Tennant beats Q4 revenue expectations but misses full-year sales guidance

From StockStory Communications.: 2025-02-17 16:21:54

Industrial cleaning equipment manufacturer Tennant Company reported Q4 CY2024 results with revenue of $328.9 million, beating expectations by 5.6%. However, full-year revenue guidance of $1.23 billion missed estimates by 7.3%. Non-GAAP profit was $1.52 per share, exceeding estimates by 10.7%. Tennant designs, manufactures, and sells cleaning products globally. The company’s revenue growth has been sluggish over the last five years, but improved over the last two years. Tennant’s operating margin was 2.3% in Q4, showing a decrease in efficiency. Earnings per share declined to $1.52 in Q4, but exceeded analysts’ estimates.



Read more at StockStory Communications.: Tennant (NYSE:TNC) Exceeds Q4 Expectations But Full-Year Sales Guidance Misses Expectations Significantly