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AI brief of an SEC Form 8-K · Tennant (TNC)

Tennant 2024 sales rise 3.5% to $1.29 billion, but net income falls 23.6%

Mixed Impact 4 of 5 earnings Written later

Tennant reported record full-year 2024 net sales of $1.29 billion, up 3.5%, but net income fell 23.6% to $83.7 million and diluted EPS fell 24.9% to $4.38. The company's 2025 guidance projects net sales of $1.21 billion to $1.25 billion and an organic sales decline of 1% to 4%, which shareholders will weigh against the weaker profit trend.

Key points

  • Full-year 2024 net sales rose 3.5% to $1,286.7 million; diluted EPS fell to $4.38 from $5.83.
  • Fourth-quarter net income was $6.6 million, down 78.7%, and included $10.3 million of legal contingency costs.
  • 2025 guidance: net sales of $1,210 million to $1,250 million, organic net sales decline of 1% to 4%, and diluted EPS of $3.80 to $4.30.
  • Full-year adjusted EBITDA rose 8.2% to $208.8 million, with a 16.2% margin.

The filing

CompanyTennant (TNC)
Form8-K, current report
Filed with the SECFeb 18, 2025, 7:40 AM ET
Accession number0000097134-25-000003

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 February 18, 2025.

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.