Tennant Company (TNC)

Tennant Company Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,249	1,244	1,092	1,091	1,001	1,138
Revenue Growth (YoY)	9.55%	13.86%	0.13%	8.97%	-12.01%	1.26%
Cost of Revenue	709	715.8	671.3	652.8	593.2	675.9
Gross Profit	539.8	527.8	420.9	438	407.8	461.7
Selling, General & Admin	360.8	352.6	306.3	321.9	314	357.2
Research & Development	38.8	36.6	31.1	32.2	30.1	32.7
Other Operating Expenses	0	0	-3.7	-9.8	0	0
Operating Expenses	399.6	389.2	333.7	344.3	344.1	389.9
Operating Income	140.2	138.6	87.2	93.7	63.7	71.8
Interest Expense / Income	12.1	13.5	7.1	7.3	17.4	17.8
Other Expense / Income	1.2	1.3	0.6	12.3	5.2	0.1
Pretax Income	126.9	123.8	79.5	74.1	41.1	53.9
Income Tax	13.3	14.3	13.2	9.2	7.4	8.1
Net Income	113.6	109.5	66.3	64.9	33.7	45.8
Net Income Growth	41.47%	65.16%	2.16%	92.58%	-26.42%	37.13%
Shares Outstanding (Basic)	19	19	18	18	18	18
Shares Outstanding (Diluted)	19	19	19	19	19	18
Shares Change	2.12%	0.46%	-0.81%	1.15%	0.99%	0.62%
EPS (Basic)	6.12	5.92	3.58	3.51	1.84	2.53
EPS (Diluted)	6.02	5.83	3.55	3.44	1.81	2.48
EPS Growth	40.00%	64.23%	3.20%	90.06%	-27.02%	36.26%
Free Cash Flow	140.8	165.2	-53.8	46.3	103.9	33.1
Free Cash Flow Per Share	7.54	8.93	-2.91	2.50	5.66	1.83
Dividend Per Share	1.090	1.075	1.015	0.940	0.890	0.880
Dividend Growth	5.83%	5.91%	7.98%	5.62%	1.14%	3.53%
Gross Margin	43.23%	42.44%	38.54%	40.15%	40.74%	40.59%
Operating Margin	11.23%	11.15%	7.98%	8.59%	6.36%	6.31%
Profit Margin	9.10%	8.81%	6.07%	5.95%	3.37%	4.03%
Free Cash Flow Margin	11.27%	13.28%	-4.93%	4.24%	10.38%	2.91%
Effective Tax Rate	10.48%	11.55%	16.60%	12.42%	18.00%	15.03%
EBITDA	191.4	188.4	135.3	134.5	111.9	126.1
EBITDA Margin	15.33%	15.15%	12.39%	12.33%	11.18%	11.08%
Depreciation & Amortization	52.4	51.1	48.7	53.1	53.4	54.4
EBIT	139	137.3	86.6	81.4	58.5	71.7
EBIT Margin	11.13%	11.04%	7.93%	7.46%	5.84%	6.30%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).