Founded in 1870, Tennant Company (TNC), headquartered in Minneapolis, Minnesota, is a world leader in designing, manufacturing and marketing solutions that empower customers to achieve quality cleaning performance, reduce their environmental impact and help create a cleaner, safer, healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; cleaning tools and supplies; and coatings for protecting, repairing and upgrading surfaces. Tennant's global field service network is the most extensive in the industry. Tennant Company had sales of $1.14 billion in 2019 and has approximately 4,400 employees. Tennant has manufacturing operations throughout the world and sells products directly in 15 countries and through distributors in more than 100 countries. For more information, visit www.tennantco.com and www.ipcworldwide.com. The Tennant Company logo and other trademarks designated with the symbol '®' are trademarks of Tennant Company registered in the United States and/or other countries.
Company profile
Ticker
TNC
Exchange
Website
CEO
H. Chris Killingstad
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Anhui Rongen Environmental Protection Technology Co., Ltd. • Applied Kehrmaschinen GmbH • Applied Sweepers Group Leasing Limited • Applied Sweepers Holdings Limited • Applied Sweepers International Limited • CT Corporation Ltd. • Eagle International LLC • Floorep Limited • Hefei Gaomei Cleaning Machines Co., Ltd. • Hofmans Machinefabriek en Constructiebedrijf B.V. ...
IRS number
410572550
TNC stock data
Press releases
Tennant Company Announces Grand Prize Winner in Third Annual K-12 Custodians Are Key Contest
17 May 22
Tennant Company Reports 2022 First Quarter Results
28 Apr 22
Tennant Company Declares Regular Quarterly Cash Dividend
26 Apr 22
Tennant Company to Webcast First Quarter 2022 Conference Call
14 Apr 22
Tennant Company Introduces Lithium-Ion Technology to AMR (Autonomous Mobile Robot) Floor Cleaning Machines
5 Apr 22
Calendar
28 Apr 22
20 May 22
31 Dec 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 110.4M | 110.4M | 110.4M | 110.4M | 110.4M | 110.4M |
| Cash burn (monthly) | 4.4M | 5.4M | (no burn) | (no burn) | 3.37M | (no burn) |
| Cash used (since last report) | 7.29M | 8.95M | n/a | n/a | 5.58M | n/a |
| Cash remaining | 103.11M | 101.45M | n/a | n/a | 104.82M | n/a |
| Runway (months of cash) | 23.4 | 18.8 | n/a | n/a | 31.1 | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 May 22 | West Fay | Common Stock | Payment of exercise | Dispose F | No | No | 60.51 | 1,963 | 118.78K | 16,113 |
| 3 May 22 | Eicher Carol S | Common Stock | Grant | Acquire A | No | No | 0 | 1,736 | 0 | 21,528 |
| 3 May 22 | Green Maria C | Common Stock | Grant | Acquire A | No | No | 0 | 1,736 | 0 | 6,884 |
| 3 May 22 | Timothy R. Morse | Common Stock | Grant | Acquire A | No | No | 0 | 1,736 | 0 | 3,289 |
| 3 May 22 | Sonnenberg Steven Alan | Common Stock | Grant | Acquire A | No | No | 0 | 1,736 | 0 | 21,547.04 |
Institutional ownership, Q1 2022
91.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 163 |
| Opened positions | 10 |
| Closed positions | 22 |
| Increased positions | 53 |
| Reduced positions | 62 |
| 13F shares | Current |
|---|---|
| Total value | 1.35B |
| Total shares | 17.05M |
| Total puts | 6.8K |
| Total calls | 5.5K |
| Total put/call ratio | 1.2 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 2.84M | $224M |
| Vanguard | 2.04M | $161.03M |
| ArrowMark Colorado | 1.88M | $148.24M |
| Mairs & Power | 1.67M | $131.38M |
| Clearbridge Advisors | 817.08K | $64.39M |
| PrimeStone Capital | 761.37K | $61.15M |
| STT State Street | 636.44K | $50.15M |
| Dimensional Fund Advisors | 564.64K | $44.49M |
| P2 Capital Partners | 500K | $39.4M |
| Deprince Race & Zollo | 493.47K | $38.89M |
Content analysis
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| Legalese | ||
| Litigous | ||
| Readability |
8th grade Good
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New words:
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Removed:
America, arrangement, Asia, begun, broader, Canadian, charge, decision, dedicated, deliver, detail, discontinue, effort, existing, final, flat, fourth, globally, improve, influenced, integration, Japan, macroeconomic, Mexican, model, North, occur, operate, Pacific, partially, peso, point, prioritized, profitability, projected, Reclassification, reclassified, reduced, reduction, removing, response, restrictive, restructured, rolling, significantly, Simplifying, streamline, strength, team, temporary, trade, travel, vaccination, vaccine, workforce
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
4 May 22
8-K
Submission of Matters to a Vote of Security Holders
2 May 22
8-K
Tennant Company Reports 2022 First Quarter Results
28 Apr 22
8-K
Tennant Company Reports Strong 2021 Full Year Results and Provides Full Year 2022 Guidance
24 Feb 22
8-K
Tennant Company Reports 2021 Third-Quarter Results
2 Nov 21
8-K
Tennant Company Reports 2021 Second-Quarter Results
3 Aug 21
8-K
Tennant Company Reports 2021 First-Quarter Results and Raises Full-Year Guidance
4 May 21
8-K
Submission of Matters to a Vote of Security Holders
3 May 21
8-K/A
Entry into a Material Definitive Agreement
29 Apr 21
8-K
Entry into a Material Definitive Agreement
7 Apr 21
Registration and prospectus
S-8
Registration of securities for employees
10 May 21
S-8
Registration of securities for employees
11 May 20
424B3
Prospectus supplement
21 Jan 18
S-4
Registration of securities issued in business combination transactions
7 Jan 18
S-8
Registration of securities for employees
8 Aug 17
S-3ASR
Automatic shelf registration
1 Nov 15
S-8
Registration of securities for employees
25 Apr 13
S-3ASR
Automatic shelf registration
30 Oct 12
S-8
Registration of securities for employees
6 May 12
S-8
Registration of securities for employees
27 Apr 10
Proxies
DEFA14A
Additional proxy soliciting materials
17 Mar 22
DEFA14A
Additional proxy soliciting materials
17 Mar 21
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
13 Mar 18
DEFA14A
Additional proxy soliciting materials
13 Mar 18
Other
SD
Conflict minerals disclosure
28 May 21
UPLOAD
Letter from SEC
20 Jan 21
CORRESP
Correspondence with SEC
8 Nov 20
UPLOAD
Letter from SEC
26 Oct 20
SD
Conflict minerals disclosure
28 May 20
UPLOAD
Letter from SEC
18 Sep 19
CORRESP
Correspondence with SEC
8 Sep 19
UPLOAD
Letter from SEC
27 Aug 19
SD
Conflict minerals disclosure
30 May 19
UPLOAD
Letter from SEC
29 Aug 18
Ownership
4
TENNANT / Fay West ownership change
9 May 22
4
TENNANT / Timothy R. Morse ownership change
4 May 22
4
TENNANT / MARIA C GREEN ownership change
4 May 22
4
TENNANT / David Windley ownership change
4 May 22
4
TENNANT / CAROL S EICHER ownership change
4 May 22
4
TENNANT / Steven Alan Sonnenberg ownership change
4 May 22
4
TENNANT / Donal L Mulligan ownership change
4 May 22
4
TENNANT / Azita Arvani ownership change
4 May 22
4
TENNANT / Kristin A. Stokes ownership change
3 Mar 22
4
TENNANT / Richard H. Zay ownership change
3 Mar 22
Patents
Utility
Thread forming apparatus and method for rotationally molded product
18 Jan 22
A thread forming apparatus for forming threads in a rotational molding apparatus comprising a molding pin having a generally elongate shape, at least a portion of the molding pin having a threaded portion, the molding pin adapted to rotate along with the mold and receive the plastic material on at least the threaded portion, the molding pin being releasable relative to the mold such that once the plastic material coats the threaded portion of the molding pin and forms a threaded portion on the molded product, the molding pin is completely removed from the mold.
Design
Interchangeable scrub brush or scrub pad for a floor maintenance vehicle
7 Dec 21
Inventors: Leo J. Baker, Jeremy C. Stoddard, Steven J. Leibrandt, Nathan Scott Meyer, Justin M. Clark
Utility
Fluid Dispensing System and Method
11 Nov 21
A system and method for dispensing a treatment fluid is provided.
Utility
Surface maintenance machine with removable storage
26 Oct 21
A coupling mechanism for removably coupling a storage cart to a surface maintenance machine includes a cart-side connector connectable to the storage cart and a machine-side connector connectable to the surface maintenance machine.
Utility
Application of Cleaning Solution on a Surface Maintenance Machine
16 Sep 21
A surface maintenance machine comprises a surface maintenance head assembly with attached surface maintenance tool for collecting debris/fluid using a fluid delivery/recovery system.
Transcripts
2022 Q1
Earnings call transcript
30 Apr 22
2021 Q4
Earnings call transcript
26 Feb 22
2021 Q3
Earnings call transcript
2 Nov 21
2021 Q2
Earnings call transcript
6 Aug 21
2021 Q1
Earnings call transcript
8 May 21
2020 Q4
Earnings call transcript
28 Feb 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
9 May 20
2019 Q4
Earnings call transcript
20 Feb 20
Reddit threads
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Home made screener using EDGAR
29 Mar 22
Daily Discussion Thread - March 2nd, 2022
2 Mar 22
Daily Discussion Thread - March 1st, 2022
1 Mar 22
Daily Discussion Thread - February 28th, 2022
28 Feb 22
Daily Discussion Thread - February 24th, 2022
24 Feb 22
Daily Discussion Thread - February 23rd, 2022
23 Feb 22