY; diluted EPS $1.08 (adj $1.49); net income $20.2M (-27.6%).
Tennant Q1 revenue down 6.8% to $290M; diluted EPS $0.69 vs $1.49; reaffirms guidance
Net sales $290M, down 6.8% YoY (organic -5.0%), lapping a $50M backlog-reduction benefit in prior year.
Tennant Q4 GAAP net income drops 78.7% to $6.6M; FY sales and adjusted EBITDA hit records
Full-year net sales $1,286.7M (+3.5%); adjusted EBITDA $208.8M (+8.2%) with margin 16.2% (+70bps).
Tennant Q3 net sales $315.8M (+3.6%), adj. EPS $1.39 (+3.7%); dividend raised 5.4%
GAAP diluted EPS $1.09 (-9.9% YoY); adjusted diluted EPS $1.39 (+3.7% YoY).
Tennant Q2 sales up 2.9% to $331M, raises FY24 guidance for net sales and EBITDA
Net sales $331.0M (+2.9% YoY); net income $27.9M (-10.9%), diluted EPS $1.45 (-13.7%).
Tennant Q1 EPS $1.49, adj. EPS $1.81; sales up 1.7%; reaffirms FY guidance
Net sales $311M (+1.7% YoY); net income $28.4M (+16.9%); diluted EPS $1.49 vs $1.30.
Tennant reports record 2023 net sales of $1.24B, up 13.9%; introduces 2024 guidance
Full-year net income $109.5M (+65.2%); diluted EPS $5.83 (adjusted $6.57); adjusted EBITDA $192.9M (+44.3%).
Tennant Q3 net sales up 15.9% to $304.7M, raises FY2023 guidance, ups dividend 5.7%
Q3 net sales $304.7M (+15.9% YoY), net income $22.9M (+46.8%), diluted EPS $1.21 (+45.8%), adjusted EPS $1.34 (+36.7%)
Tennant Q2 net sales $321.7M, adj EPS $1.86; FY guidance raised
Net sales $321.7M (+14.8% YoY); net income $31.3M ($1.68 diluted EPS, adj. $1.86).
Tennant Q1 net income $24.3M, record sales $305.8M (+18.5% YoY); reaffirms guidance
Diluted EPS $1.30; adjusted diluted EPS $1.45.
Tennant Q4 net sales $291M (+5.3% YoY); FY 2022 adj. EPS $4.10; guides FY 2023 adj. EPS $3.70-$4.50
Full year 2022 net sales $1,092.2M (+0.1% YoY, organic +4.2%); net income $66.3M ($3.55 diluted EPS).
Tennant Company amends 2021 credit facility to replace LIBOR with Term SOFR as reference rate
Amendment to 2021 credit agreement dated Nov 10, 2022 replaces LIBOR with Term SOFR plus 0.10% credit spread for USD borrowings.
Tennant Q3 net sales down 3.3% YoY; lowers FY2022 EPS and EBITDA guidance
Q3 net sales $262.9M (down 3.3% YoY); organic sales +1.7% on pricing; volumes down due to supply constraints.
Tennant Company appoints Andrew P. Hider, CEO of ATS Automation, to Board of Directors
Andrew P. Hider elected to Tennant Board effective Aug 3, 2022; appointed to Audit and Executive Committees.
Tennant Q2 net sales $280.2M (+4.4% organic), adj. EBITDA $30.3M; confirms FY guidance near low end
Net sales flat at $280.2M; organic growth 4.4% on constant currency but volume constrained by supply-chain.
Tennant Q1 net income $10.3M on sales $258.1M; lowers FY adjusted EBITDA guidance to $140M-$155M
Net sales of $258.1M down 2% YoY; organic sales growth 0.8% with strong demand but supply constraints.
Tennant reports record FY2021 net income of $64.9M, guides FY2022 adjusted EPS $4.40-$5.00
Full year net sales $1.09B (+9.0% YoY), organic growth 9.1%; net income $64.9M (vs $33.7M in 2020).
Q3 net sales $272.0M, organic +4.7%; GAAP EPS $1.14, adjusted EPS $1.33 (vs $0.90 a year ago).
Tennant Q2 revenue up 27.5% organically to $279.1M; adjusted EPS $1.18 vs $0.96 YoY
Net sales $279.1M, organic growth 27.5% YoY; Americas +22.7%, EMEA +55.5%, APAC +16.6%.
On June 17, 2026, Tennant Company (the “Company”) announced the appointment of Richard H. (Rusty) Zay to the position of Chief Operating Officer (“COO”), effective July 1, 2026.
On May 13, 2024, the Board of Directors (the “Board”) of Tennant Company (the “Company”) elected Mark W. Sheahan as a member of the Board effective May 15, 2024.
On May 22, 2023, Tennant Company (the “Company”) announced that the employment of Carol E. McKnight, the Company’s Senior Vice President, Chief Administrative Officer, will terminate effective May 26, 2023 under circumstances that entitle her to severance benefits under her previously-disclosed Executive Employment Agreement, subject to the conditions set in forth in such agreement.
On August 3, 2022, the Board of Directors of Tennant Company (the “Company”) elected Andrew P. Hider as a member of the Board effective that same day.
On April 29, 2022, Daniel E. Glusick, the Company’s Senior Vice President, Global Operations, gave notice of his intention to resign effective May 20, 2022.
Max materiality 0.85 · Median 0.68 · Most common event earnings