03:54 AM EDT, 11/01/2024 (MT Newswires) -- Tennant (TNC) reported Q3 adjusted earnings late Thursday of $1.39 per diluted share, up from $1.34 a year earlier.

Two analysts polled by Capital IQ expected $1.44.

Net sales for the quarter ended Sept. 30 were $315.8 million, up from $304.7 million a year earlier.

Two analysts surveyed by Capital IQ expected $319.4 million.

For 2024, the company affirmed its net sales projection of $1.28 billion to $1.31 billion. Two analysts polled by Capital IQ expect $1.29 billion.

The company also raised its quarterly dividend 5.4% to $0.295 per share, payable Dec. 16 to shareholders of record as of Nov. 29.