TNC Stock - Tennant Company
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.29B | $1.24B | $1.09B | $1.09B | $1.00B |
| Gross Profit | $550.00M | $527.80M | $420.90M | $438.00M | $407.80M |
| Gross Margin | 42.7% | 42.4% | 38.5% | 40.2% | 40.7% |
| Operating Income | $114.30M | $138.60M | $87.20M | $93.70M | $63.70M |
| Net Income | $83.70M | $109.50M | $66.30M | $64.90M | $33.70M |
| Net Margin | 6.5% | 8.8% | 6.1% | 5.9% | 3.4% |
| EPS | $4.46 | $5.92 | $3.58 | $3.51 | $1.84 |
Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 24th 2025 | Roth Capital | Initiation | Buy | $102 |
| December 19th 2024 | Northcoast | Initiation | Buy | $125 |
| December 28th 2023 | CL King | Initiation | Buy | $112 |
| November 1st 2023 | CJS Securities | Upgrade | Market Outperform | $100 |
Earnings History & Surprises
TNCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 16, 2026 | $1.68 | — | — | — |
Q4 2025 | Nov 3, 2025 | $1.49 | $1.46 | -2.0% | ✗ MISS |
Q3 2025 | Aug 6, 2025 | $1.63 | $1.49 | -8.6% | ✗ MISS |
Q2 2025 | Apr 30, 2025 | $1.38 | $1.12 | -18.8% | ✗ MISS |
Q1 2025 | Feb 17, 2025 | $1.34 | $1.52 | +13.4% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $1.44 | $1.39 | -3.5% | ✗ MISS |
Q3 2024 | Aug 8, 2024 | $1.72 | $1.83 | +6.4% | ✓ BEAT |
Q2 2024 | May 3, 2024 | $1.42 | $1.81 | +27.5% | ✓ BEAT |
Q1 2024 | Feb 22, 2024 | $1.25 | $1.92 | +53.6% | ✓ BEAT |
Q4 2023 | Oct 31, 2023 | $1.15 | $1.34 | +16.5% | ✓ BEAT |
Q3 2023 | Aug 4, 2023 | $1.16 | $1.86 | +60.3% | ✓ BEAT |
Q2 2023 | Apr 28, 2023 | $0.84 | $1.45 | +72.6% | ✓ BEAT |
Q1 2023 | Feb 23, 2023 | $1.21 | $1.46 | +20.7% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $1.10 | $0.99 | -10.0% | ✗ MISS |
Q3 2022 | Aug 9, 2022 | $0.87 | $0.92 | +5.7% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.88 | $0.73 | -17.0% | ✗ MISS |
Q1 2022 | Feb 24, 2022 | $0.63 | $0.71 | +12.7% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $0.86 | $1.33 | +54.7% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $1.02 | $1.18 | +15.7% | ✓ BEAT |
Latest News
Tennant Affirms FY2025 Adj EPS Guidance of $5.70-$6.20 vs $5.81 Est
📈 PositiveTennant Affirms FY2025 GAAP EPS Guidance of $3.80-$4.30 vs $4.24 Est; Affirms FY2025 Sales Guidance of $1.210B-$1.250B vs $1.241B Est
➖ NeutralTennant Q3 Adj. EPS $1.46 Misses $1.50 Estimate, Sales $303.300M Miss $309.333M Estimate
📉 NegativeTennant Raises Quarterly Dividend From $0.295 To $0.31/Share
📈 PositiveRoth Capital Initiates Coverage On Tennant with Buy Rating, Announces Price Target of $102
📈 PositiveFrequently Asked Questions about TNC
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