Edition:
United States

Tennant Co (TNC.N)

TNC.N on New York Stock Exchange

70.80USD
18 Apr 2018
Change (% chg)

$-0.10 (-0.14%)
Prev Close
$70.90
Open
$70.95
Day's High
$71.45
Day's Low
$70.80
Volume
35,566
Avg. Vol
36,754
52-wk High
$76.75
52-wk Low
$59.00

Latest Key Developments (Source: Significant Developments)

Tennant Co Reports Q4 Adjusted Earnings Per Share $0.34
Thursday, 22 Feb 2018 08:45am EST 

Feb 22 (Reuters) - Tennant Co ::TENNANT COMPANY REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS.SEES Q1 2018 EARNINGS PER SHARE $0.15 TO $0.20.Q4 ADJUSTED EARNINGS PER SHARE $0.34.SEES FY 2018 GAAP EARNINGS PER SHARE $1.70 TO $1.90.SEES FY 2018 SALES UP 6.6 TO 9.7 PERCENT.SEES FY 2018 SALES $1.07 BILLION TO $1.1 BILLION.Q4 SALES ROSE 31.9 PERCENT TO $279.3 MILLION.‍Q4 LOSS PER SHARE OF $0.18​.SEES 2018 CAPITAL EXPENDITURES IN RANGE OF $25 MILLION TO $30 MILLION.Q4 EARNINGS INCLUDED SPECIAL ITEMS THAT REDUCED EARNINGS BY A TOTAL OF $12.8 MILLION, OR $0.52 PER SHARE.‍EXPECTS 2018 FULL YEAR REPORTED EARNINGS ON AN AS-ADJUSTED BASIS IN RANGE OF $1.80 TO $2.00 PER SHARE​.TENNANT - INCURRED PROVISIONAL INCOME TAX CHARGE OF $2.4 MILLION, OR $0.13 PER SHARE, ON ESTIMATED IMPACTS OF U.S. TAX CUTS AND JOBS ACT IN QUARTER.Q4 EARNINGS PER SHARE VIEW $0.34, REVENUE VIEW $262.1 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Nilfisk Responds To Merger Recommendation from Primestone Capital
Thursday, 14 Dec 2017 10:13am EST 

Dec 14 (Reuters) - NILFISK HOLDING A/S ::NILFISK - IS AWARE OF A PUBLIC FILING MADE BY MAJOR SHAREHOLDER PRIMESTONE CAPITAL WITH SEC.FILING INCLUDES A RECOMMENDATION FOR A MERGER BETWEEN TENNANT AND NILFISK.- PRIMESTONE CAPITAL LLP HAS MADE NILFISK AWARE OF ITS FILING AND INITIATIVE.NILFISK HOLDING A/S - STRATEGY CONTINUES TO BE TO SIMPLIFY ITS BUSINESS AND TO GROW ORGANICALLY AND THROUGH M&A.  Full Article

Primestone Capital Reports 5.2 Pct Stake In Tennant Co ‍​
Wednesday, 13 Dec 2017 08:37am EST 

Dec 13 (Reuters) - Tennant Co ::PRIMESTONE CAPITAL LLP REPORTS 5.2 PERCENT STAKE IN TENNANT CO AS OF DECEMBER 4, 2017 - SEC FILING‍​.PRIMESTONE CAPITAL - TENNANT SHOULD UNDERTAKE REVIEW PROCESS REGARDING CONSOLIDATION DEAL WITH NILFISK HOLDING A/S.PRIMESTONE CAPITAL​ SAYS ACQUIRED TENNANT CO'S COMMON STOCK BECAUSE IT BELIEVES THE COMMON STOCK REPRESENTS "AN ATTRACTIVE INVESTMENT OPPORTUNITY".PRIMESTONE CAPITAL - INTEND TO CONTINUE DIALOGUE WITH TENNANT AND NILFISK.  Full Article

Tennant Company reports Q3 EPS $0.20
Thursday, 2 Nov 2017 08:45am EDT 

Nov 2 (Reuters) - Tennant Co :Tennant company reports 2017 third quarter results.Sees FY 2017 adjusted earnings per share $1.50 to $1.70.Sees FY 2017 gaap earnings per share $0.05 to $0.25.Sees FY 2017 sales $960 million to $990 million.Q3 sales rose 31 percent to $262 million.Q3 adjusted earnings per share $0.32.Q3 earnings per share $0.20.Q3 earnings per share view $0.63 -- Thomson Reuters I/B/E/S.‍Reaffirms 2017 full year net sales guidance range and lowers eps guidance range​.FY2017 earnings per share view $2.29, revenue view $979.7 million -- Thomson Reuters I/B/E/S.Sees ‍capital expenditures in range of $20 million to $25 million in 2017 ​.‍Q3 included special items that reduced earnings by $0.12 per share for costs related to IPC Group Acquisition​.Sees ‍gross margin performance in range of 41 percent to 42 percent in 2017​.  Full Article

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

BRIEF-Tennant Co Reports Q4 Adjusted Earnings Per Share $0.34

* TENNANT COMPANY REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS