New insider activity at Tennant Co ( (TNC) ) has taken place on February 26, 2025.
CCO Richard Zay has recently sold 7,053 shares of Tennant Co stock, amounting to a total transaction value of $617,631.
Recent Updates on TNC stock
In the last 24 hours, Tennant Company has faced a mix of positive and challenging developments. The company reported record net sales and adjusted EBITDA for 2024, driven by strategic initiatives and strong order growth, particularly in the Americas and EMEA regions. However, Tennant is also dealing with significant risks related to the implementation of a new ERP system, which could lead to increased costs and operational disruptions. The company anticipates a slight decline in organic sales for 2025 due to a backlog headwind and currency impacts, but plans to counter these challenges through strategic investments and order growth. Additionally, Tennant is managing legal expenses from a recent jury ruling and investing in ERP modernization. Despite these challenges, the company’s forward-looking guidance remains positive, with expectations for continued margin expansion and strategic growth in its AMR product line.
More about Tennant Co
YTD Price Performance: 7.68%
Average Trading Volume: 188,981
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.64B