Tennant Company is a leading provider of cleaning solutions and equipment, specializing in the design, manufacture, and sale of a wide range of floor cleaning machines and surface maintenance products. The company offers an extensive portfolio that includes industrial and commercial equipment such as scrubbers, sweepers, and floor maintenance systems, aimed at ensuring cleanliness and safety in various environments, from warehouses to retail spaces. In addition to its hardware, Tennant focuses on sustainable practices and innovative technologies, providing effective solutions that improve indoor air quality and reduce water and energy consumption. The company is committed to delivering high-quality products and exceptional customer service to meet the distinct needs of its clients globally. Read More
Let’s dig into the relative performance of Watts Water Technologies (NYSE:WTS) and its peers as we unravel the now-completed Q4 water infrastructure earnings season.
Although the S&P 500 is down 1.4% over the past six months, Tennant’s stock price has fallen further to $84.99, losing shareholders 9% of their capital. This was partly due to its softer quarterly results and might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Tennant (NYSE:TNC) and the rest of the water infrastructure stocks fared in Q4.
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how water infrastructure stocks fared in Q4, starting with Xylem (NYSE:XYL).
Industrial cleaning equipment manufacturer Tennant Company reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.6% year on year to $328.9 million. On the other hand, the company’s full-year revenue guidance of $1.23 billion at the midpoint came in 7.3% below analysts’ estimates. Its non-GAAP profit of $1.52 per share was 10.7% above analysts’ consensus estimates.
Directors of Tennant Company (NYSE: TNC) authorized a new share repurchase program of up to 2,000,000 shares of the Company’s common stock, effective February 11, 2025.
Directors of Tennant Company (NYSE: TNC) today declared a regular quarterly cash dividend of $0.295 per share payable March 14, 2025, to shareholders of record at the close of business on February 28, 2025.
Tennant Company (NYSE: TNC) today announced that the company will report its fourth quarter and full-year fiscal 2024 financial results after the market closes on Monday, February 17, 2025, with a conference call to follow at 10:00 a.m. Eastern Time/9 a.m. Central Time on Tuesday, February 18, 2025. The conference call will be webcast and can be accessed on the company’s website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the company’s website.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the water infrastructure industry, including Mueller Water Products (NYSE:MWA) and its peers.
Tennant Company (NYSE: TNC), a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, today announced the release of lithium-ion battery-powered versions of its popular T12 and T16 scrubbers. This product innovation will support customers' productivity & sustainability goals.
Over the last six months, Tennant’s shares have sunk to $88.70, producing a disappointing 11.6% loss - a stark contrast to the S&P 500’s 14.4% gain. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Watts Water Technologies (NYSE:WTS) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Tennant (NYSE:TNC) and the best and worst performers in the water infrastructure industry.
