$1.1 B

TNC Mkt cap, 14-Nov-2018

$273.3 M

Tennant Revenue Q3, 2018
Tennant Gross profit (Q3, 2018)108.1 M
Tennant Gross profit margin (Q3, 2018), %39.6%
Tennant Cash, 30-Sep-201853.5 M
Tennant EV1.4 B

Tennant Revenue Breakdown

Embed Graph

Tennant revenue breakdown by business segment: 24.5% from Asia Pacific and 75.5% from Europe, Middle East, Africa

Tennant revenue breakdown by geographic segment: 100.0% from Americas

Tennant Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

752.0m822.0m811.8m808.6m1.0b

Revenue growth, %

9%(1%)0%24%

Cost of goods sold

426.1m469.6m462.7m457.0m598.6m

Gross profit

325.9m352.4m349.1m351.6m404.4m

Gross profit Margin, %

43%43%43%43%40%

R&D expense

32.4m34.7m32.0m

General and administrative expense

252.3m248.2m345.4m

Operating expense total

284.7m282.9m377.4m

EBIT

62.4m72.1m53.2m68.5m27.0m

EBIT margin, %

8%9%7%8%3%

Interest expense

1.8m1.7m1.3m1.3m25.4m

Interest income

390.0k302.0k172.0k330.0k2.4m

Pre tax profit

50.4m66.5m(1.3m)

Income tax expense

19.6m18.9m18.3m19.9m4.9m

Net Income

40.2m50.7m32.1m46.6m(6.2m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

188.5m184.0m219.1m202.6m185.7m215.4m204.8m179.9m216.8m200.1m191.1m270.8m261.9m272.8m292.2m273.3m

Cost of goods sold

106.7m107.1m123.8m115.5m107.7m120.4m116.1m102.4m121.5m114.8m111.3m166.2m157.3m162.2m173.4m165.2m

Gross profit

81.9m76.9m95.3m87.2m78.1m95.0m88.7m77.5m95.3m85.3m79.7m104.6m104.6m110.6m118.8m108.1m

Gross profit Margin, %

43%42%43%43%42%44%43%43%44%43%42%39%40%41%41%40%

R&D expense

8.0m7.9m7.5m

Operating expense total

65.6m67.7m72.1m70.1m69.8m72.4m84.1m70.4m72.7m69.0m82.3m95.4m93.6m100.3m99.8m92.6m

Interest expense

440.0k486.0k419.0k396.0k377.0k419.0k215.0k302.0k288.0k329.0k794.0k11.8m6.1m5.7m6.0m6.0m

Interest income

67.0k75.0k95.0k84.0k50.0k53.0k42.0k41.0k40.0k107.0k84.0k793.0k698.0k749.0k952.0k839.0k

Income tax expense

4.8m2.8m7.5m4.6m2.4m7.0m4.9m2.1m7.3m4.4m(584.0k)238.0k731.0k1.1m363.0k158.0k

Net Income

10.6m5.8m15.5m11.8m5.0m14.8m4.4m15.3m11.5m

Tennant Balance Sheet

Annual

USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017

Cash

18.1m39.5m52.3m53.9m81.0m93.0m51.3m58.0m58.4m

Accounts Receivable

145.3m203.3m

Prepaid Expenses

9.2m19.4m

Inventories

80.5m77.3m78.6m127.7m

Current Assets

347.1m293.6m297.9m423.1m

PP&E

86.5m95.0m112.1m180.0m

Goodwill

18.4m16.8m21.1m186.0m

Total Assets

486.9m432.3m470.0m994.0m

Accounts Payable

61.6m50.4m47.4m96.1m

Short-term debt

3.5m30.9m

Current Liabilities

145.6m133.2m132.8m236.5m

Long-term debt

24.6m21.2m32.7m346.0m

Non-Current Liabilities

60.7m46.9m58.7m459.0m

Total Debt

24.6m21.2m36.2m376.8m

Total Liabilities

206.3m180.1m191.5m695.5m

Common Stock

6.6m6.7m

Additional Paid-in Capital

26.2m3.7m15.1m

Retained Earnings

286.1m293.7m318.2m297.0m

Total Equity

280.7m252.2m278.5m298.5m

Debt to Equity Ratio

0.1 x0.1 x0.1 x1.3 x

Debt to Assets Ratio

0.1 x0 x0.1 x0.4 x

Financial Leverage

1.7 x1.7 x1.7 x3.3 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

65.3m63.4m62.6m79.8m76.8m67.6m56.8m26.9m27.9m42.3m45.0m53.3m55.9m54.0m53.9m53.5m

Inventories

67.4m73.8m79.0m84.0m85.6m86.5m83.3m84.1m82.5m87.3m88.1m141.6m141.5m140.3m139.4m139.8m

Current Assets

295.7m307.1m320.7m329.2m319.2m328.6m309.4m259.4m277.7m281.6m287.8m426.6m423.7m434.7m445.3m439.1m

PP&E

84.5m83.9m84.5m85.2m84.8m89.2m87.8m101.2m105.1m113.4m112.9m178.0m177.9m169.0m163.8m

Goodwill

19.2m19.2m19.3m18.7m17.6m17.7m16.8m17.2m17.5m24.7m21.5m183.3m179.0m196.2m185.7m184.6m

Total Assets

439.0m448.5m466.0m471.3m454.2m469.7m435.3m412.7m432.9m453.1m467.1m997.2m1.0b1.0b986.1m970.6m

Accounts Payable

49.3m54.4m60.1m57.9m56.8m59.7m54.4m46.6m49.8m45.0m49.5m88.6m88.6m102.7m103.6m90.8m

Short-term debt

3.9m2.2m3.6m3.7m3.5m3.4m3.4m3.5m3.5m3.5m33.0k5.3m5.3m30.9m31.0m31.0m

Current Liabilities

126.2m124.1m135.3m139.5m123.9m136.8m139.5m115.8m128.2m122.9m120.2m194.6m202.9m241.4m245.4m238.7m

Long-term debt

28.0m26.0m24.6m24.5m22.6m21.1m21.1m19.2m17.8m32.7m45.0m405.7m383.3m342.4m328.7m316.9m

Non-Current Liabilities

61.6m58.9m61.4m58.4m57.8m54.8m50.5m45.2m43.9m58.0m70.4m515.2m503.4m467.2m438.5m422.7m

Total Debt

32.0m28.2m28.2m28.2m26.1m24.6m24.6m22.7m21.2m36.2m45.0m411.0m388.5m373.3m359.7m347.9m

Total Liabilities

187.8m183.0m196.6m197.9m181.7m191.6m189.9m161.0m172.1m180.9m190.6m709.8m706.3m708.5m683.9m661.5m

Additional Paid-in Capital

28.8m30.2m21.5m24.3m24.7m17.2m3.0m7.0m9.9m12.1m18.3m22.3m26.1m

Retained Earnings

246.1m252.2m264.1m272.2m287.4m298.6m288.4m289.9m298.6m306.5m310.5m304.2m304.0m297.7m306.7m312.5m

Total Equity

251.2m265.4m269.4m273.4m272.5m278.1m245.4m251.7m260.8m272.2m276.6m287.4m296.5m307.4m302.2m309.1m

Debt to Equity Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.2 x1.4 x1.3 x1.2 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0 x0.1 x0.1 x0.4 x0.4 x0.4 x

Financial Leverage

1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.8 x1.6 x1.7 x1.7 x1.7 x3.5 x3.4 x3.3 x3.3 x3.1 x

Tennant Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

40.2m50.7m32.1m46.6m(6.2m)

Depreciation and Amortization

20.1m18.0m18.3m43.3m

Accounts Receivable

4.5m9.3m(14.4m)

Inventories

(21.0m)(10.0m)23.0k(2.9m)

Accounts Payable

10.2m(10.5m)(3.9m)10.8m

Cash From Operating Activities

27.0m59.4m45.2m57.9m54.2m

Purchases of PP&E

(19.6m)(24.8m)(26.5m)(20.4m)

Cash From Investing Activities

(17.9m)(23.6m)(40.4m)(375.4m)

Short-term Borrowings

(303.0m)

Long-term Borrowings

(2.0m)(3.4m)(3.5m)(96.2m)

Dividends Paid

(14.5m)(14.5m)(14.3m)(15.0m)

Cash From Financing Activities

(28.0m)(61.4m)(9.6m)319.5m

Net Change in Cash

(41.7m)6.7m365.0k

Interest Paid

1.5m1.2m1.1m14.2m

Income Taxes Paid

3.5m(4.3m)5.4m285.0k

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

10.6m5.8m15.5m11.8m5.0m14.8m4.4m15.3m11.5m

Depreciation and Amortization

14.8m13.5m28.0m41.5m

Accounts Receivable

(6.0m)

Inventories

86.5m83.3m84.1m82.5m87.3m88.1m(9.9m)141.5m(10.8m)(17.0m)(19.5m)

Accounts Payable

59.7m54.4m46.6m49.8m45.0m49.5m6.2m88.6m5.7m9.8m(1.8m)

Cash From Operating Activities

(2.5m)5.5m26.0m43.5m

Purchases of PP&E

(9.1m)(3.5m)(7.7m)(12.8m)

Cash From Investing Activities

(364.9m)(4.3m)(8.1m)(10.4m)

Long-term Borrowings

(58.5m)(4.0m)(18.1m)(30.2m)

Dividends Paid

(7.5m)(3.8m)(7.6m)(11.4m)

Cash From Financing Activities

361.9m(6.9m)(21.9m)(35.8m)

Interest Paid

2.5m1.0m10.2m11.3m

Income Taxes Paid

4.9m1.7m5.7m7.3m

Tennant Ratios

USDY, 2018

EV/CFO

31.4 x

Financial Leverage

3.1 x
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Tennant Employee Rating

3.4123 votes
Culture & Values
3.5
Work/Life Balance
3.8
Senior Management
2.9
Salary & Benefits
3.5
Career Opportunities
3.2
Source