Tennant Company (TNC)
Tennant Company operates in the Industrial - Machinery industry of the Industrials sector, headquartered in Eden Prairie, MN, US. The stock last traded at $68.11, up 2.70% on the session, giving a market capitalisation of $1.16B. On trailing twelve-month figures it carries a trailing P/E of 67.34, a net margin of 1.5%. Its beta of 1.13 implies it has historically moved more than the broad market.
Tennant Company, a global entity operating its design, manufacturing, and marketing efforts across the Americas, Europe, the Middle East, Africa, and Asia Pacific, specializes in sophisticated floor cleaning machinery. Its comprehensive portfolio encompasses an array of floor maintenance and cleaning equipment, environmentally friendly cleaning technologies (including detergent-free solutions), aftermarket parts and consumables, equipment upkeep and repair services, specialized surface coatings, and asset management solutions. The company further extends its offerings with financial services such as leasing, rental, and financing programs, along with advanced machine-to-machine (M2M) asset oversight systems. Products are distributed under proprietary brands like Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen, as well as various private labels. These solutions are utilized across a broad spectrum of commercial and public environments, including retail establishments, distribution centers, factories, warehouses, public venues (such as arenas and stadiums), office buildings, schools, universities, hospitals, clinics, parking lots, and streets. Tennant serves a diverse clientele, including professional cleaning contractors and various businesses, through its direct sales and service teams, complemented by an extensive network of authorized distributors. Established in 1870, the company maintains its corporate headquarters in Eden Prairie, Minnesota.
Tennant Company is most often compared with the following Industrials names: