Market Summary
USD73.10-0.91
Market Closed-1.23%
TNC Stock Price
TNC RSI Chart
TNC Valuation
TNC Price/Sales (Trailing)
TNC Profitability
TNC Fundamentals
TNC Revenue
TNC Earnings
Price Action
52 Week Range
54.9080.52
(Low)(High)
Last 7 days
-4.5%
Last 30 days
-3.1%
Last 90 days
3.9%
Trailing 12 Months
16.9%
TNC Financial Health
TNC Investor Care
Peers (Alternatives to Tennant)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ITW | 67.9B | 15.9B | -7.66% | 9.55% | 22.38 | 4.26 | 10.22% | 12.62% |
IR | 24.3B | 6.2B | 2.49% | 20.56% | 40.13 | 4.1 | 15.83% | -12.49% |
XYL | 18.9B | 5.7B | -5.06% | 15.45% | 53.13 | 3.42 | 9.35% | -16.86% |
IEX | 15.3B | - | -1.71% | 6.21% | 26.14 | 5.23 | 15.09% | 23.05% |
NDSN | 12.6B | 2.6B | 2.03% | 0.40% | 25.39 | 4.87 | 6.00% | -0.05% |
| MID-CAP | ||||||||
DCI | 7.8B | 3.4B | 0.85% | 22.15% | 21.84 | 2.28 | 10.23% | 12.47% |
MIDD | 7.6B | 4.0B | -4.02% | -10.19% | 17.34 | 1.88 | 16.01% | -7.23% |
AQUA | 6.1B | 1.9B | 0.46% | 36.55% | 77.42 | 3.28 | 16.94% | 47.60% |
FLS | 4.4B | 3.8B | 1.74% | 8.83% | 23.32 | 1.22 | 7.69% | 140.86% |
| SMALL-CAP | ||||||||
SXI | 1.7B | 742.4M | 14.26% | 48.62% | 24.09 | 2.24 | 4.57% | 49.21% |
EPAC | 1.5B | 585.1M | 10.10% | 28.74% | 63.16 | 2.55 | 5.21% | -31.13% |
ERII | 1.4B | 106.4M | 9.72% | 22.50% | 141.27 | 13.08 | -0.99% | -35.55% |
TNC | 1.4B | 1.1B | -3.15% | 16.86% | 17.09 | 1.2 | 5.00% | 62.22% |
GRC | 651.6M | 579.3M | -1.67% | -17.09% | 64.06 | 1.12 | 47.99% | -66.05% |
Financials for Tennant
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 4.4% | 1,140 | 1,092 | 1,078 | 1,087 | 1,086 |
| Gross Profit | 6.3% | 448 | 421 | 406 | 415 | 424 |
| S&GA Expenses | 1.7% | 311 | 306 | 307 | 312 | 319 |
| R&D Expenses | 0.6% | 31.00 | 31.00 | 32.00 | 32.00 | 33.00 |
| EBITDA | 13.3% | 120 | 106 | 105 | 93.00 | - |
| EBITDA Margin | 11.8% | 0.11* | 0.10* | 0.09* | - | - |
| Earnings Before Taxes | 21.8% | 97.00 | 80.00 | 66.00 | 69.00 | 56.00 |
| EBT Margin | 18.1% | 0.07* | 0.06* | 0.05* | - | - |
| Interest Expenses | 55.3% | 12.00 | 8.00 | 8.00 | 4.00 | 5.00 |
| Net Income | 21.1% | 80.00 | 66.00 | 50.00 | 56.00 | 50.00 |
| Net Income Margin | 29.8% | 0.06* | 0.05* | 0.05* | - | - |
| Free Cahsflow | 15.2% | -50.10 | -59.10 | -13.90 | 21.00 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 1.4% | 1,101 | 1,085 | 1,005 | 1,025 | 1,050 |
| Current Assets | 1.2% | 582 | 575 | 522 | 521 | 525 |
| Cash Equivalents | 18.1% | 91.00 | 77.00 | 59.00 | 74.00 | 110 |
| Inventory | -1.5% | 204 | 207 | 200 | 189 | 184 |
| Net PPE | 1.6% | 183 | 180 | 166 | 169 | 171 |
| Goodwill | 1.6% | 185 | 182 | 169 | 180 | 190 |
| Liabilities | -0.9% | 608 | 613 | 579 | 591 | 613 |
| Current Liabilities | -1.8% | 257 | 262 | 244 | 265 | 266 |
| Long Term Debt | -0.4% | 294 | 295 | 276 | 261 | 277 |
| Shareholder's Equity | 4.5% | 492 | 471 | 425 | 434 | 437 |
| Retained Earnings | 4.2% | 477 | 458 | 439 | 428 | 416 |
| Additional Paid-In Capital | -5.4% | 53.00 | 56.00 | 57.00 | 55.00 | 55.00 |
| Accumulated Depreciation | 2.9% | 287 | 279 | 261 | 262 | 265 |
| Shares Outstanding | 0.1% | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 |
| Minority Interest | 0% | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Cashflow (Last 12 Months) | (In Thousands) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 164.1% | 16,100 | -25,100 | -32,300 | 8,000 | 40,900 |
| Share Based Compensation | -7.7% | 7,200 | 7,800 | 4,400 | 5,200 | 8,200 |
| Cashflow From Investing | 7.3% | -22,700 | -24,500 | -29,900 | -25,100 | -26,700 |
| Cashflow From Financing | -229.6% | -10,500 | 8,100 | -13,400 | -38,100 | -74,400 |
| Dividend Payments | 1.6% | 19,200 | 18,900 | 18,600 | 18,100 | 17,900 |
| Buy Backs | 300.0% | 20,000 | 5,000 | 15,000 | 20,000 | - |
Risks for TNC
What is the probability of a big loss on TNC?
60.8%
Probability that Tennant stock will be more than 20% underwater in next one year
50.4%
Probability that Tennant stock will be more than 30% underwater in next one year.
0%
Probability that Tennant stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TNC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Tennant was unfortunately bought at previous high price.
Drawdowns
Returns for TNC
Cumulative Returns on TNC
5.3%
10-Year Cumulative Returns
5.8%
7-Year Cumulative Returns
-0.3%
5-Year Cumulative Returns
5.8%
3-Year Cumulative Returns
What are the long-term rolling returns for TNC?
FIve years rolling returns for Tennant.
Annualized Returns
Which funds bought or sold TNC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | Toroso Investments, LLC | new | - | 404,000 | 404,000 | 0.01% |
2023-05-23 | ROYCE & ASSOCIATES LP | unchanged | - | 693,912 | 6,832,440 | 0.07% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -2.2 | 586,435 | 7,202,440 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -27.55 | -161,000 | 667,000 | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 42.35 | 766,000 | 2,079,000 | -% |
2023-05-17 | Thrivent Financial for Lutherans | added | 10.68 | 7,912,000 | 42,020,000 | 0.10% |
2023-05-16 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | new | - | 599,912 | 599,912 | -% |
2023-05-16 | Penn Capital Management Company, LLC | sold off | -100 | -2,607,120 | - | -% |
2023-05-16 | Baker Avenue Asset Management, LP | unchanged | - | 83.00 | 822 | -% |
2023-05-15 | Aigen Investment Management, LP | reduced | -10.09 | 281 | 367,115 | 0.05% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Tennant News
Schedule 13G FIlings of Tennant
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 15, 2023 | arrowmark colorado holdings llc | 9.33% | 1,735,429 | SC 13G/A | |
| Feb 14, 2023 | mairs & power inc | 8.8% | 1,632,438 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.54% | 2,146,009 | SC 13G/A | |
| Jan 23, 2023 | blackrock inc. | 16.4% | 3,054,544 | SC 13G/A | |
| Feb 14, 2022 | mairs & power inc | 9.1% | 1,683,174 | SC 13G/A | |
| Feb 14, 2022 | arrowmark colorado holdings llc | 10.90% | 2,020,661 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 11.04% | 2,046,034 | SC 13G/A | |
| Feb 10, 2022 | clearbridge investments, llc | 4.4% | 814,193 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 15.1% | 2,807,221 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 15.1% | 2,807,221 | SC 13G |
Recent SEC filings of Tennant
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 30, 2023 | 4 | Insider Trading | |
| May 30, 2023 | SD | SD | |
| May 25, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 144 | Notice of Insider Sale Intent | |
| May 22, 2023 | 8-K | Current Report | |
| May 15, 2023 | 4 | Insider Trading | |
| May 09, 2023 | 4 | Insider Trading | |
| May 05, 2023 | 4 | Insider Trading | |
| May 05, 2023 | 4 | Insider Trading | |
| May 05, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for TNC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-24 | McKnight Carol E. | sold | -528,678 | 76.2884 | -6,930 | svp, chief admin officer |
2023-05-24 | McKnight Carol E. | acquired | 363,271 | 52.42 | 6,930 | svp, chief admin officer |
2023-05-23 | McKnight Carol E. | sold | -297,259 | 77.5729 | -3,832 | svp, chief admin officer |
2023-05-23 | McKnight Carol E. | acquired | 271,934 | 70.9641 | 3,832 | svp, chief admin officer |
2023-05-11 | Huml David W. | sold (taxes) | -28,808 | 77.86 | -370 | president and ceo |
2023-05-07 | West Fay | sold (taxes) | -153,801 | 78.31 | -1,964 | senior vp, cfo |
2023-05-03 | Morse Timothy R. | acquired | - | - | 1,447 | - |
2023-05-03 | Zay Richard H. | sold | -295,512 | 79.46 | -3,719 | chief commercial officer |
2023-05-03 | Mulligan Donal L | acquired | - | - | 1,447 | - |
2023-05-03 | GREEN MARIA C | acquired | - | - | 1,447 | - |
Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.
TNC Income Statement
2023-03-31CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Millions | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Income Statement [Abstract] | ||
| Net sales | $ 305.8 | $ 258.1 |
| Cost of sales | 180.3 | 159.2 |
| Gross profit | 125.5 | 98.9 |
| Selling and administrative expense | 81.7 | 76.6 |
| Research and development expense | 7.9 | 7.7 |
| Operating income | 35.9 | 14.6 |
| Interest expense, net | (3.7) | (0.3) |
| Net foreign currency transaction (loss) gain | (0.1) | 0.6 |
| Other expense, net | (0.1) | (0.2) |
| Income before income taxes | 32.0 | 14.7 |
| Income tax expense | 7.7 | 4.4 |
| Net income | $ 24.3 | $ 10.3 |
| Net income per share | ||
| Net income per share, Basic (in dollars per share) | $ 1.32 | $ 0.56 |
| Net income per share, Diluted (in dollars per share) | $ 1.30 | $ 0.55 |
| Weighted average shares outstanding | ||
| Weighted average shares outstanding, Basic (in shares) | 18,449,430 | 18,463,419 |
| Weighted average shares outstanding, Diluted (in shares) | 18,682,268 | 18,799,732 |
TNC Balance Sheet
2023-03-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash, cash equivalents, and restricted cash | $ 91.4 | $ 77.4 |
| Receivables, less allowances of $7.8 and $6.1, respectively | 254.3 | 251.5 |
| Inventories | 203.6 | 206.6 |
| Prepaid and other current assets | 33.1 | 39.8 |
| Total current assets | 582.4 | 575.3 |
| Property, plant and equipment, less accumulated depreciation of $287.3 and $279.3, respectively | 182.8 | 179.9 |
| Operating lease assets | 33.4 | 31.8 |
| Goodwill | 185.0 | 182.0 |
| Intangible assets, net | 73.2 | 76.4 |
| Other assets | 43.9 | 39.7 |
| Total assets | 1,100.7 | 1,085.1 |
| LIABILITIES AND EQUITY | ||
| Current portion of long-term debt | 5.3 | 5.2 |
| Accounts payable | 117.6 | 126.1 |
| Employee compensation and benefits | 44.9 | 44.0 |
| Other current liabilities | 89.0 | 86.3 |
| Total current liabilities | 256.8 | 261.6 |
| Long-term debt | 293.8 | 295.1 |
| Long-term operating lease liabilities | 18.3 | 17.1 |
| Employee benefits | 13.3 | 13.2 |
| Deferred income taxes | 10.5 | 11.5 |
| Other liabilities | 14.8 | 14.5 |
| Total long-term liabilities | 350.7 | 351.4 |
| Total liabilities | 607.5 | 613.0 |
| Commitments and contingencies (Note 11) | ||
| Common stock, $0.375 par value; 60,000,000 shares authorized; 18,541,033 and 18,521,485 shares issued and outstanding, respectively | 7.0 | 7.0 |
| Additional paid-in capital | 53.0 | 56.0 |
| Retained earnings | 477.4 | 458.0 |
| Accumulated other comprehensive loss | (45.5) | (50.2) |
| Total Tennant Company shareholders' equity | 491.9 | 470.8 |
| Noncontrolling interest | 1.3 | 1.3 |
| Total equity | 493.2 | 472.1 |
| Total liabilities and total equity | $ 1,100.7 | $ 1,085.1 |