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Dec 31, 2019
Tennant Q4 2019 Earnings Report
Tennant Company reported an increase in fourth-quarter net sales and earnings per share.
Key Takeaways
Tennant Company reported fourth-quarter net sales of $294.8 million, a 3.4 percent increase, and GAAP diluted earnings per share of $0.59. The company's adjusted EBITDA increased to $34.0 million, or 11.5 percent of sales.
Fourth-quarter net sales increased by 3.4 percent to $294.8 million.
Organic sales rose 2.8 percent in the fourth quarter.
GAAP diluted earnings per share were $0.59 in the fourth quarter.
Adjusted EBITDA increased to $34.0 million, representing 11.5 percent of sales.
Revenue by Geographic Location
Forward Guidance
For 2020, Tennant provides net sales guidance of $1.15 billion to $1.16 billion, reflecting organic sales growth of 1.5 to 2.5%, GAAP earnings in the range of $3.05 to $3.20 per diluted share, adjusted EPS of $4.00 to $4.15 per diluted share, adjusted EBITDA of $146 million to $149 million, capital expenditures of approximately $35 million, and an effective tax rate of approximately 19 percent.
Positive Outlook
- Net sales of $1.15 billion to $1.16 billion.
- Organic sales growth of 1.5 to 2.5 percent.
- Full-year reported GAAP earnings in the range of $3.05 to $3.20 per diluted share.
- Adjusted EPS of $4.00 to $4.15 per diluted share.
- Adjusted EBITDA of $146 million to $149 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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