Tennant Co. (TNC) Tops Q1 EPS by 57c, Offers Guidance

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Tennant Company Reports 2023 First Quarter Results

April 28, 2023 8:45 AM EDT

First quarter net income of $24.3 million on record net sales of $305.8 million, representing 18.5% sales growth, or 21.0% on an organic basis, and earnings per diluted share of $1.30 First quarter Adjusted EBITDA of $47.9 million, or 15.7% of sales; adjusted diluted EPS of $1.45 Company reaffirms guidance for full year 2023 net sales of $1,115 million to $1,155 million and for full year Adjusted EBITDA of $140 million to $160 million

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