Tennant Company (TNC) Releases Earnings Results, Beats Expectations By $0.13 EPS

Tennant Company (TNC) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $0.72. The company posted revenue of $216.80 million in the period, compared to analysts expectations of $210.61 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Tennant Company opened for trading at $57.29 and hit $57.84 on the upside on Wednesday, eventually ending the session at $57.48, with a gain of 0.81% or 0.46 points. The heightened volatility saw the trading volume jump to 35,523 shares. Company has a market cap of $1,015 M.

In a different news, on Jun 10, 2016, Thomas Paulson (SVP, CFO) sold 14,981 shares at $56.00 per share price. According to the SEC, on Apr 28, 2016, Heidi M Wilson (SVP, General Counsel and Sec’y) sold 2,000 shares at $54.40 per share price. On Mar 5, 2015, Steven Alan Sonnenberg (director) sold 3,484 shares at $64.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Tennant Company (Tennant) provides cleaning products and solutions. The Company is engaged in designing manufacturing and marketing cleaning solutions. The Company is organized into four operating segments: North America; Latin America; Europe Middle East Africa and Asia Pacific. The Company offers products and solutions mainly consisting of mechanized cleaning equipment chemical-free and other sustainable cleaning technologies aftermarket parts and consumables equipment maintenance and repair service specialty surface coatings and business solutions such as financing rental and leasing programs. The Company offers its water-based sustainable cleaning offering ec-H2O on walk-behind and rider scrubbers. The Company’s markets include industries such as retail manufacturing/warehousing education healthcare and hospitality among others. The Company’s brands include Tennant Nobles Green Machines Alfa Uma Empresa Tennant and Orbio.

Tennant Company

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