Tennant Reports Record Net Income in 2021February 24, 2022
Tennant Co. has reported a company record annual net income of US$64.9 million for its 2021 fiscal year, up 92.6% from $33.7 million a year earlier.
For 2021, the company reported net sales of $1.09 billion, a jump of 9% from the previous year’s tally of $1 billion. Organic net sales in the company’s EMEA division climbed 14.2% compared to the previous year while Tennant’s Americas division reported a 7.4% rise in sales and its Asia-Pacific division increased sales 5.6%
“Reflecting on 2021, I am proud of our record net income and how our team has responded to inflationary pressures and an extremely challenging global supply chain environment,” said Dave Huml, Tennant president and CEO. “Our team has remained focused on meeting customer demands and driving shareholder value by executing our long-term strategy: win where we have competitive advantage, reduce complexity and build scalable processes, and innovate for profitable growth.”
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.