Last $68.53 USD
Change Today -1.18 / -1.69%
Volume 52.9K
TNC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

tennant co (TNC) Snapshot

Open
$70.79
Previous Close
$69.71
Day High
$70.99
Day Low
$68.19
52 Week High
07/24/14 - $77.78
52 Week Low
02/26/14 - $57.15
Market Cap
1.3B
Average Volume 10 Days
53.9K
EPS TTM
$2.42
Shares Outstanding
18.4M
EX-Date
11/25/14
P/E TM
28.3x
Dividend
$0.80
Dividend Yield
1.11%
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
Compensation as of Fiscal Year 2013.

tennant co (TNC) Key Developments

Tennant Company Declares Regular Quarterly Cash Dividend, Payable December 15, 2014

Directors of Tennant Company declared a regular quarterly cash dividend of 20 cents per share payable December 15, 2014, to shareholders of record at the close of business on November 28, 2014.

Tennant Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Sales Guidance for the Fourth Quarter of 2014; Revises Earnings Guidance for the Full Year of 2014

Tennant Company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $202,643,000 against $188,541,000 a year ago. Profit from operations was $17,104,000 against $16,229,000 a year ago. Profit before income taxes was $16,354,000 against $15,396,000 a year ago. Net earnings were $11,792,000 against $10,617,000 a year ago. Diluted earnings per share were $0.63 against $0.56 a year ago. Profit from operations as adjusted was $17,104,000 against $16,229,000 a year ago. Profit before income taxes - as adjusted was $16,354,000 against $15,396,000 a year ago. Net earnings - as adjusted was $11,792,000 against $10,617,000 a year ago. Diluted net earnings per share - as adjusted was $0.63 against $0.56 a year ago. Contributing to company's performance were increased sales to strategic accounts and through distribution, and continued demand for new products, such as the compact T12 and mid-sized T17 rider scrubbers and walk-behind burnishers. For the nine months, the company reported net sales of $605,706,000 against $556,871,000 a year ago. Profit from operations was $49,482,000 against $44,734,000 a year ago. Profit before income taxes was $47,997,000 against $42,427,000 a year ago. Net earnings were $33,110,000 against $29,930,000 a year ago. Diluted earnings per share were $1.77 against $1.59 a year ago. Net cash provided by operating activities was $36,825,000 against $36,808,000 a year ago. Profit from operations as adjusted was $49,482,000 against $46,174,000 a year ago. Profit before income taxes - as adjusted was $47,997,000 against $43,867,000 a year ago. Net earnings - as adjusted was $33,110,000 against $30,371,000 a year ago. Diluted net earnings per share - as adjusted was $1.77 against $1.61 a year ago. Capital expenditures of $13.5 million in the 2014 first 9 months were $2.1 million higher compared to the $11.4 million in the prior-year period, with planned investments in tooling related to new product development, manufacturing equipment and process improvement projects. For the fourth quarter, the company expects positive sales growth. For 2014, the company expects net sales to the range of $810 million to $820 million and is narrowing its estimate for 2014 full year earnings to the range of $2.60 to $2.70 per diluted share. Previously, the company anticipated 2014 net sales in the range of $800 million to $815 million and full year earnings in the range of $2.60 to $2.80 per diluted share. Capital expenditures 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.

Tennant Company Announces Executive Changes

Tennant Company announced the appointment of David W. Huml as Senior Vice President of Global Marketing, replacing Rusty Zay who was named in July to lead the Americas, Tennant's large business unit. Most recently, Mr. Huml was Vice President of the Applied Water Platform at Pentair. Huml's office will be located at Tennant Company world headquarters in Golden Valley, Minn.

 

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Industry Analysis

TNC

Industry Average

Valuation TNC Industry Range
Price/Earnings 29.6x
Price/Sales 1.6x
Price/Book 4.6x
Price/Cash Flow 29.0x
TEV/Sales 1.4x
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