Last $66.97 USD
Change Today -0.05 / -0.07%
Volume 91.5K
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As of 8:04 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

tennant co (TNC) Key Developments

Tennant Company Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Plans to Introduce 36 New Products in 2015

Tennant Company announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of USD 216,277,000 against USD 195,140,000 a year ago. Profit from operations was USD 22,615,000 against USD 17,669,000 a year ago. Profit before income taxes was USD 21,541,000 against USD 17,451,000 a year ago. Net earnings were USD 17,541,000 against USD 10,301,000 a year ago. Diluted net earnings per share were USD 0.93 against USD 0.55 a year ago. Profit from operations - as adjusted was USD 22,615,000 against USD 19,246,000 a year ago. Profit before income taxes - as adjusted was USD 21,541,000 against USD 19,028,000 a year ago. Net earnings - as adjusted was USD 17,541,000 against USD 12,216,000 a year ago. Diluted net earnings per share - as adjusted were USD 0.93 against USD 0.65 a year ago. For the full year, the company reported net sales of USD 821,983,000 against USD 752,011,000 a year ago. Profit from operations was USD 72,097,000 against USD 62,403,000 a year ago. Profit before income taxes was USD 69,538,000 against USD 59,878,000 a year ago. Net earnings were USD 50,651,000 against USD 40,231,000 a year ago. Diluted net earnings per share were USD 2.70 against USD 2.14 a year ago. Net cash provided by operating activities was USD 59,362,000 against USD 59,814,000 a year ago. Purchases of property, plant and equipment was USD 19,583,000 against USD 14,775,000 a year ago. Profit from operations - as adjusted was USD 72,097,000 against USD 65,420,000 a year ago. Profit before income taxes - as adjusted was USD 69,538,000 against USD 62,895,000 a year ago. Diluted net earnings per share - as adjusted were USD 2.70 against USD 2.26 a year ago. The company estimates 2015 full year net sales in the range of USD 825 million to USD 855 million, up 0.4% to 4.0%, or approximately 5% to 9% organically, assuming an unfavorable foreign currency exchange impact on sales in the range of 4% to 6%. The company expects 2015 full year earnings in the range of USD 2.40 to USD 2.70 per diluted share. Foreign currency exchange headwinds in 2015 are estimated to negatively impact operating profit in the range of USD 10 million to USD 12 million, or approximately USD 0.37 to USD 0.44 earnings per diluted share. The estimated higher effective tax rate in 2015 is anticipated to negatively impact earnings per diluted share by approximately USD 0.14. The company expects its 2015 financial results to be stronger in the second half of the year. Capital expenditures in the range of USD 25 million to USD 28 million; and an effective tax rate of approximately 31%, including the anticipated enactment of the 2015 Federal R&D tax credit. The company is on track to introduce 36 new products in 2015, on top of 55 new products launched from 2012 to 2014.

Tennant Company Declares Quarterly Cash Dividend, Payable on March 16, 2015

Directors of Tennant Company declared a regular quarterly cash dividend of 20 cents per share payable March 16, 2015, to shareholders of record at the close of business on March 2, 2015.

Tennant Company to Report Q4, 2014 Results on Feb 24, 2015

Tennant Company announced that they will report Q4, 2014 results at 12:45 PM, GMT Standard Time on Feb 24, 2015

Tennant Company, Q4 2014 Earnings Call, Feb 24, 2015

Tennant Company, Q4 2014 Earnings Call, Feb 24, 2015

Tennant Company Presents at 15th Annual CJS Securities "New Ideas for the New Year" Investor Conference, Jan-14-2015

Tennant Company Presents at 15th Annual CJS Securities "New Ideas for the New Year" Investor Conference, Jan-14-2015 . Venue: Four Seasons 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.

 

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TNC

Industry Average

Valuation TNC Industry Range
Price/Earnings 24.8x
Price/Sales 1.5x
Price/Book 4.4x
Price/Cash Flow 24.3x
TEV/Sales 1.4x
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