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Tennant Reports Rise in 2nd-Quarter Sales

Tennant Co. has reported fiscal-second-quarter sales of US$280.2 million, a rise of 4.4% on an organic basis from the previous year.

The company posted a net income of $16.6 million ($0.90 per share), up from $9.8 million ($0.53 per share) a year earlier. Sales in the company’s Americas division climbed 6.7% compared to the previous year, while Tennant’s EMEA division, which covers Europe, the Middle East, and Africa, reported a slight dip of 9.3% in sales.

“We are pleased to report that, as a result of the many actions we have taken to overcome parts shortages and to offset inflationary pressures, we achieved sequentially higher sales and stabilized profitability,” said Dave Huml, Tennant CEO. “Overall demand for our products and services remains strong, and we continue to take action to increase production output to serve our customers.”

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.