Tennant Company is a leading provider of cleaning solutions and equipment, specializing in the design, manufacture, and sale of a wide range of floor cleaning machines and surface maintenance products. The company offers an extensive portfolio that includes industrial and commercial equipment such as scrubbers, sweepers, and floor maintenance systems, aimed at ensuring cleanliness and safety in various environments, from warehouses to retail spaces. In addition to its hardware, Tennant focuses on sustainable practices and innovative technologies, providing effective solutions that improve indoor air quality and reduce water and energy consumption. The company is committed to delivering high-quality products and exceptional customer service to meet the distinct needs of its clients globally.
Tennant Company (NYSE: TNC), a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, today announced the release of lithium-ion battery-powered versions of its popular T12 and T16 scrubbers. This product innovation will support customers' productivity & sustainability goals.
Over the last six months, Tennant’s shares have sunk to $88.70, producing a disappointing 11.6% loss - a stark contrast to the S&P 500’s 14.4% gain. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Watts Water Technologies (NYSE:WTS) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Tennant (NYSE:TNC) and the best and worst performers in the water infrastructure industry.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the water infrastructure industry, including Xylem (NYSE:XYL) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at water infrastructure stocks, starting with Energy Recovery (NASDAQ:ERII).
Industrial cleaning equipment manufacturer Tennant Company fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 3.6% year on year to $315.8 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.29 billion at the midpoint. Its GAAP profit of $1.09 per share was also 4.4% below analysts’ consensus estimates.
The Board of Directors of Tennant Company (NYSE: TNC) today authorized raising the quarterly cash dividend to $0.295 per share, a 5.4% increase. The increased dividend is payable December 16, 2024, to shareholders of record at the close of business on November 29, 2024.
Tennant Company (NYSE: TNC) today announced that the company will report its third quarter 2024 financial results after the market closes on October 31, 2024, with a conference call to follow at 10:00 a.m. Eastern Time/9:00 a.m. Central Time on Friday, November 1, 2024. The conference call will be webcast and can be accessed on the company’s website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the company’s website.
Tennant Company (NYSE: TNC), a global leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, and healthier world, today announced a refreshed approach to its corporate giving strategy. With a strong commitment to driving positive change in the communities it serves, Tennant’s updated giving efforts align with its Thriving People. Healthy Planet. sustainability framework and will focus on three key areas: workforce development, environmental sustainability, and fostering vibrant communities and shared spaces.
Tennant Company (NYSE: TNC), a world leader in cleaning equipment and solutions, today announced the launch of its new T291 small walk-behind scrubber into the North America market. Designed for use in both hard-to-reach spaces and open areas, the T291 is a walk-behind scrubber built to simplify and improve facility management by combining cleaning power and maneuverability. The T291’s versatility and small size make it an excellent fit for mid-size retail, healthcare, and education environments. Operators will not only see a difference in the quality of their cleaning but also with the machine’s ease of use.
As a global leader in the floor cleaning industry, Tennant Company (NYSE: TNC) has worked with thousands of cleaning professionals and has seen their hard work and community impact first-hand. And that is why Tennant set out with a single goal — to celebrate and recognize the dedication of cleaning staff through the launch of the Cleaning All-Star Sweepstakes. The new sweepstakes will recognize cleaning professionals from all types of facilities who make a difference by cleaning manufacturing plants, schools, retail stores, warehouses, hospitals, and more.
Directors of Tennant Company (NYSE: TNC) today declared a regular quarterly cash dividend of $0.28 per share payable September 16, 2024, to shareholders of record at the close of business on August 30, 2024.
Tennant Company (NYSE: TNC) today announced that the company will report its second quarter 2024 financial results before the market opens on Thursday, August 8, 2024, with a conference call to follow at 10:00 a.m. Eastern Time/9 a.m. Central Time. The conference call will be webcast and can be accessed on the company’s website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the company’s website.
