Tennant (TNC) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.72%. A quarter ago, it was expected that this maker of products for cleaning floors, parking lots and hospitals would post earnings of $1.78 per share when it actually produced earnings of $1.83, delivering a surprise of ...

This Dividend King looks ready to restart its growth story. Tennant (TNC 1.46%) is the global leader in manufacturing mechanized cleaning equipment, such as scrubbers, sweepers, pressure washers, vacuums, and autonomous mobile robots. Since the turn of the century, Tennant has delivered total returns of over 700%, exceeding the S&P 500's mark of roughly 500% over the same time. This outperformance occurred in spite of the company's recent 25% share price drop from its 2024 highs. Following this drop, Tennan ...

Dublin, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The "Commercial Scrubbers and Sweepers Market - Global Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering. The global commercial scrubbers and sweepers market is expected to grow at a CAGR of 8.15% from 2023 to 2029. MARKET TRENDS & DRIVERS Market Opportunities & Trends Market Growth Enablers Market Restraints SEGMENTATION INSIGHTS INSIGHTS BY PRODUCT TYPE Growing Demand for Green Cleaning Technologies Availability of Robotic Cl ...

Financial Performance - Second quarter net sales reached $331 million, with organic net sales growth of 2.7% driven by price increases across all regions[3] - Adjusted EBITDA for the second quarter increased by 1.7% to a record $58.6 million, resulting in an Adjusted EBITDA Margin of 17.7%[3] - Second quarter net income was $27.9 million, compared to $31.3 million in the prior year[10] - Adjusted EPS for the second quarter was $1.83 per diluted share, a decrease of (1.6)% compared to Q2 2023[3] Guidance and Outlook - The company is raising its full-year 2024 guidance for net sales to $1.28 billion - $1.305 billion and Adjusted EBITDA to $205 million - $215 million[3] - Organic net sales growth for the full year is now expected to be between 2.5% and 4.5%[16] - Adjusted EBITDA margin for the full year is projected to be between 16.0% and 16.5%[16] Regional Performance - Americas region experienced net sales growth of 5.5%[12] - EMEA region saw a slight decrease in net sales of -0.3%[12] - APAC region experienced a decrease in net sales of -11.9%[12] Capital Allocation - Total debt increased to $213 million in Q2 2024 from $201 million at the end of 2023[14] - Net leverage ratio increased to 0.61x in Q2 2024 from 0.43x at the end of 2023[14] - Revolver availability remains strong at $321.8 million[14]

Tennant (TNC) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 2.81%. A quarter ago, it was expected that this maker of products for cleaning floors, parking lots and hospitals would post earnings of $1.45 per share when it actually produced earnings of $1.81, delivering a surprise of ...

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. As such, the Zacks rating upgrade for Tennant is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revision ...

The price trend for Tennant (TNC) has been bearish lately and the stock has lost 11.3% over the past four weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that ma ...

So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound. However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. Here's Why TNC Could Experience a Turnaround Tennant (TNC) has been beaten down lately with too much selling pressure. While the stock has lost 11.5% over the ...

Earnings Release Call First Quarter 2024 Results May 3, 2024 SAFE HARBOR STATEMENT 2 In millions of USD, except adjusted diluted EPS Executive Summary First quarter gross margin increased 320 bps to 44.2% Reaffirm 2024 full-year guidance *Non-GAAP Measures: refer to the Appendix of this presentation for additional information and reconciliation 3 GROWTH Channel expansion and new goto-market opportunities M&A Strategy Modernize existing ERP systems and create a scalable digital infrastructure PEOPLE Above-ma ...

Tennant Company (NYSE:TNC) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Lorenzo Bassi - Vice President-Finance and Investor Relations Dave Huml - President and Chief Executive Officer Fay West - Senior Vice President and Chief Financial Officer Conference Call Participants Steve Ferazani - Sidoti Tim Moore - EF Hutton Operator Good morning. My name is Pam and I will be your conference operator today. At this time, I would like to welcome everyone to Tennant Company’s First Q ...