NYSE$TNC
Tennant Company · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter results with net income of $15.6 million and organic sales growth of 1.7%.
Tennant Company reported a decrease in net sales by 3.3% to $262.9 million, but achieved a 1.7% organic sales increase. Net income decreased to $15.6 million, primarily driven by lower margins. The company is managing costs and addressing supply chain disruptions.
- Net income for the third quarter was $15.6 million on net sales of $262.9 million, with a 1.7% organic sales growth.
- Adjusted EBITDA for the third quarter was $33.8 million, representing 12.9% of sales; adjusted diluted EPS was $0.99.
- Macroeconomic headwinds, including foreign currency volatility, negatively impacted results.
- The company lowered full-year diluted EPS guidance range to $3.20 - $3.60 and Adjusted EBITDA guidance range to $130 million - $140 million.
Headline financials
Revenue & EPS history
Tennant · Revenue · Quarterly
$263M
Forward guidance
The Company’s full-year 2022 revised guidance, detailed below, factors in the impacts of foreign currency headwinds, inflation and price realization, as well as increasing energy costs.
Tailwinds
- Incremental improvements to stabilize supply chain.
- Increase production levels to deliver best-in-class service.
- Enhance the customer experience.
- Focus on increasing production to service backlog.
- Improve profit margins through price realization.
Headwinds
- Impacts of foreign currency headwinds.
- Inflation.
- Increasing energy costs.
- Geopolitical factors have moderated demand patterns, specifically in EMEA and APAC.
- Macroeconomic headwinds, including foreign currency volatility, persisted during the quarter, and we anticipate this environment will continue to impact results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+0.1%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+20.3%
Q1 2023
Best reaction
-23.0%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +6.5% | +3.3% | |
| Q4 2025 | -23.0% | -25.8% | -17.7% | |
| Q3 2025 | -5.5% | -6.3% | -6.7% | |
| Q1 2025 | +2.7% | +1.9% | +7.1% | |
| Q4 2024 | -1.7% | -0.7% | -3.4% | |
| Q3 2024 | -7.7% | -5.0% | -2.0% | |
| Q2 2024 | -2.5% | -3.0% | -4.7% | |
| Q1 2024 | -7.5% | -6.6% | -11.3% | |
| Q4 2023 | +4.3% | +12.5% | +19.5% | |
| Q3 2023 | +5.3% | +9.2% | +13.5% | |
| Q2 2023 | +7.1% | +6.3% | +2.7% | |
| Q1 2023 | +20.3% | +18.1% | +13.0% | |
| Q4 2022 | +4.9% | +3.4% | -5.6% | |
| Q3 2022 | -0.5% | -1.8% | +5.9% | |
| Q2 2022 | +3.5% | +7.3% | -7.8% | |
| Q1 2022 | -8.3% | -11.4% | -10.1% | |
| Q4 2021 | +3.5% | +1.2% | +5.1% | |
| Q3 2021 | -1.5% | +2.5% | -1.2% | |
| Q2 2021 | -4.1% | -4.9% | -3.6% | |
| Q1 2021 | +3.6% | +6.6% | +3.9% | |
| Q4 2020 | -3.7% | -2.2% | +2.4% | |
| Q3 2020 | -0.4% | +2.2% | +14.8% | |
| Q2 2020 | -4.3% | -5.1% | -1.9% | |
| Q1 2020 | -4.7% | -4.2% | +22.7% | |
| Q4 2019 | -0.3% | -2.6% | -38.0% | |
| Q3 2019 | +8.2% | +9.5% | +4.0% | |
| Q2 2019 | +8.5% | +3.1% | +1.8% | |
| Q1 2019 | -6.1% | -4.3% | -15.7% | |
| Q4 2018 | +4.8% | +1.1% | -0.8% | |
| Q3 2018 | -3.9% | -7.7% | -8.5% | |
| Q2 2018 | +5.4% | +1.8% | -4.4% | |
| Q1 2018 | +6.7% | +5.9% | +12.8% | |
| Q4 2017 | +1.6% | +8.7% | +6.4% | |
| Q3 2017 | -5.6% | -2.2% | -5.5% | |
| Q2 2017 | -13.4% | -12.7% | -19.1% | |
| Q1 2017 | -1.6% | -0.5% | -4.3% | |
| Q4 2016 | +6.9% | +0.2% | +0.9% | |
| Q3 2016 | -0.3% | +3.5% | +24.0% | |
| Q2 2016 | +9.5% | +11.3% | +11.4% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | +0.4% | — | — | |
| Q3 2015 | -0.2% | — | — | |
| Q2 2015 | -5.1% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | -3.2% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | +2.8% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | -9.0% | — | — | |
| Q3 2013 | -6.9% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | -3.0% | — | — | |
| Q2 2012 | +1.7% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q1 2012 | +3.6% | — | — | |
| Q4 2011 | -2.1% | — | — | |
| Q4 2009 | -2.1% | — | — | |
| Q1 2010 | -2.1% | — | — | |
| Q3 2011 | +7.2% | — | — | |
| Q3 2010 | +7.2% | — | — | |
| Q2 2010 | -6.5% | — | — | |
| Q2 2011 | -6.5% | — | — | |
| Q4 2010 | -6.5% | — | — |
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