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Stock Market & Financial Investment News

News Breaks
July 24, 2014
08:47 EDTTNCTennant reports Q2 EPS 83c, consensus 76c
Reports Q2 revenue $219.1M, consensus $207.33M.
News For TNC From The Last 14 Days
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July 23, 2015
08:49 EDTTNCTennant sees $1B in revenue by 2017
The company says "Overall, we remain pleased with the company’s progress against our organic sales growth goals during the 2015 second quarter and first half, as we strive to reach $1 billion in revenues by 2017. We continue to anticipate organic sales gains and improved profitability for the full year, despite ongoing global economic uncertainty and foreign currency headwinds. Tennant plans to meet its $1 billion strategic growth goal through a strong new product pipeline in both the core business and in the Orbio Technologies Group, continued gains in emerging markets, growth in Europe, focus on strategic accounts and an enhanced go-to-market strategy designed to significantly expand its global market coverage and customer base."
08:47 EDTTNCTennant sees FY15 EPS $2.40-$2.70, consensus $2.59
Narrows FY15 net sales view to $825M-$845M from $825M-$855M, consensus $840.77M. As stated previously, foreign currency exchange headwinds in 2015 are estimated to negatively impact operating profit in the range of $10 million to $12 million, or approximately $0.37 to $0.44 earnings per diluted share. The estimated higher effective tax rate in 2015 is anticipated to negatively impact earnings per diluted share by approximately $0.14. The company expects its 2015 financial results to be stronger in the second half of the year. For the 2014 full year, diluted earnings per share totaled $2.70 on net sales of $822 million.
08:46 EDTTNCTennant reports Q2 EPS 79c, consensus 68c
Reports Q2 revenue $215.4M, consensus $217M. On a “Constant Currency” basis, Tennant would have reported 2015 second quarter net sales of $227.4M and net earnings per diluted share of 92c, which would have been an increase of 10.8 percent over the prior year quarter. Tennant plans to meet its $1 billion strategic growth goal through a strong new product pipeline in both the core business and in the Orbio Technologies Group, continued gains in emerging markets, growth in Europe, focus on strategic accounts and an enhanced go-to-market strategy designed to significantly expand its global market coverage and customer base.
July 20, 2015
08:22 EDTTNCTennant management to meet with Jefferies
Meeting to be held in the Mid-Atlantic area on July 27 hosted by Jefferies.

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