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Tennant Company Shares Fall After Q2 Adjusted EPS Declines; Updates Full-Year Guidance
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Tennant Company Shares Fall After Q2 Adjusted EPS Declines; Updates Full-Year Guidance
Aug 8, 2024 7:18 AM

09:56 AM EDT, 08/08/2024 (MT Newswires) -- Tennant Company ( TNC ) shares fell 2% in recent trading Thursday after reporting Q2 adjusted earnings Thursday of $1.83 per diluted share, compared with $1.86 a year earlier.

Two analysts surveyed by Capital IQ expected $1.72.

Revenue for the quarter ended June 30 was $331 million, compared with $321.7 a year earlier. Two analysts surveyed by Capital IQ expected $327 million.

The company narrowed its full-year 2024 guidance for adjusted EPS to a range of $6.15 to $6.55 from previous guidance of $6.05 to $6.65. It also raised its 2024 revenue guidance to a range of $1.28 billion to $1.31 billion from previous guidance of $1.27 billion to $1.30 billion.

Two analysts surveyed by Capital IQ expect adjusted EPS of $6.61 on revenue of $1.28 billion.

Price: 94.02, Change: -2.00, Percent Change: -2.08

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