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Last $66.37 USD
Change Today +0.24 / 0.36%
Volume 47.3K
TNC On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

tennant co (TNC) Snapshot

Open
$65.91
Previous Close
$66.13
Day High
$66.65
Day Low
$65.64
52 Week High
07/24/14 - $77.78
52 Week Low
04/8/14 - $61.17
Market Cap
1.2B
Average Volume 10 Days
58.5K
EPS TTM
$2.70
Shares Outstanding
18.5M
EX-Date
02/26/15
P/E TM
24.6x
Dividend
$0.80
Dividend Yield
1.21%
Current Stock Chart for TENNANT CO (TNC)

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tennant co (TNC) 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 (TNC) 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 of Global Operations
Total Annual Compensation: $359.6K
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 (TNC) Key Developments

Tennant Company Adds New Backpack Vacuums to Full Line of Vacuum Solutions

Tennant Company has added four new backpack vacuums to its full line of vacuums, providing a vacuum solution for almost every environment. The Tennant V-BP-6, V-BP-10, Nobles Aspen-6 and Aspen-10 are designed for professional cleaners to make vacuuming easier, more comfortable and, ultimately, more productive. These enhanced backpack vacuums are designed with comfort and safety in mind, featuring a hiking harness designed by Deuter, the world leader in hiking backpacks. The Deuter harness can fully adjust to operator’s size and offers a breathable mesh to reduce operator exertion and minimize heat on the operator’s back. Other benefits of the new Tennant V-BP-6 and V-BP-10 include: a kettle plug with built-in 90-degree strain relief to protect the cord and an affixed on/off switch located on the hip belt; new, lower 67 dBA noise level and 4-stage filtration with HEPA; certified Gold by the Carpet and Rug Institute's seal of approval program when using the Hi-Performance Tool; three new tool kit options highlighted by the premium Sidewinder Kit that provides up to 50% more productive cleaning than traditional push-pull wands and increased vacuum water-lift of 119 in /3023 mm is greater than leading competitors.

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.

 

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Industry Analysis

TNC

Industry Average

Valuation TNC Industry Range
Price/Earnings 24.6x
Price/Sales 1.5x
Price/Book 4.4x
Price/Cash Flow 24.2x
TEV/Sales 1.3x
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