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
Analyst ratings and price targets
Latest filings (excl ownership)
SD
Conflict minerals disclosure
30 May 23
8-K
Departure of Directors or Certain Officers
22 May 23
8-K
Submission of Matters to a Vote of Security Holders
2 May 23
10-Q
2023 Q1
Quarterly report
28 Apr 23
8-K
Tennant Company Reports 2023 First Quarter Results
28 Apr 23
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
Transcripts
TNC
Earnings call transcript
2022 Q4
23 Feb 23
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
2023 Q1
28 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
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Revenue | |||||
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| 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) | 91.40 mm | 91.40 mm | 91.40 mm | 91.40 mm | 91.40 mm | 91.40 mm |
| Cash burn (monthly) | (no burn) | 1.58 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 3.32 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 88.08 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 55.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
| 13F holders | Current |
|---|---|
| Total holders | 280 |
| Opened positions | 38 |
| Closed positions | 50 |
| Increased positions | 104 |
| Reduced positions | 90 |
| 13F shares | Current |
|---|---|
| Total value | 3.43 tn |
| Total shares | 50.30 mm |
| Total puts | 14.70 k |
| Total calls | 4.10 k |
| Total put/call ratio | 3.6 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 8.57 mm | $586.69 bn |
| Vanguard | 6.55 mm | $448.37 bn |
| STT State Street | 3.47 mm | $237.54 bn |
| Mairs & Power | 2.36 mm | $161.79 bn |
| Dimensional Fund Advisors | 2.28 mm | $156.12 bn |
| Brown Advisory | 1.75 mm | $119.71 bn |
| Capital World Investors | 1.69 mm | $115.94 bn |
| Silvercrest Asset Management | 1.53 mm | $104.67 bn |
| Kayne Anderson Rudnick Investment Management | 1.52 mm | $104.07 bn |
| MCQEF Macquarie | 1.35 mm | $92.12 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 26 May 23 | Carol E. McKnight | Common Stock | Sell | Dispose S | No | No | 75.4097 | 15,999 | 1.21 mm | 21,760 |
| 26 May 23 | Carol E. McKnight | Common Stock | Option exercise | Acquire M | No | No | 66.97 | 1,304 | 87.33 k | 37,759 |
| 26 May 23 | Carol E. McKnight | Common Stock | Option exercise | Acquire M | No | No | 67.7 | 9,127 | 617.90 k | 36,455 |
| 26 May 23 | Carol E. McKnight | Common Stock | Option exercise | Acquire M | No | No | 73.2 | 5,568 | 407.58 k | 27,328 |
| 26 May 23 | Carol E. McKnight | Stock Option Common Stock | Option exercise | Dispose M | No | No | 66.97 | 1,304 | 87.33 k | 4,706 |
| 26 May 23 | Carol E. McKnight | Stock Option Common Stock | Option exercise | Dispose M | No | No | 67.7 | 9,127 | 617.90 k | 0 |
| 26 May 23 | Carol E. McKnight | Stock Option Common Stock | Option exercise | Dispose M | No | No | 73.2 | 5,568 | 407.58 k | 0 |
| 25 May 23 | Carol E. McKnight | Common Stock | Sell | Dispose S | No | No | 75.744 | 4,445 | 336.68 k | 21,760 |
| 25 May 23 | Carol E. McKnight | Common Stock | Option exercise | Acquire M | No | No | 73.2 | 2,478 | 181.39 k | 26,205 |
| 25 May 23 | Carol E. McKnight | Common Stock | Option exercise | Acquire M | No | No | 52.42 | 1,967 | 103.11 k | 23,727 |
News
Tennant's Return on Invested Capital Overview
4 May 23
EF Hutton Maintains Buy on Tennant, Raises Price Target to $100
1 May 23
Intel, Saia, Charter Communications And Other Big Stocks Moving Higher On Friday
28 Apr 23
Tennant Q1 EPS $1.45 Beats $0.84 Estimate, Sales $305.80M Beat $272.53M Estimate
28 Apr 23
Tennant Earnings Preview
27 Apr 23
Press releases
Tennant Company Reports 2023 First Quarter Results
28 Apr 23
Tennant Company Declares Regular Quarterly Cash Dividend
25 Apr 23
Tennant Company to Webcast First Quarter 2023 Conference Call
17 Apr 23
Tennant Company Mechanizes the Mop with Enhanced i-mop® Walk-Behind Scrubbers Portfolio
4 Apr 23
Tennant Company Expands Ride-on Scrubber Portfolio with Introduction of Two New Scrubbers
20 Mar 23