Tennant (TNC) stock price, revenue, and financials

Tennant market cap is $1.3 b, and annual revenue was $1.14 b in FY 2019

$1.3 B

TNC Mkt cap, 15-Jan-2021

$261.9 M

Tennant Revenue Q3, 2020
Tennant Gross profit (Q3, 2020)104.8 M
Tennant Gross profit margin (Q3, 2020), %40%
Tennant Net income (Q3, 2020)11.7 M
Tennant EBIT (Q3, 2020)18.4 M
Tennant Cash, 30-Sept-2020124.7 M
Tennant EV1.6 B

Tennant Revenue Breakdown

Embed Graph

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

Tennant revenue breakdown by geographic segment: 100.0% from Americas

Tennant Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

752.0m822.0m811.8m808.6m1.0b1.1b1.1b

Revenue growth, %

9%(1%)0%24%

Cost of goods sold

426.1m469.6m462.7m457.0m598.6m678.5m675.9m

Gross profit

325.9m352.4m349.1m351.6m404.4m445.0m461.7m

Gross profit Margin, %

43%43%43%43%40%40%41%

R&D expense

32.4m34.7m32.0m30.7m32.7m

General and administrative expense

252.3m248.2m345.4m356.3m357.2m

Operating expense total

284.7m282.9m377.4m387.1m389.9m

EBIT

62.4m72.1m53.2m68.5m27.0m58.0m71.8m

EBIT margin, %

8%9%7%8%3%5%6%

Interest expense

1.8m1.7m1.3m1.3m25.4m22.1m17.8m

Interest income

390.0k302.0k172.0k330.0k2.4m3.0m3.3m

Investment income

Pre tax profit

50.4m66.5m(1.3m)35.8m50.1m

Income tax expense

19.6m18.9m18.3m19.9m4.9m2.3m8.1m

Net Income

40.2m50.7m32.1m46.6m(6.2m)33.4m45.8m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q4, 2012Q1, 2013Q2, 2013Q3, 2013Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

201.3m187.0m173.7m199.5m178.3m739.0m168.1m200.2m188.5m752.0m184.0m219.1m202.6m185.7m215.4m204.8m179.9m216.8m200.1m191.1m270.8m261.9m272.8m292.2m273.3m262.5m299.7m280.7m252.1m261.9m

Cost of goods sold

117.8m106.7m98.4m110.5m100.7m413.7m95.6m112.5m106.7m426.1m107.1m123.8m115.5m107.7m120.4m116.1m102.4m121.5m114.8m111.3m166.2m157.3m162.2m173.4m165.2m154.3m178.9m166.7m123.4m157.1m

Gross profit

83.5m80.3m75.3m89.0m77.6m325.3m72.5m87.7m81.9m325.9m76.9m95.3m87.2m78.1m95.0m88.7m77.5m95.3m85.3m79.7m104.6m104.6m110.6m118.8m108.1m108.2m120.8m114.0m104.8m

Gross profit Margin, %

41%43%43%45%44%44%43%44%43%43%42%43%43%42%44%43%43%44%43%42%39%40%41%41%40%41%40%41%40%

Sales and marketing expense

6.5m

R&D expense

6.7m7.2m7.3m6.9m7.4m29.3m7.5m7.8m30.5m8.0m7.9m7.5m7.2m8.4m7.4m6.6m7.4m

General and administrative expense

66.5m57.3m59.7m60.4m57.2m234.1m58.1m58.3m233.0m91.9m85.1m90.2m92.5m84.3m82.3m61.1m

Operating expense total

73.2m64.5m67.0m67.4m63.8m262.6m65.6m66.1m65.6m263.5m67.7m72.1m70.1m69.8m72.4m84.1m70.4m72.7m69.0m82.3m95.4m93.6m100.3m99.8m92.6m97.4m100.9m92.5m89.7m67.7m86.4m

Depreciation and amortization

8.0m

EBIT

10.2m15.8m8.3m21.6m13.8m62.7m6.9m21.6m62.4m19.0m15.4m10.8m19.9m21.5m14.4m22.9m18.4m

EBIT margin, %

5%8%5%11%8%8%4%11%8%7%6%4%7%8%6%7%

Interest expense

545.0k654.0k712.0k669.0k640.0k2.5m467.0k411.0k440.0k2.5m486.0k419.0k396.0k377.0k419.0k215.0k302.0k288.0k329.0k794.0k11.8m6.1m5.7m5.9m5.6m4.2m5.4m4.9m4.2m

Interest income

184.0k224.0k310.0k330.0k229.0k1.1m114.0k114.0k67.0k390.0k75.0k95.0k84.0k50.0k53.0k42.0k41.0k40.0k107.0k84.0k793.0k698.0k749.0k952.0k839.0k800.0k800.0k800.0k

Investment income

Pre tax profit

10.7m13.9m7.7m20.4m13.1m59.9m6.2m20.8m59.9m13.1m9.9m6.6m16.6m16.6m6.3m17.9m12.9m

Income tax expense

4.9m4.2m2.4m6.7m4.4m18.3m1.2m6.6m4.8m19.6m2.8m7.5m4.6m2.4m7.0m4.9m2.1m7.3m4.4m(584.0k)238.0k731.0k1.1m363.0k158.0k1.2m1.8m1.1m3.6m1.2m

Net Income

5.9m9.7m5.3m13.7m8.7m41.6m5.1m14.3m10.6m40.2m5.8m15.5m11.8m5.0m14.8m4.4m15.3m11.5m12.7m9.7m5.4m14.8m14.6m5.2m14.3m11.7m

Tennant Balance Sheet

Annual

USDY, 2009Y, 2010Y, 2011FY, 2011Y, 2012Y, 2013Y, 2014FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

18.1m39.5m52.3m52.3m53.9m81.0m93.0m93.0m51.3m58.0m58.4m85.6m74.6m

Accounts Receivable

128.9m147.2m145.3m203.3m207.9m216.5m

Prepaid Expenses

10.3m9.6m9.2m19.4m22.1m

Inventories

65.9m80.5m80.5m77.3m78.6m127.7m135.1m150.1m

Current Assets

272.1m347.1m347.1m293.6m297.9m423.1m468.6m

PP&E

87.2m86.5m86.5m95.0m112.1m180.0m163.4m173.3m

Goodwill

20.3m18.4m18.4m16.8m21.1m186.0m182.7m195.1m

Total Assets

424.3m486.9m486.9m432.3m470.0m994.0m992.5m1.1b

Accounts Payable

46.9m61.6m61.6m50.4m47.4m96.1m98.4m94.1m

Short-term debt

5.4m3.6m3.5m30.9m27.0m31.3m

Current Liabilities

124.0m145.6m145.6m133.2m132.8m236.5m248.9m274.9m

Long-term debt

32.3m24.6m24.6m21.2m32.7m346.0m328.1m337.8m

Non-Current Liabilities

79.4m60.7m60.7m46.9m58.7m459.0m427.3m426.7m

Total Debt

37.6m24.6m28.1m21.2m36.2m376.8m355.1m369.1m

Total Liabilities

203.4m206.3m206.3m180.1m191.5m695.5m676.2m701.6m

Common Stock

7.1m6.9m6.6m6.7m6.8m6.9m

Preferred Stock

Additional Paid-in Capital

15.1m26.2m26.2m3.7m15.1m28.6m45.5m

Retained Earnings

227.9m286.1m286.1m293.7m318.2m297.0m316.3m

Total Equity

220.9m280.7m280.7m252.2m278.5m298.5m316.4m361.3m

Debt to Equity Ratio

0.1 x0.1 x0.1 x1.3 x1.1 x

Debt to Assets Ratio

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

Financial Leverage

1.9 x1.7 x1.7 x1.7 x1.7 x3.3 x3.1 x2.9 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q4, 2012Q1, 2013Q2, 2013Q3, 2013Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

41.5m44.3m39.5m38.4m62.7m53.9m49.8m48.6m65.3m81.0m63.4m62.6m79.8m76.8m67.6m56.8m26.9m27.9m42.3m45.0m53.3m55.9m54.0m53.9m53.5m46.9m55.4m71.7m192.1m99.3m124.7m

Accounts Receivable

140.2m128.8m124.0m135.1m124.1m131.5m130.4m146.8m215.3m208.1m204.2m222.1m204.9m203.8m180.3m201.3m

Prepaid Expenses

11.2m8.9m11.7m11.6m11.7m11.3m13.2m10.9m27.4m28.4m33.6m32.5m34.2m30.8m27.5m31.8m

Inventories

74.4m77.4m68.1m68.4m61.0m58.1m64.1m62.7m67.4m73.8m79.0m84.0m85.6m86.5m83.3m84.1m82.5m87.3m88.1m141.6m141.5m140.3m139.4m139.8m158.2m159.5m160.9m155.2m149.9m133.5m

Current Assets

276.1m268.5m257.2m265.2m270.2m273.4m268.2m281.4m295.7m315.3m307.1m320.7m329.2m319.2m328.6m309.4m259.4m277.7m281.6m287.8m426.6m423.7m434.7m445.3m439.1m452.4m479.4m479.5m585.2m460.9m491.3m

PP&E

83.2m82.4m87.3m86.7m86.9m86.2m84.4m84.2m84.5m83.5m83.9m84.5m85.2m84.8m89.2m87.8m101.2m105.1m113.4m112.9m178.0m177.9m169.0m163.8m174.9m173.3m167.5m173.9m178.6m178.3m

Goodwill

21.9m20.4m20.4m19.8m19.8m19.7m19.8m19.3m19.2m19.2m19.3m18.7m17.6m17.7m16.8m17.2m17.5m24.7m21.5m183.3m179.0m196.2m185.7m184.6m189.7m193.3m185.4m191.2m193.9m201.4m

Total Assets

429.3m418.1m410.6m415.9m423.1m420.8m412.2m423.0m439.0m456.3m448.5m466.0m471.3m454.2m469.7m435.3m412.7m432.9m453.1m467.1m997.2m1.0b1.0b986.1m970.6m1.0b1.1b1.0b1.2b1.0b1.1b

Accounts Payable

55.7m51.5m44.2m49.0m43.5m47.0m51.6m52.8m49.3m53.1m54.4m60.1m57.9m56.8m59.7m54.4m46.6m49.8m45.0m49.5m88.6m88.6m102.7m103.6m90.8m94.9m98.7m93.9m95.8m77.4m

Short-term debt

4.0m4.2m4.2m3.2m2.7m3.1m1.6m4.0m3.9m2.2m3.6m3.7m3.5m3.4m3.4m3.5m3.5m3.5m33.0k5.3m5.3m30.9m31.0m31.0m30.1m20.2m1.1m42.5m

Current Liabilities

126.6m127.9m108.4m116.6m117.4m121.7m116.0m121.4m126.2m131.5m124.1m135.3m139.5m123.9m136.8m139.5m115.8m128.2m122.9m120.2m194.6m202.9m241.4m245.4m238.7m267.2m259.7m269.9m225.1m251.5m244.3m

Long-term debt

37.3m32.7m31.8m31.0m30.9m30.3m30.2m28.2m28.0m26.0m24.6m24.5m22.6m21.1m21.1m19.2m17.8m32.7m45.0m405.7m383.3m342.4m328.7m316.9m354.8m375.2m352.0m489.8m324.6m335.4m

Non-Current Liabilities

79.2m73.1m77.8m76.8m76.1m64.0m63.7m61.1m61.6m60.9m58.9m61.4m58.4m57.8m54.8m50.5m45.2m43.9m58.0m70.4m515.2m503.4m467.2m438.5m422.7m453.3m475.9m435.4m566.4m403.6m423.9m

Total Debt

41.3m36.9m36.0m34.3m33.6m33.4m31.8m32.2m32.0m28.2m28.2m28.2m26.1m24.6m24.6m22.7m21.2m36.2m45.0m411.0m388.5m373.3m359.7m347.9m384.9m375.2m372.2m490.9m367.1m335.4m

Total Liabilities

205.9m201.1m186.3m193.3m193.5m185.7m179.8m182.4m187.8m192.5m183.0m196.6m197.9m181.7m191.6m189.9m161.0m172.1m180.9m190.6m709.8m706.3m708.5m683.9m661.5m720.5m735.6m705.3m791.5m655.1m668.2m

Common Stock

7.1m7.1m7.1m7.0m7.0m6.9m6.9m6.9m6.8m6.8m6.8m6.8m6.8m6.9m6.9m6.9m

Preferred Stock

Additional Paid-in Capital

12.3m13.4m15.9m17.9m20.1m22.4m23.9m25.9m28.8m32.0m30.2m21.5m24.3m24.7m17.2m3.0m7.0m9.9m12.1m18.3m22.3m26.1m32.0m34.5m39.7m49.4m49.4m52.2m

Retained Earnings

219.4m219.5m228.1m228.3m231.5m236.1m233.1m241.1m246.1m249.9m252.2m264.1m272.2m287.4m298.6m288.4m289.9m298.6m306.5m310.5m304.2m304.0m297.7m306.7m312.5m317.7m328.5m339.1m347.1m357.4m

Total Equity

223.4m217.0m224.3m222.6m229.6m235.1m232.5m240.5m251.2m263.8m265.4m269.4m273.4m272.5m278.1m245.4m251.7m260.8m272.2m276.6m287.4m296.5m307.4m302.2m309.1m320.2m335.2m339.8m358.7m373.1m395.3m

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 x1.2 x1.1 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 x0.4 x0.4 x

Financial Leverage

1.9 x1.9 x1.8 x1.9 x1.8 x1.8 x1.8 x1.8 x1.7 x1.7 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 x3.3 x3.2 x3.1 x3.2 x2.8 x2.7 x

Tennant Cash Flow

Annual

USDFY, 2011FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

32.7m40.2m50.7m32.1m46.6m(6.2m)33.5m45.9m

Depreciation and Amortization

18.1m20.1m18.0m18.3m43.3m54.4m22.2m

Accounts Receivable

(4.5m)4.5m9.3m(14.4m)(7.6m)(8.5m)

Inventories

(7.7m)(21.0m)(10.0m)23.0k(2.9m)(16.6m)(21.1m)

Accounts Payable

4.6m10.2m(10.5m)(3.9m)10.8m4.6m(7.5m)

Cash From Operating Activities

56.9m27.0m59.4m45.2m57.9m54.2m80.0m71.9m

Purchases of PP&E

(13.9m)(19.6m)(24.8m)(26.5m)(20.4m)(18.8m)(38.4m)

Cash From Investing Activities

(19.5m)(17.9m)(23.6m)(40.4m)(375.4m)(16.0m)(55.6m)

Short-term Borrowings

(303.0m)

Long-term Borrowings

(19.3m)(2.0m)(3.4m)(3.5m)(96.2m)(38.3m)

Dividends Paid

(12.9m)(14.5m)(14.5m)(14.3m)(15.0m)(15.3m)

Cash From Financing Activities

(24.2m)(28.0m)(61.4m)(9.6m)319.5m(32.8m)(27.4m)

Net Change in Cash

12.8m(41.7m)6.7m365.0k27.1m(11.5m)

Interest Paid

2.1m1.5m1.2m1.1m14.2m22.4m19.7m

Income Taxes Paid

13.2m3.5m(4.3m)5.4m285.0k11.1m21.7m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q4, 2012Q1, 2013Q2, 2013Q3, 2013Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

11.7m21.4m5.3m19.0m27.7m41.6m5.1m19.3m10.6m40.2m5.8m15.5m11.8m5.0m14.8m4.4m15.3m11.5m(6.6m)16.1m25.8m5.4m20.2m34.8m5.2m19.5m31.2m

Depreciation and Amortization

8.7m12.8m4.5m8.9m13.2m18.1m4.5m8.9m20.2m14.8m13.5m28.0m41.5m13.7m27.4m8.1m15.7m39.4m

Accounts Receivable

12.6m2.7m(5.1m)7.5m(1.8m)(11.8m)(5.9m)11.5m(7.6m)(6.0m)(6.8m)(342.0k)800.0k(16.3m)(800.0k)15.9m38.3m23.4m

Inventories

10.3m17.5m2.9m7.3m3.1m(149.0k)7.1m7.5m(12.0m)86.5m83.3m84.1m82.5m87.3m88.1m(9.9m)141.5m(10.8m)(17.0m)(19.5m)(20.3m)(23.1m)(31.4m)(11.6m)(5.1m)13.1m

Accounts Payable

14.5m11.3m(1.2m)4.0m(2.3m)970.0k5.8m6.1m6.1m59.7m54.4m46.6m49.8m45.0m49.5m6.2m88.6m5.7m9.8m(1.8m)(2.0m)500.0k(2.3m)4.3m(17.8m)(7.8m)

Cash From Operating Activities

12.7m36.0m(2.9m)12.5m43.3m47.6m7.3m15.2m59.8m(2.5m)5.5m26.0m43.5m(11.6m)10.9m46.2m8.7m48.5m97.5m

Purchases of PP&E

(4.0m)(7.7m)(4.2m)(7.5m)(11.1m)(15.6m)(4.0m)(7.2m)(14.8m)(9.1m)(3.5m)(7.7m)(12.8m)(9.0m)(8.9m)(28.3m)(12.4m)(18.4m)(25.5m)

Cash From Investing Activities

(6.7m)(10.1m)(4.1m)(6.0m)(7.5m)(11.2m)(3.3m)(7.4m)(11.4m)(364.9m)(4.3m)(8.1m)(10.4m)(29.6m)(34.6m)(37.5m)(12.4m)(18.4m)(25.5m)

Short-term Borrowings

35.0k35.0k(1.5m)(300.0m)

Long-term Borrowings

(12.3m)(18.1m)(967.0k)(1.8m)(2.4m)(3.0m)(428.0k)(733.0k)(1.1m)(58.5m)(4.0m)(18.1m)(30.2m)(100.0k)(100.0k)(100.0k)

Dividends Paid

(6.5m)(9.7m)(3.2m)(6.4m)(9.5m)(12.8m)(3.3m)(6.6m)(13.2m)(7.5m)(3.8m)(7.6m)(11.4m)(4.0m)(8.1m)(12.1m)

Cash From Financing Activities

(5.4m)(20.9m)(6.0m)(20.4m)(26.5m)(34.9m)(7.8m)(12.7m)(21.5m)361.9m(6.9m)(21.9m)(35.8m)1.5m(8.3m)(22.8m)(4.7m)(24.5m)

Net Change in Cash

1.9m4.7m(12.8m)(13.9m)10.4m1.6m(4.2m)(5.4m)27.0m(4.7m)(4.6m)(5.0m)(39.2m)(30.7m)(14.4m)117.5m24.7m50.1m

Interest Paid

815.0k1.5m675.0k1.3m1.9m2.4m424.0k808.0k1.6m2.5m1.0m10.2m11.3m700.0k14.8m10.6m200.0k9.4m9.6m

Income Taxes Paid

3.9m8.1m1.2m5.4m10.3m11.6m940.0k2.8m13.5m4.9m1.7m5.7m7.3m3.4m5.6m12.6m900.0k800.0k7.7m

Tennant Ratios

USDY, 2009

Tennant Employee Rating

2.9164 votes
Culture & Values
2.8
Work/Life Balance
3.6
Senior Management
2.5
Salary & Benefits
2.9
Career Opportunities
2.5
Source