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Tennant Company (TNC)
:TNC
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.37Last Year’s EPS
1.92Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -3.14%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a positive outlook with strong performance in the Americas and successful strategic initiatives like the acquisition in Eastern Europe and the growth of the AMR portfolio. However, challenges in APAC and EMEA, along with a significant backlog reduction in industrial equipment, pose potential concerns for 2025.Company Guidance
During Tennant Company's Q3 2024 earnings call, several key metrics were highlighted regarding the company's performance and future guidance. Net sales for the third quarter increased by 3.6% to $315.8 million, with adjusted EBITDA rising to $47.9 million, resulting in an adjusted EBITDA margin of 15.2%. Order rates showed robust growth, with high single-digit increases compared to the same period in 2023, and year-to-date order rates improved by mid-single digits, surpassing the long-term revenue growth target of 3% to 5%. The company is on track to reduce its backlog by $130 million by the end of 2024, exceeding the initial forecast of $80 million to $100 million. Tennant reaffirmed its 2024 guidance, projecting net sales between $1.280 billion and $1.305 billion, adjusted EPS of $6.15 to $6.55, and an adjusted EBITDA range of $205 million to $215 million, with an adjusted EBITDA margin of 16% to 16.5%.Strong Third Quarter Performance
Net sales increased 3.6% to $315.8 million, and adjusted EBITDA rose to $47.9 million with a margin of 15.2%. Order rates increased in high single digits compared to the same period in 2023.
Americas Outperformance
In the Americas, order rates were significantly up compared to the prior year period, driven by pricing and volume growth.
Successful Acquisition and Integration in EMEA
The TCS acquisition in Eastern Europe drove nearly 6% growth for the region in the quarter and is performing ahead of expectations.
AMR Portfolio Growth
AMR products now account for approximately 5% of net sales, with over 2,200 units deployed in 2024, bringing the cumulative total to over 8,700 units.
ERP Modernization on Track
ERP project is on track with a significant investment for globally standardized processes, expected to enable scalable growth.
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TNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $87.27 | $82.91 | -5.00% |
| Aug 08, 2024 | $95.42 | $91.88 | -3.71% |
| May 03, 2024 | $114.66 | $106.01 | -7.54% |
| Feb 22, 2024 | $100.70 | $100.51 | -0.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tennant Company (TNC) report earnings?
Tennant Company (TNC) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Tennant Company (TNC) earnings time?
Tennant Company (TNC) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TNC EPS forecast?
TNC EPS forecast for the fiscal quarter 2024 (Q4) is 1.37.
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