Tennant Q3 sales rise 3.6% to $315.8 million; GAAP diluted EPS falls to $1.09
Tennant Company reported third quarter 2024 net sales of $315.8 million, up 3.6% from a year earlier, and adjusted diluted EPS of $1.39, up 3.7%. GAAP net income fell 9.2% to $20.8 million and GAAP diluted EPS fell 9.9% to $1.09, while the company affirmed its 2024 guidance, so shareholders see higher sales and adjusted earnings alongside lower reported profit.
Key points
- Net sales were $315.8 million, up 3.6%, or 2.7% organically; Americas organic sales rose 4.6% while EMEA fell 0.8% and APAC fell 4.3%.
- GAAP diluted EPS was $1.09 versus $1.21 a year earlier; adjusted diluted EPS was $1.39 versus $1.34.
- Adjusted EBITDA was $47.9 million, up 4.4%, and operating cash flow was $30.7 million, down $23.7 million from the prior-year period.
- The company affirmed 2024 guidance, including net sales of $1,280 million to $1,305 million and adjusted diluted EPS of $6.15 to $6.55.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.