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Tennant 2nd-Quarter Sales Climb 14%

Tennant Co. has reported fiscal second-quarter net sales of US$321.7 million, an increase of 14.8% compared to consolidated net sales of $280.2 million in the second quarter of 2022.

The company posted a net income of $31.3 million ($1.68 per share), an 88.6% jump from $16.6 million ($0.89 per share) a year earlier. Sales in the company’s Americas division climbed 21.4% compared to the previous year, while Tennant’s EMEA division, which covers Europe, the Middle East, and Africa, reported a 3.5% bump in sales and its Asia Pacific segment saw sales increase 2.4%.

“Thanks to our global Tennant team, we built on the momentum of our strong first quarter performance to deliver record second quarter results,” said Dave Huml, Tennant president and CEO. “Our strong organic net sales growth and expanding operating margins are the result of the meaningful actions we have taken over the course of the past several quarters. Looking ahead, I am pleased to say that we are entering the second half of the year with resilient demand, substantial order backlog, and expectations for continued improvements in our supply chain.”

About Tennant 
Tennant Co. is a manufacturer of equipment for maintaining surfaces in industrial, commercial, and outdoor environments as well as surface coatings for concrete floors. Tennant sells products directly in 15 countries and through distributors in more than 80 countries. For more information, visit www.tennantco.com.