Tennant Company is a leading provider of cleaning solutions and equipment, specializing in the design, manufacture, and sale of a wide range of floor cleaning machines and surface maintenance products. The company offers an extensive portfolio that includes industrial and commercial equipment such as scrubbers, sweepers, and floor maintenance systems, aimed at ensuring cleanliness and safety in various environments, from warehouses to retail spaces. In addition to its hardware, Tennant focuses on sustainable practices and innovative technologies, providing effective solutions that improve indoor air quality and reduce water and energy consumption. The company is committed to delivering high-quality products and exceptional customer service to meet the distinct needs of its clients globally. Read More
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at water infrastructure stocks, starting with Energy Recovery (NASDAQ:ERII).
Tennant Company (NYSE: TNC) today announced that the company will report its first quarter 2025 financial results after the market closes on Wednesday, April 30, 2025, with a conference call to follow at 10:00 a.m. Eastern Time/9 a.m. Central Time on Thursday, May 1, 2025. The conference call will be webcast and can be accessed on the company’s website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the company’s website.
Tennant Company (NYSE: TNC), a world leader in cleaning equipment and solutions, today announced the launch of the X6 ROVR, its new mid-sized autonomous floor scrubber engineered to clean up to 75,000 square feet per cycle. Expanding on the proven performance of the compact X4 ROVR, the X6 ROVR is designed to meet the scale and complexity of larger commercial and light-industrial environments. The X6 ROVR includes an optional new Tennant XC1 docking station, allowing the machine to recharge between cleaning cycles, helping to reduce downtime and limit manual intervention.
Let’s dig into the relative performance of Watts Water Technologies (NYSE:WTS) and its peers as we unravel the now-completed Q4 water infrastructure earnings season.
Although the S&P 500 is down 1.4% over the past six months, Tennant’s stock price has fallen further to $84.99, losing shareholders 9% of their capital. This was partly due to its softer quarterly results and might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Tennant (NYSE:TNC) and the rest of the water infrastructure stocks fared in Q4.
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how water infrastructure stocks fared in Q4, starting with Xylem (NYSE:XYL).
Industrial cleaning equipment manufacturer Tennant Company reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.6% year on year to $328.9 million. On the other hand, the company’s full-year revenue guidance of $1.23 billion at the midpoint came in 7.3% below analysts’ estimates. Its non-GAAP profit of $1.52 per share was 10.7% above analysts’ consensus estimates.
Directors of Tennant Company (NYSE: TNC) authorized a new share repurchase program of up to 2,000,000 shares of the Company’s common stock, effective February 11, 2025.
Directors of Tennant Company (NYSE: TNC) today declared a regular quarterly cash dividend of $0.295 per share payable March 14, 2025, to shareholders of record at the close of business on February 28, 2025.
Tennant Company (NYSE: TNC) today announced that the company will report its fourth quarter and full-year fiscal 2024 financial results after the market closes on Monday, February 17, 2025, with a conference call to follow at 10:00 a.m. Eastern Time/9 a.m. Central Time on Tuesday, February 18, 2025. The conference call will be webcast and can be accessed on the company’s website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the company’s website.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the water infrastructure industry, including Mueller Water Products (NYSE:MWA) and its peers.
Tennant Company (NYSE: TNC), a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, today announced the release of lithium-ion battery-powered versions of its popular T12 and T16 scrubbers. This product innovation will support customers' productivity & sustainability goals.
Over the last six months, Tennant’s shares have sunk to $88.70, producing a disappointing 11.6% loss - a stark contrast to the S&P 500’s 14.4% gain. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
