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Tennant Co (TNC.N)

TNC.N on New York Stock Exchange

71.60USD
5:11pm GMT
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$0.15 (+0.21%)
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Volume
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$76.75
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Latest Key Developments (Source: Significant Developments)

Nilfisk Responds To Merger Recommendation from Primestone Capital
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - NILFISK HOLDING A/S ::NILFISK - IS AWARE OF A PUBLIC FILING MADE BY MAJOR SHAREHOLDER PRIMESTONE CAPITAL WITH SEC.FILING INCLUDES A RECOMMENDATION FOR A MERGER BETWEEN TENNANT AND NILFISK.- PRIMESTONE CAPITAL LLP HAS MADE NILFISK AWARE OF ITS FILING AND INITIATIVE.NILFISK HOLDING A/S - STRATEGY CONTINUES TO BE TO SIMPLIFY ITS BUSINESS AND TO GROW ORGANICALLY AND THROUGH M&A.  Full Article

Primestone Capital Reports 5.2 Pct Stake In Tennant Co ‍​
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Tennant Co ::PRIMESTONE CAPITAL LLP REPORTS 5.2 PERCENT STAKE IN TENNANT CO AS OF DECEMBER 4, 2017 - SEC FILING‍​.PRIMESTONE CAPITAL - TENNANT SHOULD UNDERTAKE REVIEW PROCESS REGARDING CONSOLIDATION DEAL WITH NILFISK HOLDING A/S.PRIMESTONE CAPITAL​ SAYS ACQUIRED TENNANT CO'S COMMON STOCK BECAUSE IT BELIEVES THE COMMON STOCK REPRESENTS "AN ATTRACTIVE INVESTMENT OPPORTUNITY".PRIMESTONE CAPITAL - INTEND TO CONTINUE DIALOGUE WITH TENNANT AND NILFISK.  Full Article

Tennant Company reports Q3 EPS $0.20
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Tennant Co :Tennant company reports 2017 third quarter results.Sees FY 2017 adjusted earnings per share $1.50 to $1.70.Sees FY 2017 gaap earnings per share $0.05 to $0.25.Sees FY 2017 sales $960 million to $990 million.Q3 sales rose 31 percent to $262 million.Q3 adjusted earnings per share $0.32.Q3 earnings per share $0.20.Q3 earnings per share view $0.63 -- Thomson Reuters I/B/E/S.‍Reaffirms 2017 full year net sales guidance range and lowers eps guidance range​.FY2017 earnings per share view $2.29, revenue view $979.7 million -- Thomson Reuters I/B/E/S.Sees ‍capital expenditures in range of $20 million to $25 million in 2017 ​.‍Q3 included special items that reduced earnings by $0.12 per share for costs related to IPC Group Acquisition​.Sees ‍gross margin performance in range of 41 percent to 42 percent in 2017​.  Full Article

Tennant narrows 2016 full year sales and EPS guidance ranges
Tuesday, 25 Oct 2016 

Tennant Co : Tennant company reports 2016 third quarter results . Sees fy 2016 earnings per share $2.40 to $2.60 . Q3 earnings per share $0.64 . Sees fy 2016 sales $805 million to $815 million . Q3 sales $200.1 million versus i/b/e/s view $203.1 million . Q3 earnings per share view $0.62 -- Thomson Reuters I/B/E/S . Tennant co says company narrows 2016 full year sales and eps guidance ranges . Fy2016 earnings per share view $2.50, revenue view $812.7 million -- Thomson Reuters I/B/E/S . Tennant -foreign currency exchange headwinds in 2016 are estimated to negatively impact operating profit in range of $2 million to $3 million . Tennant co - foreign currency exchange headwinds in 2016 are estimated to negatively impact operating profit in the range of $2 million to $3 million . Tennant co - foreign currency exchange headwinds in 2016 estimated to negatively impact operating profit in range of about $0.08 to $0.12 per diluted share Further company coverage: [TNC.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tennant Co reports Q2 earnings of $0.85/share
Tuesday, 26 Jul 2016 

Tennant Co : Q2 earnings per share $0.85 . Q2 earnings per share view $0.72 -- Thomson Reuters I/B/E/S . Q2 sales $216.8 million versus I/B/E/S view $210.6 million . Tennant Co quarterly organic net sales rose 2.4 percent . Sees 2016 capital expenditures in range of $25 million to $30 million . Expects its 2016 financial results to be stronger in second half of year . Says on a "constant currency" basis 2016 full year earnings are anticipated to be in range of $2.50 to $2.70 per diluted share . Raises full year 2016 earnings per share view to between $2.35 to $2.60 . Sees full year 2016 sales $800 million to $820 million . Company narrows 2016 full year sales guidance, raises EPS guidance range . Company is on track to introduce 14 new products, mostly industrial machines, in 2016 . Narrowing FY revenue guidance, raising earnings guidance to reflect less adverse foreign currency exchange environment than previously anticipated . Estimated slightly higher effective tax rate in 2016 is also anticipated to negatively impact EPS by approximately $0.05 in 2016 . Full year 2016 earnings per share view $2.36, revenue view $807.6 million -- Thomson Reuters I/B/E/S .Foreign currency exchange headwinds in 2016 are estimated to negatively impact operating profit in range of $3 million to $4 million for 2016.  Full Article

Tennant Company declares regular quarterly cash dividend
Wednesday, 27 Apr 2016 

Tennant Company:Declared a regular quarterly cash dividend of 20 cents per share payable June 15, 2016, to shareholders of record at the close of business on May 31, 2016.  Full Article

Tennant Co declares regular quarterly cash dividend
Wednesday, 17 Feb 2016 

Tennant Co:Declared a regular quarterly cash dividend of 20 cents per share.Payable on March 15 to shareholders of record date as on February 29.  Full Article

Denmark's Nilfisk says its strategy is to grow via mergers

Danish cleaning equipment company Nilfisk said it was aware of activist hedge fund Primestone Capital's push for it to consider a merger with U.S. peer Tennant and added that it was open to growing via mergers.