Tennant Company Reports 2019 First-Quarter Results
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Tennant Co. (TNC) Tops Q1 EPS by 9c, Revenues Miss; Affirms FY19/Revenue Guidance
April 30, 2019 9:03 AM EDTTennant Co. (NYSE: TNC) reported Q1 EPS of $0.49, $0.09 better than the analyst estimate of $0.40. Revenue for the quarter came in at $262.5 million versus the consensus estimate of $279.65 million.
Net sales of $262.5 million in the first quarterFirst-quarter GAAP diluted earnings per share of $0.29; adjusted diluted EPS of $0.49 per shareAdjusted EBITDA growth of 17 percent to $29.5 million, up 200 basis points to 11.2 percent of salesCompany reaffirms 2019 guidance for net sales, Adjusted EBITDA and EPSChris Killingstad, Tennant Companys president and chief executive officer, said, Our margin... More
