Tennant Co. (TNC) Tops Q3 EPS by 15c, Updates Guidance

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Tennant Company Reports 2018 Third-Quarter Results

October 24, 2018 8:45 AM EDT

Net sales of $273.3 million in the third quarter, up 4.3 percent

Organic sales rose 6.1 percent, led by the Americas and Asia-Pacific regions

Third-quarter GAAP diluted earnings per share of $0.52; Adjusted EPS excluding special items of $0.54

Adjusted EBITDA of $29.3 million, or 10.7 percent of sales

Company increases and narrows 2018 full-year guidance ranges for net sales, adjusted net earnings and adjusted EBITDA

MINNEAPOLIS--(BUSINESS WIRE)-- Tennant Company (Tennant) (NYSE: TNC), a world leader in... More