Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Tennant Company (TNC)
NYSE:TNC
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.3Last Year’s EPS
1.81Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 17, 2025
|% Change Since: -0.47%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights Tennant Company's successful execution of strategic initiatives, resulting in record net sales and strong order growth. However, challenges persist in APAC with significant declines in China, legal expenses, and ERP modernization costs. The company anticipates a slight organic sales decline in 2025 due to backlog headwinds and currency impacts. Overall, the sentiment reflects a positive trajectory with some notable hurdles.Company Guidance
During Tennant Company's fourth quarter and full year fiscal 2024 earnings conference call, the company provided guidance for 2025, highlighting several key metrics and strategic initiatives. Tennant anticipates net sales ranging between $1,210 million and $1,250 million, reflecting an organic sales decline of 1% to 4% due to a $125 million backlog headwind from 2024. Despite this, the company aims for order growth of 3.5% to 7%. Adjusted EBITDA is expected to be between $196 million and $209 million, with an adjusted EBITDA margin ranging from 16.2% to 16.7%. Tennant plans to manage inflation through cost-saving initiatives and pricing discipline, projecting a gross margin expansion of 30 basis points. The company also highlighted its commitment to strategic investments, including a $50 million ERP modernization project, and projected $10 million annual savings from restructuring efforts. Furthermore, Tennant plans to achieve an adjusted EPS of $5.70 to $6.20 per diluted share, with capital expenditures of approximately $20 million. The company is focused on expanding its AMR product line, targeting AMR revenue to exceed $100 million by 2027 and leveraging its strategic partnership with Brain Corp.Record Net Sales and EBITDA
For the full year, net sales reached $1.287 billion, adjusted EBITDA rose to $208.8 million, and the adjusted EBITDA margin expanded to 16.2%.
Strong Order Growth
Orders increased 6.4% over 2023, well above long-term targets, with volume growth over 5% in Q4 and consistent order growth across the last three quarters.
Successful AMR Product Expansion
AMR equipment sales reached $75 million in 2024, and the new X6 ROVR model will be launched, with AMR revenue targeted to exceed $100 million by 2027.
Strategic M&A and Investments
Activated M&A framework with investments in Brain Corp and acquisition of TCS, contributing to a long-term target of $150 million in net sales growth from M&A over three years.
---
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
---
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.
---
FAQ
When does Tennant Company (TNC) report earnings?
Tennant Company (TNC) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Tennant Company (TNC) earnings time?
Tennant Company (TNC) earnings time is at May 01, 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 2025 (Q1) is 1.3.
---