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Stock Market & Financial Investment News

News Breaks
November 27, 2012
17:39 EDTTNCTennant awarded $157.5M government contract
Tennant is being awarded a fixed-price with economic-price-adjustment contract with a maximum $157.5M for procurement of commercial type environmental equipment. The date of performance completion is Nov. 26, 2017.
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February 24, 2015
08:53 EDTTNCTennant sees FY15 EPS $2.40-$2.70, consensus $3.16
Sees FY15 revenue $825M-$855M, up 0.4%-4.0%, or approximately 5%-9% organically, assuming an unfavorable foreign currency exchange impact on sales in the range of 4%-6%. Consensus $858.8M. Foreign currency exchange estimated to negatively impact operating profit in the range of $10M-$12M, or approximately 37c to 44c EPS. Anticipated higher effective tax rate for FY15 anticipated to negatively impact EPS by approximately 14c. Sees FY15 financial results stronger in 2H. Sees economic strength in North America and modest improvement in Europe, growth in emerging markets. Sees gross margin performance of approximately 43%; R&D expense of approximately 4% of sales, as the company continues to invest in core products and water-based cleaning technologies; capital expenditures in the range of $25M-$28M; effective tax rate of approximately 31%, including the anticipated enactment of the 2015 Federal R&D tax credit.
08:47 EDTTNCTennant reports Q4 EPS 93c, consensus 83c
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