TENNANT CO
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
TNC$75.50+1.4%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| (In millions, except shares and per share data) | Three Months EndedMarch 31, | |
|---|---|---|
| 2024 | 2023 | |
| Net sales | $311.0 | $305.8 |
| Cost of sales | 173.5 | 180.3 |
| Gross profit | 137.5 | 125.5 |
| Selling and administrative expense | 89.9 | 81.7 |
| Research and development expense | 10.1 | 7.9 |
| Operating income | 37.5 | 35.9 |
| Interest expense, net | (2.3) | (3.7) |
| Net foreign currency transaction loss | (0.2) | (0.1) |
| Other income (expense), net | 0.1 | (0.1) |
| Income before income taxes | 35.1 | 32.0 |
| Income tax expense | 6.7 | 7.7 |
| Net income | $28.4 | $24.3 |
| Net income per share | ||
| Basic | $1.52 | $1.32 |
| Diluted | $1.49 | $1.30 |
| Weighted average shares outstanding | ||
| Basic | 18,665,570 | 18,449,430 |
| Diluted | 19,077,767 | 18,682,268 |
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