Tennant Reports 3.1% Increase in 1st-Quarter SalesMay 6, 2021
The company posted a profit of $25.7 million or $1.37 per share, up from $5.2 million, or $0.28 per share, a year earlier.
“Tennant’s strong first-quarter performance exceeded our expectations thanks in large part to increasing demand and bolstered by our actions in managing costs and cash flow,” said Dave Huml, Tennant CEO, “At the same time, we have positioned Tennant to ramp up quickly as markets began to recover from the pandemic-related slowdown. While we have not yet reached pre-pandemic sales levels, we achieved organic growth in all regions and remain optimistic for the year ahead.”
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.