TENNANT CO
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 18, 2025
TNC$75.50+1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(In millions, except shares and per share data)
| Years ended December 31 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | $1,286.7 | $1,243.6 | $1,092.2 |
| Cost of sales | 736.7 | 715.8 | 671.3 |
| Gross profit | 550.0 | 527.8 | 420.9 |
| Selling and administrative expense | 391.9 | 352.6 | 306.3 |
| Research and development expense | 43.8 | 36.6 | 31.1 |
| Gain on sale of assets | — | — | (3.7) |
| Operating income | 114.3 | 138.6 | 87.2 |
| Interest expense, net | (9.1) | (13.5) | (7.1) |
| Net foreign currency transaction gain (loss) | 0.1 | 0.3 | (1.2) |
| Other (expense) income, net | (0.5) | (1.6) | 0.6 |
| Income before income taxes | 104.8 | 123.8 | 79.5 |
| Income tax expense | 21.1 | 14.3 | 13.2 |
| Net income | $83.7 | $109.5 | $66.3 |
| Net income per share | |||
| Basic | $4.46 | $5.92 | $3.58 |
| Diluted | $4.38 | $5.83 | $3.55 |
| Weighted average shares outstanding: | |||
| Basic | 18,786,871 | 18,509,523 | 18,494,356 |
| Diluted | 19,096,138 | 18,783,633 | 18,697,255 |
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