Tennant Company Reports 2020 Third-Quarter Results
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Tennant Co. (TNC) Tops Q3 EPS by 54c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
October 29, 2020 9:15 AM EDTTennant Co. (NYSE: TNC) reported Q3 EPS of $0.90, $0.54 better than the analyst estimate of $0.36. Revenue for the quarter came in at $261.9 million versus the consensus estimate of $237.6 million.
Net sales of $261.9 million, a decrease of 7.1 percent organicallyGAAP net income of $11.7 million, or $0.63 diluted earnings per share; adjusted diluted EPS of $0.90 per shareAdjusted EBITDA of $32.6 million, up 120 basis points to 12.4 percent of salesCash flow from operations of $48.9 millionCompany reinstates 2020 guidance for net sales, adjustedIn the third quarter, we saw encouraging trends across all our... More
