TNC Earnings Prediction
The chart below shows how TNC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TNC sees a +3.56% change in stock price 10 days leading up to the earnings, and a +0.23% change 10 days following the report. On the earnings day itself, the stock moves by -2.08%. This data can give you a slight idea of what to expect for the next quarter's release.
TNC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
315.80M
3.64%
-4.59%
Gross Margin
42.37%
-2.19%
-1.72%
Operating Margin
9.69%
-14.93%
-18.16%
Net Margin
6.59%
-12.37%
-21.83%
EPS
1.09
-9.92%
-24.83%
No Data Available
TNC Earnings Analysis
TENNANT COMPANY Corporation (TNC.N) Earnings Conference Call
Positive
Net Sales Increase: Net sales increased by 3.6% to $315.8 million compared to $304.7 million in the third quarter of 2023.
Adjusted EBITDA Increase: Adjusted EBITDA rose to $47.9 million, yielding an adjusted EBITDA margin of 15.2%.
Strong Order Rate Growth: Order rates were very strong in the third quarter, increasing high single digits compared to the same period in 2023.
Q3 Adjusted Net Income Growth: Adjusted net income for the third quarter of 2024 was $26.6 million, a 4.7% year-over-year increase.
Dividend Increase Announcement: The company announced a 5.4% increase to its annual dividend, raising it to 29.5 cents per share.
Negative
Net Income Decline: Net income decreased to $20.8 million compared to $22.9 million in the prior year period.
Increased Operating Expenses: Operating expenses rose this year due to ERP implementation costs as well as integration costs related to our acquisition of PCS, which totaled $4 million in the quarter.
Adjusted EBITDA Growth: Adjusted EBITDA for the third quarter of 2024 was $47.9 million, reflecting a 4.4% increase compared to the third quarter of 2023, but still indicates pressure on margins.
Gross Margin Decline: Gross margin was 42.4% in the third quarter, a 90 basis point decrease compared to the prior year quarter, attributed to inflationary pressure on materials as well as elevated freight costs.
EMEA Organic Sales Decline: Organic sales decreased 0.8% in EMEA due to volume declines in both equipment sales and parts and consumables, partially offset by price realization in all product categories.
TNC FAQs
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TNC Earning Call Sentiment
Tennant Company (TNC) Q3 2024 Earnings Call Transcript
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TNC.N
-1.7%Positive
The earnings call summary and Q&A indicate a positive sentiment overall. Tennant reported increased net sales, adjusted EBITDA, and adjusted net income, alongside an annual dividend increase and share repurchases, which are positive indicators. Despite some concerns about backlog reduction and inflationary pressures, the company raised its full-year guidance for net sales and EPS, suggesting confidence in future performance. The market cap of approximately $1.86 billion suggests a moderate reaction, leading to a prediction of a positive stock price movement (2% to 8%) over the next two weeks.