Core Insights - Nilfisk celebrates 120 years of innovation in cleaning solutions, emphasizing its commitment to creating healthier and safer environments [1][8] - The company has evolved from a small workshop in Denmark to a global leader in cleaning solutions, serving over 100 countries [2][9] Company History and Development - Founded in 1906 by engineer P.A. Fisker, Nilfisk has a long-standing purpose of improving quality of life through effective cleaning [2][9] - The introduction of Europe's first electric vacuum cleaner in 1910 marked a significant innovation in household cleaning [3][4] - Nilfisk has expanded its product range from consumer cleaning equipment to professional solutions across various industries [4][5] Innovation and Technology - The company has developed robotic cleaning solutions to enhance cleaning consistency and address labor constraints [5] - Nilfisk's focus on intelligent automation aims to make cleaning more effective while minimizing resource use [5][6] Sustainability Commitment - Nilfisk has prioritized responsible business practices, including a refurbishment program introduced in the 1930s to reduce waste [6] - The company is committed to reducing energy, water, and chemical use in its products, achieving EcoVadis Gold rating for four consecutive years [7] - Nilfisk has set Science-Based Targets and aims for Net Zero by 2040 [7] Market Position and Financials - In 2025, Nilfisk generated revenue of 996.3 million EUR, with over 90% of sales directed towards professional markets [10] - The largest market for Nilfisk is the US, accounting for 24% of revenue, followed by Germany (15%), France (11%), Denmark (7%), and the UK (5%) [10]

Shares of leading floor-care equipment and cleaning solutions provider Tennant Company (NYSE: TNC) are down 26% as of 1 p.m. ET on Tuesday after the company delivered lackluster fourth-quarter earnings. Sales, adjusted EBITDA, and adjusted earnings per share (EPS) sank 11%, 46%, and 68%, after Tennant's plant ERP transition in November disrupted operations. The company's Q4 sales of $292 million and adjusted EBITDA of $45 million were impacted by $30 million and $22 million, respectively, due to order-entr ...

Tennant Company (NYSE:TNC) Q4 2025 Earnings call February 24, 2026 10:00 AM ET Company ParticipantsDave Huml - President and CEOFay West - SVP and CFOLorenzo Bassi - VP of Finance and Investor RelationsConference Call ParticipantsAaron Reed - Research AnalystSteve Ferazani - Senior Equity AnalystTom Hayes - Managing Director and Senior Research AnalystOperatorLadies and gentlemen, good morning. My name is Abby. I will be your conference operator today. At this time, I would like to Welcome everyone to Tenna ...

Tennant Company (NYSE:TNC) Q4 2025 Earnings call February 24, 2026 10:00 AM ET Speaker4Ladies and gentlemen, good morning. My name is Abby. I will be your conference operator today. At this time, I would like to welcome everyone to Tennant Company's 2025 fourth quarter and full year results earning conference call. This call is being recorded. There will be time for Q&A at the end of the call. Please press star one if you would like to ask a question. After the Q&A, please stay on the line for closing remar ...

February 24, 2026 www.investors.tennantco.com Q4 and Full-Year 2025 Results Full-Year 2026 Guidance Earnings Release Call Tennant Company Safe Harbor Statement Certain statements contained in this document are considered "forward -looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements do not relate to strictly historical or current facts and provide current expectations or forecasts of future events. Any such expectations or forecasts of future events are su ...

Core Viewpoint - The Board of Directors of Nilfisk recommends shareholders accept the all-cash takeover offer from Freudenberg, citing an attractive offer price and strategic rationale for the transaction [1][2][3]. Offer Details - The offer price is DKK 140 per share, valuing Nilfisk at approximately DKK 3.8 billion, representing a premium of 35.9% over the closing price of DKK 103 on 10 December 2025 [2][7]. - The offer is fully financed and has support from shareholders representing 50.9% of Nilfisk's shares, enhancing the likelihood of completion [2][11]. Strategic Rationale - The Board believes the offer reflects a strong strategic and cultural fit between Nilfisk and Freudenberg, which could reinforce Nilfisk's position as a global leader [3][5]. - A competitive process was conducted to evaluate Nilfisk's strategic options, leading to the conclusion that Freudenberg's offer is the most attractive outcome for shareholders [3][4]. Employee and Operational Considerations - Freudenberg has committed to employee continuity and intends to further develop Nilfisk, which the Board views positively [5][6]. - The Board acknowledges that while Nilfisk can operate successfully as a standalone company, the proposed ownership change may yield strategic benefits [5]. Offer Timeline - The offer period is set to expire on 18 February 2026 at 23:59 CET, unless extended, and shareholders are encouraged to review the offer's terms before making a decision [6][11].

Core Viewpoint - Nilfisk Holding A/S has published a Board Statement regarding the voluntary takeover offer from Freudenberg Home and Cleaning Solutions GmbH to acquire all issued and outstanding shares of Nilfisk, excluding treasury shares and shares held by the Offeror [1][5]. Company Overview - Nilfisk was founded in 1906 and is a leading global provider of professional cleaning equipment and services, with over 90% of sales directed to professional markets [3][4]. - The company operates in more than 100 countries and has six manufacturing sites located in the US, Mexico, Hungary, Italy, and China [4]. - In 2024, Nilfisk generated revenue of 1,027.9 million EUR, with the largest market being the US, accounting for 28% of total revenue, followed by Germany (14%), France (10%), Denmark (7%), and the UK (4%) [4]. Offer Details - The Board Statement has been prepared in both Danish and English, with the Danish version prevailing in case of discrepancies [2]. - The Offer is subject to certain restrictions and is available on Nilfisk's investor website [2].

Company Overview - Nilfisk Holding A/S is a leading global provider of professional cleaning equipment and services, founded in 1906 by Danish engineer P.A. Fisker [4] - The company generates over 90% of its sales from professional markets, with the remainder from consumer products such as floorcare equipment and vacuum cleaners [4] - Nilfisk operates in more than 100 countries and has six manufacturing sites located in the US, Mexico, Hungary, Italy, and China, employing approximately 4,500 people [5] Financial Performance - In 2024, Nilfisk reported revenue of €1,027.9 million, with the largest market being the US, accounting for 28% of total revenue, followed by Germany (14%), France (10%), Denmark (7%), and the UK (4%) [5] Takeover Offer - On December 11, 2025, Nilfisk announced an agreement with Freudenberg Home and Cleaning Solutions GmbH to make an all-cash voluntary recommended public takeover offer at a price of DKK 140 per share [1] - The offer document, including an acceptance form, has been approved by the Danish Financial Supervisory Authority [1][2] - The Board of Directors of Nilfisk will issue a statement regarding the offer, advising shareholders to read both the offer document and the board statement before making a decision [2]

Core Viewpoint - Freudenberg is set to acquire Nilfisk through an all-cash offer at a premium of 35.9% over the closing price, following a strategic review process [1][4]. Offer Details - The offer price is DKK 140 per share, valuing Nilfisk at approximately DKK 3,798 million [4]. - The offer represents various premiums: 35.9% over the closing price of DKK 103, 39.8% over the one-month average of DKK 100.11, 30.1% over the three-month average of DKK 107.60, 35.9% over the six-month average of DKK 103.05, and 42.3% over the twelve-month average of DKK 98.38 [4]. - The Board of Directors of Nilfisk unanimously recommends that shareholders accept the offer, citing it as the most attractive final offer received [4][10]. Shareholder Support - Major shareholders, including Ferd AS, KIRKBI Invest A/S, and PrimeStone Capital, have signed irrevocable undertakings to tender their shares, representing 50.9% of Nilfisk's shares [4][10]. - The offer is subject to customary conditions, including a minimum acceptance threshold of 90% of shares [4][13]. Future Plans - Following the completion of the offer, Freudenberg intends to delist Nilfisk's shares from Nasdaq Copenhagen and may initiate a compulsory acquisition of remaining shares if it holds over 90% [5][17]. - The completion of the offer is expected in the first half of 2026, pending regulatory approvals [4][17]. Strategic Fit - Freudenberg views the acquisition as a unique opportunity to create a leading player in professional cleaning, combining its manual cleaning solutions with Nilfisk's machine-cleaning offerings [12].

Financial Performance - Net sales for Q3 2025 were $303.3 million, which includes a negative impact from volume declines across all geographies[11, 36, 38] - Adjusted EBITDA for Q3 2025 was $49.8 million, resulting in a 16.4% adjusted EBITDA margin, an improvement of 120 basis points[11, 46] - Adjusted EPS for Q3 2025 was $1.46 per share, compared to $1.39 per share in Q3 2024[11, 33] - Gross margin increased by 30 basis points to 42.7%[11, 44] - Adjusted S&A expense as a percentage of net sales decreased by 60 basis points to 27.5%[45] - The company returned $28 million to shareholders through dividends and share repurchases[28] Sales and Orders - Orders grew 2% during the second quarter and 6% year-to-date[11] - Organic net sales declined by 5.4%[8, 39] - AMR sales showed strong year-to-date growth of +9%[20] Strategic Initiatives - Strong price realization delivered 150 bps to top line result[19] - The first phase of the ERP transformation was successfully implemented in APAC[19] Guidance - The company anticipates full-year Adjusted EBITDA toward the lower end of guidance[29] - The company expects organic net sales to decline between (3.0)% and (5.0)%[25]