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An update from Tanfield ( (GB:TAN) ) is now available.
Tanfield Group PLC has reported a decrease in sales and EBITDA for Snorkel International Holdings LLC in the first nine months of 2024, with sales down 5.4% to $137.3 million and EBITDA showing a loss of $1.9 million. Despite the decline, Tanfield’s board remains optimistic about potential growth in the aerial work platform market and is focused on ongoing legal proceedings related to their joint venture, anticipating a jury trial to commence in October 2025.
More about Tanfield
Tanfield Group PLC operates in the aerial work platform industry and holds a 49% equity share in Snorkel International Holdings LLC. The company formed a joint venture with Xtreme Manufacturing LLC, owned by Don Ahern, in October 2013, focusing on Snorkel’s development.
YTD Price Performance: -2.75%
Average Trading Volume: 11,089
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.75M
See more data about TAN stock on TipRanks’ Stock Analysis page.