Founded in 1870, Tennant Company (TNC), headquartered in Minneapolis, Minnesota, is a world leader in designing, manufacturing and marketing solutions that empower customers to achieve quality cleaning performance, reduce their environmental impact and help create a cleaner, safer, healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; cleaning tools and supplies; and coatings for protecting, repairing and upgrading surfaces. Tennant's global field service network is the most extensive in the industry. Tennant Company had sales of $1.14 billion in 2019 and has approximately 4,400 employees. Tennant has manufacturing operations throughout the world and sells products directly in 15 countries and through distributors in more than 100 countries. For more information, visit www.tennantco.com and www.ipcworldwide.com. The Tennant Company logo and other trademarks designated with the symbol '®' are trademarks of Tennant Company registered in the United States and/or other countries.
Company profile
Ticker
TNC
Exchange
Website
CEO
H. Chris Killingstad
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Anhui Rongen Environmental Protection Technology Co., Ltd. • Applied Kehrmaschinen GmbH • Applied Sweepers Holdings. Limited • CT Corporation Ltd. • Hefei Gaomei Cleaning Machines Co., Ltd. • Hofmans Machinefabriek en Constructiebedrijf B.V. • IP Cleaning Espana S.L. • IP Cleaning India Pvt. Ltd. • IP Cleaning S.r.l. • IP Cleaning Sverige AB ...
IRS number
410572550
TNC stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
15 Mar 23
DEF 14A
Definitive proxy
15 Mar 23
10-K
2022 FY
Annual report
23 Feb 23
8-K
Tennant Company Reports 2022 Fourth Quarter and Full Year Results and Provides Full Year 2023 Guidance
23 Feb 23
8-K
Amendments to Articles of Incorporation or Bylaws
19 Jan 23
8-K
Entry into a Material Definitive Agreement
17 Nov 22
10-Q
2022 Q3
Quarterly report
27 Oct 22
8-K
Tennant Company Reports 2022 Third Quarter Results
27 Oct 22
8-K
Tennant Company Reports 2022 Second Quarter Results
9 Aug 22
10-Q
2022 Q2
Quarterly report
9 Aug 22
Transcripts
TNC
Earnings call transcript
2022 Q3
27 Oct 22
TNC
Earnings call transcript
2022 Q2
10 Aug 22
TNC
Earnings call transcript
2022 Q1
30 Apr 22
TNC
Earnings call transcript
2021 Q4
26 Feb 22
TNC
Earnings call transcript
2021 Q3
2 Nov 21
TNC
Earnings call transcript
2021 Q2
6 Aug 21
TNC
Earnings call transcript
2021 Q1
8 May 21
TNC
Earnings call transcript
2020 Q4
28 Feb 21
TNC
Earnings call transcript
2020 Q3
31 Oct 20
TNC
Earnings call transcript
2020 Q2
2 Aug 20
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 77.40 mm | 77.40 mm | 77.40 mm | 77.40 mm | 77.40 mm | 77.40 mm |
| Cash burn (monthly) | (no burn) | 3.85 mm | (no burn) | (no burn) | (no burn) | 2.09 mm |
| Cash used (since last report) | n/a | 11.62 mm | n/a | n/a | n/a | 6.31 mm |
| Cash remaining | n/a | 65.78 mm | n/a | n/a | n/a | 71.09 mm |
| Runway (months of cash) | n/a | 17.1 | n/a | n/a | n/a | 34.0 |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 292 |
| Opened positions | 72 |
| Closed positions | 25 |
| Increased positions | 100 |
| Reduced positions | 72 |
| 13F shares | Current |
|---|---|
| Total value | 3.70 tn |
| Total shares | 52.17 mm |
| Total puts | 18.50 k |
| Total calls | 9.60 k |
| Total put/call ratio | 1.9 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 8.92 mm | $639.17 bn |
| Vanguard | 6.44 mm | $461.35 bn |
| STT State Street | 3.58 mm | $256.40 bn |
| Mairs & Power | 2.46 mm | $176.34 bn |
| Dimensional Fund Advisors | 2.35 mm | $169.11 bn |
| Brown Advisory | 1.82 mm | $130.08 bn |
| Capital World Investors | 1.69 mm | $121.26 bn |
| Kayne Anderson Rudnick Investment Management | 1.55 mm | $110.88 bn |
| Silvercrest Asset Management | 1.39 mm | $99.37 bn |
| MCQEF Macquarie | 1.20 mm | $86.11 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Mar 23 | Arvani Azita | Common Stock | Sell | Dispose S | No | No | 70.688 | 2,320 | 164.00 k | 12,718 |
| 7 Mar 23 | Arvani Azita | Common Stock | Option exercise | Acquire M | No | No | 46.59 | 2,320 | 108.09 k | 15,038 |
| 7 Mar 23 | Arvani Azita | Stock Option Common Stock | Option exercise | Dispose M | No | No | 46.59 | 2,320 | 108.09 k | 0 |
| 28 Feb 23 | West Fay | Common Stock | Grant | Acquire A | No | No | 0 | 3,086 | 0.00 | 19,199 |
| 28 Feb 23 | West Fay | Employee Stock Option Common Stock | Grant | Acquire A | No | No | 72.88 | 9,290 | 677.06 k | 9,290 |
| 28 Feb 23 | David W. Huml | Common Stock | Grant | Acquire A | No | No | 0 | 9,358 | 0.00 | 40,225 |
| 28 Feb 23 | David W. Huml | Common Stock | Payment of exercise | Dispose F | No | No | 72.88 | 1,014 | 73.90 k | 30,867 |
| 28 Feb 23 | David W. Huml | Common Stock | Grant | Acquire A | No | No | 0 | 3,599 | 0.00 | 31,881 |
| 28 Feb 23 | David W. Huml | Employee Stock Option Common Stock | Grant | Acquire A | No | No | 72.88 | 28,170 | 2.05 mm | 28,170 |
| 28 Feb 23 | Richard H. Zay | Common Stock | Grant | Acquire A | No | No | 0 | 2,743 | 0.00 | 16,688 |