Tennant Company Reports 2020 First-Quarter Results
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Tennant Co. (TNC) Tops Q1 EPS by 8c
May 6, 2020 9:02 AM EDTTennant Co. (NYSE: TNC) reported Q1 EPS of $0.57, $0.08 better than the analyst estimate of $0.49. Revenue for the quarter came in at $252.1 million versus the consensus estimate of $256.62 million.
Net sales of $252.1 million, decrease of 2.4 percent organicallyFirst-quarter GAAP net income of $5.2 million, or $0.28 diluted earnings per share; adjusted diluted EPS of $0.57 per shareAdjusted EBITDA of $26.1 million, or 10.4 percent of salesStrong cash and liquidity positionOur first quarter was the story of two strong months and one difficult one as our global operations weathered the impact of the coronavirus pandemic,... More
