Last $72.42 USD
Change Today -0.79 / -1.09%
Volume 13.2K
TNC On Other Exchanges
Symbol
Exchange
New York
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As of 12:38 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

tennant co (TNC) Snapshot

Open
$72.94
Previous Close
$73.21
Day High
$72.94
Day Low
$72.26
52 Week High
07/24/14 - $77.78
52 Week Low
09/4/13 - $51.19
Market Cap
1.3B
Average Volume 10 Days
57.7K
EPS TTM
$2.35
Shares Outstanding
18.4M
EX-Date
05/28/14
P/E TM
30.8x
Dividend
$0.80
Dividend Yield
1.02%
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Full Year of 2014

Tennant Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net earnings of $15,523,000, or $0.83 per diluted share, on net sales of $219,084,000, compared to net earnings of $14,254,000, or $0.76 per diluted share, on net sales of $200,238,000 a year ago. Profit from operations was $23,141,000 compared to $21,622,000 a year ago. Profit before income taxes was $23,056,000 compared to $20,819,000 a year ago. For the year to date, the company reported net earnings of $21,318,000, or $1.14 per diluted share, on net sales of $403,063,000, compared to net earnings of $19,313,000, or $1.03 per diluted share, on net sales of $368,330,000 a year ago. Profit from operations was $32,378,000 compared to $28,505,000 a year ago. Profit before income taxes was $31,643,000 compared to $27,031,000 a year ago. Net cash provided by operating activities was $10,508,000 compared to $15,224,000 a year ago. Purchases of property, plant and equipment was $7,411,000 compared to $7,192,000 a year ago. The company revised earnings guidance for the full year of 2014. The company is increasing its estimate for 2014 full year net sales to the range of $800 million to $815 million, up 6% to 8%, compared to 2013. The company is raising the low end of the prior earnings range to $2.60 per diluted share, while maintaining the top end of the range at $2.80 per diluted share, an increase of 15% to 24%, compared to 2013, as adjusted. Previously, Tennant anticipated 2014 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 continues to anticipate that its 2014 earnings will be stronger in the second half of the year, as its growth investments gain further traction and generate incremental revenues and profits. Capital expenditures is expected in the range of $20 million to $22 million.

Tennant Company Presents at Jefferies 2014 Global Industrials Conference, Aug-12-2014 04:00 PM

Tennant Company Presents at Jefferies 2014 Global Industrials Conference, Aug-12-2014 04:00 PM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Thomas Paulson, Chief Financial Officer, Principal Accounting Officer and Senior Vice President.

Minnesota Twins Appoints Tennant Company Strategic Cleaning Solutions Partner

Tennant Company has been named the strategic cleaning partner for the Minnesota Twins. As a innovator of sustainable cleaning solutions, the partnership further enhances the Minnesota Twins' public commitment to water conservation and environmental sustainability. More than a dozen Tennant cleaning machines will now be used to help keep the 39,021-seat open-air ballpark cleaner, safer and healthier for employees and fans. Tennant equipment will help the Minnesota Twins reduce their total cost to clean, maintain environmental health and safety, enhance the facility's image and support their commitment to sustainability. Tennant provides cleaning equipment designed to handle the large-scale needs of the sporting events at Target Field. Tennant products offer the Minnesota Twins a comprehensive cleaning portfolio to clean the stadium inside and out. A sampling of Tennant products being used include: powerful sweepers that provide excellent indoor and outdoor sweeping performance with optimized dust control; ride-on and walk-behind scrubbers that clean up to three times longer than conventional scrubbing and use up to 70% less water with the innovative ec-H2O(TM) technology; Orbio(R) Multi-Surface Cleaning Solution, generated on-site with the Orbio 5000-Sc engineered by Tennant; and carpet extractors that provide fresh, clean carpets in minutes to reduce room and carpet area shutdown times.

 

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TNC

Industry Average

Valuation TNC Industry Range
Price/Earnings 32.6x
Price/Sales 1.7x
Price/Book 5.0x
Price/Cash Flow 31.9x
TEV/Sales 1.6x
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