Tennant(TNC) - 2024 Q1 - Earnings Call Presentation

Financial Performance - Net sales reached $311.0 million, with organic growth of 0.9%[17] - Adjusted EBITDA increased 200 bps to 17.7%, amounting to $54.9 million[16, 17, 35] - Adjusted diluted EPS was $1.81 per share, a 24.8% increase compared to Q1 2023[17] - Gross margin increased 320 bps to 44.2%[4] - Net income increased by $4.1 million compared to the prior year, reaching $28.4 million[54] Strategic Initiatives - The company is focused on channel expansion and new go-to-market opportunities[6] - Strategic M&A priorities are aligned to enhance resilient revenue and drive industry disruption[13] - The company is modernizing existing ERP systems and creating a scalable digital infrastructure[6] - Tennant acquired M&F Management and Financing GmbH to accelerate growth in Central and Eastern Europe[27, 49] Product Innovation - The X4 ROVR, a fully autonomous floor cleaning machine, is expected to drive a dramatic acceleration in adoption[22] - Tennant is expanding the i-mop family of products internationally[46, 47] Guidance - The company reaffirmed its 2024 full-year guidance[4, 62]