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Last $64.62 USD
Change Today -0.43 / -0.66%
Volume 71.8K
TNC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

tennant co (TNC) Snapshot

Open
$65.02
Previous Close
$65.05
Day High
$65.21
Day Low
$64.00
52 Week High
07/24/14 - $77.78
52 Week Low
05/23/14 - $62.28
Market Cap
1.2B
Average Volume 10 Days
59.9K
EPS TTM
$2.66
Shares Outstanding
18.4M
EX-Date
05/27/15
P/E TM
24.3x
Dividend
$0.80
Dividend Yield
1.24%
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, General Counsel and Se...
Total Annual Compensation: $301.7K
Senior Vice President of The Americas
Total Annual Compensation: $293.5K
Executive Officer
Total Annual Compensation: $359.6K
Compensation as of Fiscal Year 2014.

tennant co (TNC) Key Developments

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.

Tennant Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

Tennant Company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $185,740,000 against $183,979,000 a year ago. Unfavorable foreign currency exchange reduced consolidated net sales by approximately 5.0%. Organic net sales, which exclude the impact of foreign currency exchange (and acquisitions when applicable), increased approximately 6.0%. Profit from operations was $8,254,000 against $9,237,000 a year ago. Due to the strength of the U.S. dollar in the 2015 first quarter, foreign currency exchange reduced operating profit by approximately $1.9 million. Profit before income taxes was $7,432,000 against $8,587,000 a year ago. Net earnings were $5,026,000 against $5,795,000 a year ago. Diluted net earnings per share were $0.27 against $0.31 a year ago. Net cash used in operating activities was $2,122,000 against $3,913,000 a year ago. Cash from operations, which is typically negative in the first quarter due to the seasonality in the business. Purchases of property, plant and equipment was $4,129,000 against $3,511,000 a year ago. For 2015, based on its 2015 first quarter results and expectations of future performance, the company continues to estimate 2015 full year net sales in the range of $825 million to $855 million, up 0.4% to 4.0%, or up 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 $2.40 to $2.70 per diluted share. As stated previously, foreign currency exchange headwinds in 2015 are estimated to negatively impact operating profit in the range of $10 million to $12 million, or approximately $0.37 to $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 $0.14. The company expects its 2015 financial results to be stronger in the second half of the year. The company 2015 annual financial outlook includes the assumptions: Economic strength in North America and modest improvement in Europe, and growth in emerging markets; Increased foreign currency impact on sales for the full year in the range of an unfavorable 4% to 6%, with a $10 million to $12 million negative effect on operating profit; Gross margin performance of approximately 43%; R&D expense of approximately 4% of sales, as the company continues to invest in its core products and in water-based cleaning technologies; Capital expenditures in the range of $25 million to $28 million; and an effective tax rate of approximately 31%, including the anticipated enactment of the 2015 Federal R&D tax credit.

Tennant Company to Report Q1, 2015 Results on Apr 27, 2015

Tennant Company announced that they will report Q1, 2015 results at 10:00 AM, Central Standard Time on Apr 27, 2015

 

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Industry Analysis

TNC

Industry Average

Valuation TNC Industry Range
Price/Earnings 24.3x
Price/Sales 1.4x
Price/Book 4.4x
Price/Cash Flow 24.0x
TEV/Sales 1.3x
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