Last $65.95 USD
Change Today +1.87 / 2.92%
Volume 68.2K
TNC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

tennant co (TNC) Snapshot

Open
$64.15
Previous Close
$64.08
Day High
$66.00
Day Low
$64.06
52 Week High
12/31/13 - $69.18
52 Week Low
04/22/13 - $45.30
Market Cap
1.2B
Average Volume 10 Days
51.8K
EPS TTM
$2.26
Shares Outstanding
18.5M
EX-Date
02/27/14
P/E TM
29.1x
Dividend
$0.72
Dividend Yield
1.09%
Current Stock Chart for TENNANT CO (TNC)

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tennant co (TNC) Details

Tennant Company designs, manufactures, and markets cleaning solutions worldwide. The company offers floor maintenance and outdoor cleaning equipment; chemical-free and other cleaning technologies that reduce the need for chemicals in the cleaning process; and coatings and related products for protecting, repairing, and upgrading floors and other surfaces. Its products are used to clean and coat surfaces in factories, transportation facilities, public venues, warehouses, retail, education, healthcare, office buildings, parking lots, and streets, and other environments. The company also provides parts, consumables, and service maintenance and repair; business solutions, such as rental and leasing programs, as well as surface coatings and floor preservation products. Tennant Company markets its products under the Tennant, Nobles, Green Machines, Alfa Uma Empresa Tennant, and Orbio brands. The company sells its products to building service contract cleaners, end-user businesses, healthcare facilities, and schools, as well as local, state, and federal governments through direct sales and service organization, and a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Minneapolis, Minnesota.

2,931 Employees
Last Reported Date: 02/28/14
Founded in 1870

tennant co (TNC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $664.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $376.0K
Senior Vice President of Global Operations
Total Annual Compensation: $348.9K
Senior Vice President of Americas
Total Annual Compensation: $317.8K
Senior Vice President of Administration
Total Annual Compensation: $313.0K
Compensation as of Fiscal Year 2013.

tennant co (TNC) Key Developments

Tennant Company Announces Floor Care Products and Services Agreement with Premier, Inc

Tennant Company has been awarded a group purchasing agreement with Premier Inc., for floor care products and services. Effective March 1, 2014, the new agreement allows Premier members, at their discretion, to take advantage of pre-negotiated terms on Tennant floor care products and services including commercial and industrial cleaning equipment, parts and service. Tennant Company products include equipment designed for the maintenance of indoor and outdoor surfaces, as well as TennantTrue financing solutions, equipment parts, and repair and maintenance service. Product brands include Tennant, Nobles, Green Machines, Orbio and Alfa.

Tennant Company Presents at Sidoti & Company's Eighteenth Annual Emerging Growth Institutional Investor Forum, Mar-18-2014 08:00 AM

Tennant Company Presents at Sidoti & Company's Eighteenth Annual Emerging Growth Institutional Investor Forum, Mar-18-2014 08:00 AM. Venue: The Grand Hyatt Hotel, New York, New York, United States. Speakers: H. Chris Killingstad, Chief Executive Officer, President and Director, Thomas Paulson, Chief Financial Officer, Principal Accounting Officer and Senior Vice President.

Tennant Company Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Full Year of 2014; Plans to Introduce New Line of Walk-Behind Burnishers

Tennant Company announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net sales of $195,140,000, profit before income taxes as adjusted of $19,028,000, profit from operations as adjusted of $19,246,000, profit from operations of $17,669,000, interest income of $95,000, profit before income taxes of $17,451,000, net earnings of $10,301,000 or $0.55 diluted per share, compared to the net sales of $187,507,000, profit from operations of $18,970,000, interest income of $198,000, profit before income taxes as adjusted of $18,628,000, profit from operations as adjusted of $18,970,000, profit before income taxes of $18,628,000, net earnings of $13,844,000 or $0.73 diluted per share, for the same quarter a year ago. For the full year, the company reported net sales of $752,011,000, profit from operations of $62,403,000, interest income of $390,000, profit before income taxes as adjusted of $62,895,000, profit from operations as adjusted of $65,420,000, profit before income taxes of $59,878,000, net earnings of $40,231,000 or $2.14 diluted per share, compared to the net sales of $738,980,000, profit from operations of $62,703,000, interest income of $1,069,000, profit before income taxes of $59,890,000, profit before income taxes as adjusted of $59,866,000, profit from operations as adjusted of $62,679,000, net earnings of $41,584,000 or $2.18 diluted per share, for the same period a year ago. The company reported net cash provided by operating activities $59,814,000 against $47,566,000 for the same period a year ago. The amount spends for purchases of property, plant and equipment of $14,775,000 against $15,623,000 for the same period a year ago. For the 2013 full year, adjusted diluted earnings per share totaled $2.26 on net sales of $752 million. The company provided earnings guidance for the full year of 2014. Based on its 2013 results and expectations of future performance, the company estimates 2014 full year net sales in the range of $780 million to $800 million and earnings in the range of $2.50 to $2.80 per diluted share. The company anticipates that its 2014 financial results will be stronger in the second half of the year, as its growth investments begin to generate incremental revenues and profits. Gross margin performance expected to be in the range of 43% to 44%. Capital expenditures expected to be in the range of $20 million to $22 million. The company anticipates a base tax rate excluding any special items in the range of 31% to 33% depending primarily upon the mix of full year taxable earnings by country. The company expects to increase in its operating profit margin in 2014 with the majority of the improvement expected in the second half. In the 2014 first quarter, Tennant also plans to introduce a new line of walk-behind burnishers. These new core equipment offerings are engineered to improve the customers' cleaning performance and operator safety, lower operating costs and reduce environmental impact.

 

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TNC

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Valuation TNC Industry Range
Price/Earnings 30.9x
Price/Sales 1.6x
Price/Book 4.6x
Price/Cash Flow 30.3x
TEV/Sales 1.5x
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