Tennant Company (TNC) Tops Q3 EPS by 10c; Narrows FY15 EPS Outlook
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Tennant Company Reports 2015 Third Quarter Results
October 27, 2015 8:45 AM EDT
Company posts record third quarter net sales of $204.8 million;
Net
sales increased 1.1 percent, or grew 7.6 percent organically;
Gross
margin rose to 43.3 percent in third quarter;
Third
quarter adjusted diluted EPS up 7.9 percent to $0.68;
Third
quarter diluted EPS, as adjusted, on a Constant Currency basis
increased 33.3 percent;
Incurs non-cash impairment
charge for city cleaning assets and related restructuring charge;
Company
narrows 2015 full year adjusted earnings guidance range and lowers sales
guidance range
MINNEAPOLIS--(BUSINESS WIRE)--... More
