Tennant: 2Q Earnings Snapshot
MINNEAPOLIS (AP) _ Tennant Co. (TNC) on Wednesday reported second-quarter profit of $14.8 million.
On a per-share basis, the Minneapolis-based company said it had profit of 81 cents. Earnings, adjusted for non-recurring costs, were $1.13 per share.
The maker of products for cleaning floors, parking lots and hospitals posted revenue of $299.7 million in the period.
Tennant expects full-year earnings in the range of $2.65 to $2.85 per share, with revenue in the range of $1.15 billion to $1.17 billion.
Tennant shares have increased 29% since the beginning of the year. The stock has dropped 16% in the last 12 months.