Tennant Company (TNC)

Tennant Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,253	1,287	1,244	1,092	1,091	1,001
Revenue Growth (YoY)	-0.38%	3.47%	13.86%	0.13%	8.97%	-12.01%
Cost of Revenue	729.4	736.7	715.1	671.3	652.8	593.2
Gross Profit	523.9	550	528.5	420.9	438	407.8
Selling, General & Admin	380.4	383.7	350.4	306.3	321.9	314
Research & Development	42	43.8	36.6	31.1	32.2	30.1
Operating Expenses	422.4	427.5	387	337.4	354.1	344.1
Operating Income	101.5	122.5	141.5	83.5	83.9	63.7
Interest Expense	-13.3	-13.6	-17	-7.1	-7.3	-17.4
Interest & Investment Income	4.5	4.5	3.5	-	-	-
Currency Exchange Gain (Loss)	-1.4	0.1	0.3	-1.2	-0.7	-5.3
Other Non Operating Income (Expenses)	-0.9	-0.5	-1.6	0.6	-0.3	0.1
EBT Excluding Unusual Items	90.4	113	126.7	75.8	75.6	41.1
Merger & Restructuring Charges	-12.7	-8.2	-2.9	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	3.7	9.8	-
Other Unusual Items	-	-	-	-	-11.3	-
Pretax Income	77.3	104.8	123.8	79.5	74.1	41.1
Income Tax Expense	16.6	21.1	14.3	13.2	9.2	7.4
Earnings From Continuing Operations	60.7	83.7	109.5	66.3	64.9	33.7
Net Income	60.7	83.7	109.5	66.3	64.9	33.7
Net Income to Common	60.7	83.7	109.5	66.3	64.9	33.7
Net Income Growth	-44.92%	-23.56%	65.16%	2.16%	92.58%	-26.42%
Shares Outstanding (Basic)	19	19	19	18	18	18
Shares Outstanding (Diluted)	19	19	19	19	19	19
Shares Change (YoY)	-0.38%	1.66%	0.46%	-0.81%	1.15%	0.99%
EPS (Basic)	3.25	4.46	5.92	3.58	3.51	1.84
EPS (Diluted)	3.20	4.38	5.83	3.55	3.44	1.81
EPS Growth	-44.67%	-24.87%	64.22%	3.20%	90.05%	-27.02%
Free Cash Flow	65.4	68.3	164.4	-54.4	46.3	103.9
Free Cash Flow Per Share	3.45	3.58	8.75	-2.91	2.46	5.58
Dividend Per Share	1.165	1.135	1.075	1.015	0.940	0.890
Dividend Growth	5.43%	5.58%	5.91%	7.98%	5.62%	1.14%
Gross Margin	41.80%	42.74%	42.50%	38.54%	40.15%	40.74%
Operating Margin	8.10%	9.52%	11.38%	7.65%	7.69%	6.36%
Profit Margin	4.84%	6.50%	8.80%	6.07%	5.95%	3.37%
Free Cash Flow Margin	5.22%	5.31%	13.22%	-4.98%	4.25%	10.38%
EBITDA	158	177.6	192.6	132.2	137	117.1
EBITDA Margin	12.61%	13.80%	15.49%	12.10%	12.56%	11.70%
D&A For EBITDA	56.5	55.1	51.1	48.7	53.1	53.4
EBIT	101.5	122.5	141.5	83.5	83.9	63.7
EBIT Margin	8.10%	9.52%	11.38%	7.65%	7.69%	6.36%
Effective Tax Rate	21.48%	20.13%	11.55%	16.60%	12.42%	18.00%
Advertising Expenses	-	-	-	-	-	5

Updated May 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q