Tennant reports Q3 adjusted EPS $1.39, two estimates $1.43

Reports Q3 revenue $315.8M, two estimates $319.4M. “We are pleased to report Tennant’s (TNC) strong third quarter results, continuing the trend from the first half of 2024 of delivering growth in organic net sales and Adjusted EBITDA as we progress toward normalized backlog levels by the end of 2024,” said Dave Huml, Tennant President and Chief Executive Officer. “This quarter benefited from strong pricing realization across all regions and represents the second consecutive quarter with strong order growth in each of our geographies. Given the robust reception to our recent product introductions and a solid pipeline of upcoming products, combined with expanded go-to-market strategies and a disciplined pricing approach, we are well positioned to achieve our 2024 guidance and execute our enterprise growth strategy effectively.”