Tennant Co. (TNC) Tops Q3 EPS by 54c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus

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Go back to Tennant Co. (TNC) Tops Q3 EPS by 54c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus

Tennant Company Reports 2020 Third-Quarter Results

October 29, 2020 9:00 AM EDT

Net sales of $261.9 million, a decrease of 7.1 percent organically

GAAP net income of $11.7 million, or $0.63 diluted earnings per share; adjusted diluted EPS of $0.90 per share

Adjusted EBITDA of $32.6 million, up 120 basis points to 12.4 percent of sales

Cash flow from operations of $48.9 million

Company reinstates 2020 guidance for net sales, adjusted EBITDA and EPS

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