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COMPANY BENCHMARKING • UNITED STATES

Tennant Co - Company Profile

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Tennant Co - Overview

Description
Tennant Co is a public company headquartered in Minnesota with an estimated 4,299 employees. In the US, the company has a notable market share in at least two industries: Copier & Optical Machinery Manufacturing, Janitorial Equipment Supply Wholesaling and Janitorial Equipment Supply Wholesaling. Their largest market share is in the Janitorial Equipment Supply Wholesaling industry, where they account for an estimated 2.2% of total industry revenue.
Company Details

Registered Name: Tennant Co

Company Type: Operating

Exchange: NYSE

Headquarters: 104000 Clean Street Eden Prairie MN 55344

Website: https://www.tennantco.com

Employees: 4299

Tennant Co - Operating Industries and Main Competitors

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Tennant Co - Products and Services

  • Copier & Optical Machinery Manufacturing in the US

    • Of the 8 core revenue-generating products and services in the Copier & Optical Machinery Manufacturing in the US industry, Tennant Co offers:
    • Commercial and industrial vacuum cleaners and automotive equipment
    • Electronic teaching machines
    • Optical instrument and lens manufacturing
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Tennant Co - Analyst Insights

Tennant Company continues enterprise strategy with latest divesture

In February 2021, Tennant Company (Tennant) completed the sale of its coating business, Tennant Coatings, to The Sherwin-Williams Company (SWC), a nationwide paint and coating manufacturer. In the 12-months prior to the sale, the coating segment generated $22.1 million in sales, accounting for 2.2% of total company sales. This sale further pushes Tennant’s enterprise strategy to focus on segments where it has a competitive advantage. The sale of a non-core business allows the company to redirect resources to its core services and focus on more profitable activities.

Balance Sheet|Discontinued Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Tennant Co - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Tennant Co's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Copier & Optical Machinery Manufacturing in the US, and Janitorial Equipment Supply Wholesaling in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Tennant Co - Financial Statements & Ratios

pie_chartTennant Co Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Revenue1,243.61,092.21,090.81,001.01,137.61,123.5
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartTennant Co Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Cash and EquivalentsN/AN/AN/AN/AN/A85.6
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartTennant Co Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Net Income109.566.364.933.745.933.5
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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    Products and Services
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