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Tennant Co (TNC.N)

TNC.N on New York Stock Exchange

63.25USD
17 Aug 2017
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$-0.50 (-0.78%)
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Latest Key Developments (Source: Significant Developments)

Tennant Co reports Q2 loss per share $0.15
Wednesday, 2 Aug 2017 08:45am EDT 

Aug 2 (Reuters) - Tennant Co :Tennant Company reports 2017 second quarter results.Sees FY 2017 adjusted earnings per share $2.20 to $2.40.Q2 adjusted earnings per share $0.60 excluding items.Q2 loss per share $0.15.Sees FY 2017 sales $960 million to $990 million.Q2 sales rose 24.9 percent to $270.8 million.Q2 earnings per share view $0.79 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share $0.85 to $1.05.Tennant Co says reaffirms 2017 full year net sales guidance range and lowers EPS guidance range.Tennant Co - Impact of 2016 Florock acquisition and 2017 IPC acquisition increased consolidated net sales by 15.9 percent in quarter.Tennant Co sees FY capital expenditures in range of $25 million to $30 million.  Full Article

Tennant Co enters into credit agreement - SEC filing
Thursday, 27 Jul 2017 03:39pm EDT 

July 27 (Reuters) - Tennant Co ::On April 4, 2017, Tennant company and foreign subsidiary borrowers from time to time party thereto entered into a credit agreement.2017 credit agreement provides co and certain of its foreign subsidiaries access to a senior secured credit facility until April 4, 2022.2017 credit agreement consists of a multi-tranche term loan facility in an amount up to $400 million - SEC filing.2017 credit deal also consists of a revolving facility in an amount up to $200 million with an option to expand revolving facility by $150 million.  Full Article

Tennant Company announces pricing of senior notes offering
Thursday, 13 Apr 2017 09:00am EDT 

Tennant Co : Tennant Company announces pricing of senior notes offering .Priced $300 million in aggregate principal amount of 5.625% senior notes due May 1, 2025.  Full Article

Tennant Company announces offering of its senior notes due 2025
Friday, 7 Apr 2017 09:05am EDT 

Tennant Co : Tennant Company announces offering of its senior notes due 2025 . Tennant Co says intends to offer $300 million in aggregate principal amount of its senior notes due 2025 .Tennant - intends to use net proceeds of offering of senior notes to refinance term loan borrowed by co as part of financing for deal of IP cleaning.  Full Article

Tennant and foreign subsidiary borrowers from time to time party thereto entered into a credit agreement - SEC Filing
Wednesday, 5 Apr 2017 04:50pm EDT 

Tennant Co : Tennant Co - On April 4, 2017, co and foreign subsidiary borrowers from time to time party thereto entered into a credit agreement - SEC Filing . Tennant Co - Agreement provides co, certain foreign subsidiaries access to a senior secured credit facility until April 4, 2022 . Tennant- Agreement consisting of multi-tranche term loan facility up to $400 million, revolving facility up to $200 million with option to expand by $150 million . Tennant Co - In connection with agreement, co granted lenders a security interest in substantially all its personal property .Tennant Co - In connection with agreement, co pledged stock of its domestic subsidiaries and 65 percent of stock of its first tier foreign subsidiaries.  Full Article

Tennant company announces agreement with Ambienta to acquire IPC Group
Thursday, 23 Feb 2017 08:45am EST 

Tennant Co - : Tennant company announces agreement with Ambienta to acquire IPC group . All-cash transaction valued at $350 million . Tennant anticipates that acquisition will be accretive to 2018 full year earnings per share . Tennant anticipates deal will provide incremental sales opportunities for both companies going forward . Tennant expects acquisition to be completed in 2017 q2 .Both companies' brands will continue to operate in their markets.  Full Article

Tennant announces exclusive agreement to distribute i-mop in North America
Monday, 13 Feb 2017 08:45am EST 

Tennant Co : Tennant announces exclusive agreement to distribute i-mop in North America .Tennant co-i-team North America will begin selling and servicing i-mop starting April 3, 2017.  Full Article

Tennant Company board authorizes quarterly dividend increase and repurchase of shares
Monday, 31 Oct 2016 05:00pm EDT 

Tennant Co : Increases quarterly cash dividend by 5 percent to $0.21 per share . Tennant Co - Tennant board of directors also authorized a new share repurchase program of up to one million shares of company's common stock . Tennant Co - new share repurchase program in addition to approximately 395,000 shares remaining under its current repurchase program .Tennant Company board authorizes 5 percent quarterly dividend increase and repurchase of additional one million shares.  Full Article

Tennant narrows 2016 full year sales and EPS guidance ranges
Tuesday, 25 Oct 2016 07:15am EDT 

Tennant Co : Tennant company reports 2016 third quarter results . Sees fy 2016 earnings per share $2.40 to $2.60 . Q3 earnings per share $0.64 . Sees fy 2016 sales $805 million to $815 million . Q3 sales $200.1 million versus i/b/e/s view $203.1 million . Q3 earnings per share view $0.62 -- Thomson Reuters I/B/E/S . Tennant co says company narrows 2016 full year sales and eps guidance ranges . Fy2016 earnings per share view $2.50, revenue view $812.7 million -- Thomson Reuters I/B/E/S . Tennant -foreign currency exchange headwinds in 2016 are estimated to negatively impact operating profit in range of $2 million to $3 million . Tennant co - foreign currency exchange headwinds in 2016 are estimated to negatively impact operating profit in the range of $2 million to $3 million . Tennant co - foreign currency exchange headwinds in 2016 estimated to negatively impact operating profit in range of about $0.08 to $0.12 per diluted share Further company coverage: [TNC.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tennant Co reports Q2 earnings of $0.85/share
Tuesday, 26 Jul 2016 08:45am EDT 

Tennant Co : Q2 earnings per share $0.85 . Q2 earnings per share view $0.72 -- Thomson Reuters I/B/E/S . Q2 sales $216.8 million versus I/B/E/S view $210.6 million . Tennant Co quarterly organic net sales rose 2.4 percent . Sees 2016 capital expenditures in range of $25 million to $30 million . Expects its 2016 financial results to be stronger in second half of year . Says on a "constant currency" basis 2016 full year earnings are anticipated to be in range of $2.50 to $2.70 per diluted share . Raises full year 2016 earnings per share view to between $2.35 to $2.60 . Sees full year 2016 sales $800 million to $820 million . Company narrows 2016 full year sales guidance, raises EPS guidance range . Company is on track to introduce 14 new products, mostly industrial machines, in 2016 . Narrowing FY revenue guidance, raising earnings guidance to reflect less adverse foreign currency exchange environment than previously anticipated . Estimated slightly higher effective tax rate in 2016 is also anticipated to negatively impact EPS by approximately $0.05 in 2016 . Full year 2016 earnings per share view $2.36, revenue view $807.6 million -- Thomson Reuters I/B/E/S .Foreign currency exchange headwinds in 2016 are estimated to negatively impact operating profit in range of $3 million to $4 million for 2016.  Full Article

BRIEF-Tennant Co enters into credit agreement - SEC filing

* On April 4, 2017, Tennant company and foreign subsidiary borrowers from time to time party thereto entered into a credit agreement