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Last €50.59 EUR
Change Today +0.60 / 1.20%
Volume 0.0
TN1 On Other Exchanges
Symbol
Exchange
New York
As of 2:08 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

tennant co (TN1) Snapshot

Open
€50.49
Previous Close
€49.99
Day High
€50.59
Day Low
€50.49
52 Week High
04/16/15 - €62.94
52 Week Low
08/26/15 - €48.19
Market Cap
923.2M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
18.2M
EX-Date
08/27/15
P/E TM
--
Dividend
€0.80
Dividend Yield
1.37%
Current Stock Chart for TENNANT CO (TN1)

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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 Presents at Jefferies 11th Annual Industrials Conference, Aug-10-2015 02:00 PM

Tennant Company Presents at Jefferies 11th Annual Industrials Conference, Aug-10-2015 02:00 PM. Venue: Grand Hyatt, 109 E. 42nd Street, New York, New York, United States. Speakers: Thomas Paulson, Chief Financial Officer and Senior Vice President.

Tennant Company Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year 2015; Plan to Release Three New Products in Second Half Year of 2015

Tennant Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company posted consolidated net sales of $215.4 million, up nearly 4% organically compared to $219.1 million from a year ago. Excluding an unfavorable foreign currency exchange impact of about 5.5%, organic sales grew approximately 3.8% in the 2015 second quarter. The second quarter results were led by robust sales to strategic accounts in the large market of North America. Net earnings were $14.8 million or $0.79 per share. In the year-ago quarter, the company reported net earnings of $15.5 million or $0.83 per share. The 2015 second quarter operating profit totaled $22.6 million or 10.5% of sales, compared to the year-earlier operating profit at $23.1 million or 10.6% of sales. Profit before income taxes was $21,811,000 against $23,056,000 a year ago. Net earnings per diluted share were $0.79 against $0.83 a year ago. For the six months, the company reported net sales of $401,144,000 against $403,063,000 a year ago. Profit from operations was $30,841,000 against $32,378,000 a year ago. Profit before income taxes was $29,243,000 against $31,643,000 a year ago. Net earnings were $19,843,000 against $21,318,000 a year ago. Net earnings per diluted share were $1.06 against $1.74 a year ago. Net cash provided by operating activities was $6,573,000 against $10,508,000 a year ago. Purchases of property, plant and equipment was $7,594,000 against $7,411,000 a year ago. Due to the strength of the U.S. dollar in the 2015 first half, foreign currency exchange reduced operating profit by approximately $5.3 million. The company focus remains on creating value through new product introductions and expanding global sales and marketing initiatives to increase global market share, while concurrently running a more efficient business to raise productivity. The company anticipates this will lead to double-digit organic operating profit growth in 2015. The company anticipates EMEA and APAC organic sales growth for the 2015 full year will be positive. The company still anticipates achieving approximately a 43% gross margin for the 2015 full year. Based on year-to-date results and expectations of performance for the remainder of the year, the company is reaffirming earnings guidance for the 2015 full year, and lowering the high end of sales guidance by $10 million. The company now estimates 2015 full year net sales in the range of $825 million to $845 million, up 0.4% to 2.8%, or approximately 5% to 9% organically, assuming an unfavorable foreign currency impact on sales in the range of 4% to 6%. Previously, the company had anticipated 2015 full year net sales in the range of $825 million to $855 million. The lowered the high end of sales guidance ranges to reflect the first half actual results. The company continues to estimate 2015 full year earnings in the range of $2.40 to $2.70 per share. Foreign currency exchange headwinds in 2015 are estimated to reduce operating profit in the range of $10 million to $12 million, or approximately $0.37 to $0.44 per share. However, the company anticipates organic operating profit growth in 2015. The estimated higher effective tax rate in 2015 of approximately 31% compared to 27.2% in 2014 is anticipated to negatively impact earnings per share by about $0.14. Research and development expense is be approximately 4% of sales; capital expenditures in the range of $25 million to $28 million. The company announced that it plans to introduce three additional new products in the second half of 2015, on top of 55 new products launched from 2012 to 2014. The new ec-H2O NanoClean technology will soon be available on the company’s full line of commercial scrubbers.

Tennant Company to Report Q2, 2015 Results on Jul 23, 2015

Tennant Company announced that they will report Q2, 2015 results at 12:45 PM, GMT Standard Time on Jul 23, 2015

 

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Industry Analysis

TN1

Industry Average

Valuation TN1 Industry Range
Price/Earnings 21.8x
Price/Sales 1.3x
Price/Book 3.8x
Price/Cash Flow 21.3x
TEV/Sales 1.2x
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