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Last €54.09 EUR
Change Today +0.07 / 0.13%
Volume 0.0
TN1 On Other Exchanges
Symbol
Exchange
Berlin
As of 2:08 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

tennant co (TN1) Snapshot

Open
€54.15
Previous Close
€54.02
Day High
€54.15
Day Low
€54.09
52 Week High
04/16/15 - €62.94
52 Week Low
10/13/14 - €50.33
Market Cap
987.1M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
18.2M
EX-Date
05/27/15
P/E TM
--
Dividend
€0.81
Dividend Yield
1.25%
Current Stock Chart for TENNANT CO (TN1)

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tennant co (TN1) Related Businessweek News

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tennant co (TN1) Details

Tennant Company designs, manufactures, and markets cleaning solutions worldwide. It offers floor maintenance and outdoor cleaning equipment, chemical-free and other sustainable cleaning technologies, aftermarket parts and consumables, and specialty surface coatings. The company also provides equipment maintenance and repair services; and business solutions, such as financing, rental, and leasing programs. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. The company markets its products to building service contract cleaners and various governmental entities through organization, and a network of authorized distributors under the Tennant, Nobles, Green Machines, Alfa Uma Empresa Tennant, and Orbio brands. Tennant Company was founded in 1870 and is headquartered in Minneapolis, Minnesota.

3,087 Employees
Last Reported Date: 02/27/15
Founded in 1870

tennant co (TN1) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $684.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $387.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $301.7K
Senior Vice President of The Americas
Total Annual Compensation: $293.5K
Compensation as of Fiscal Year 2014.

tennant co (TN1) Key Developments

Tennant Company Enters into Amended and Restated Credit Agreement to Amend and Restate the Credit Agreement Dated May 5, 2011

On June 30, 2015, Tennant Company entered into an amended and restated credit agreement which amends and restates the credit agreement dated May 5, 2011, with JPMorgan Chase Bank, N. A., as administrative agent and collateral agent, U.S. Bank National Association, as syndication agent, Wells Fargo Bank, National Association, and RBS Citizens, N.A., as co-documentation agents, and the Lenders from time to time party thereto, as amended by Amendment No. 1 dated April 25, 2013. The amended credit agreement principally provides the following changes to the credit agreement: extends the maturity date to June 30, 2020; removes RBS Citizens, N.A. as a co-documentation agent; changes the covenant regarding the Company's indebtedness to EBITDA ratio at the end of each quarter to not greater than 3.25 to 1; changes the covenant restricting the company's from paying dividends or repurchasing stock to allow no dividends or repurchases, if, after giving effect to such payments the Company's leverage ratio is greater than 3.25 to 1; changes the covenant restricting the company from making acquisitions, if after giving pro-forma effect to such acquisition, the company's leverage ratio is greater than 3.00 to 1, in such case limiting acquisitions to $25 Million; changes the fees for committed funds under the Credit Agreement to an annual rate ranging from 0.175% to 0.300%, depending on the company's leverage ratio; changes the rate at which Eurocurrency borrowings under the credit agreement bear interest to a rate per annum equal to adjusted LIBOR plus an additional spread of 1.075% to 1.700%, depending on the company's leverage ratio; changes the rate at which ABR borrowings bear interest to a rate per annum equal to the great of the prime rate, the federal funds rate plus 0.50% and the adjusted LIBOR rate for a one month period plus 1.0%, plus, in any such case, an additional spread of 0.075% to 0.700%, depending on the company's leverage ratio; and changes related to new or recently revised financial regulations and other compliance matters. On June 30, 2015, the company entered into Amendment No. 3 to its Private Shelf Agreement, which amends the Private Shelf Agreement, dated as of July 29, 2009, by and among the Company, Prudential Investment Management Inc. and Prudential affiliates from time to time party thereto, as amended by Amendment No. 1 dated May 5, 2011, and Amendment No. 2 dated July 24, 2012. The principal change effected by the Amendment is an extension of the Issuance Period for Shelf Notes under the Shelf Agreement and to make the same corresponding changes made to the Credit Agreement. The Issuance Period now expires on June 30, 2018.

Tennant Company Introduces T300 Scrubber Offers Innovative Technology and Unmatched Versatility

Tennant Company introduced automatic scrubber - the T300 and T300e Walk-Behind Scrubber adding to its broad portfolio of commercial floor scrubbers and cleaning solutions. The first scrubber of its kind equipped with Tennant’s next generation cleaning innovation ec-H2O NanoClean™ the T300/T300e scrubber consistently delivers reliable, high-performance results while lowering cleaning costs, according to key Tennant customers who have tested the machine in their own tough cleaning environments.

Tennant Company Declares Quarterly Cash Dividend, Payable on June 15, 2015

Directors of Tennant Company declared a regular quarterly cash dividend of 20 cents per share payable June 15, 2015, to shareholders of record at the close of business on May 29, 2015.

 

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Industry Analysis

TN1

Industry Average

Valuation TN1 Industry Range
Price/Earnings 22.8x
Price/Sales 1.3x
Price/Book 3.9x
Price/Cash Flow 22.2x
TEV/Sales 1.2x
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