Tennant board authorizes buyback of additional 2M shares of common stock

Directors of Tennant (TNC) authorized a new share repurchase program of up to 2,000,000 shares of the Company’s common stock, effective February 11, 2025. This authorization is in addition to approximately 580,000 shares remaining under the company’s current repurchase program. Share repurchases under these programs may be made through open-market and privately negotiated transactions from time to time and in amounts that management deems appropriate. The timing of share repurchases will depend upon market conditions and other corporate considerations. Tennant has approximately 18,800,000 shares outstanding.