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Sep 30, 2021
Tennant Q3 2021 Earnings Report
Reported third-quarter results with increased net sales and adjusted EPS.
Key Takeaways
Tennant Company reported a 3.9% increase in net sales to $272.0 million and a net income of $21.5 million, or $1.14 per diluted share, for the third quarter of 2021. Adjusted diluted EPS was $1.33, compared to $0.90 in the third quarter of 2020. The company's performance was impacted by global supply disruptions and labor constraints, resulting in a record level of order backlog.
Third-quarter net sales totaled $272.0 million, a 3.9% increase year-over-year.
Net income for the third quarter was $21.5 million, or $1.14 per diluted share.
Adjusted diluted earnings per share were $1.33, compared with $0.90 in the third quarter of 2020.
Cash flow from operations provided $25.1 million.
Revenue by Geographic Location
Forward Guidance
Tennant anticipates a challenging operational environment to persist well into 2022 but remains confident in the long-term, global recovery for commercial and industrial cleaning equipment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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