Tennant 2nd-Quarter Sales Jump 25.5%August 4, 2021
The company posted a net income of $9.8 million or $0.51 per share, down slightly from $14.3 million, or $0.77 per share, a year earlier. Sales in the company’s EMEA division jumped 55.5% compared to the previous year while Tennant’s Americas division reported a 22.7% rise in sales.
“Tennant’s second-quarter revenue results reflect the continuing market recovery we saw across our geographic markets,” said Dave Huml, Tennant CEO. “We remain confident and committed to delivering our full-year guidance despite the current global supply-chain constraints and commodity inflation impacting our ability to fully meet the increase in customer demand.”
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.