Tennant reports Q3 EPS $1.34, consensus $1.15

Reports Q3 revenue $304.7M, consensus $296.6M. “We are pleased to report Tennant’s strong third quarter results, which built on the momentum in the first half of the year. This was the fourth consecutive quarter our global team delivered organic net sales and Adjusted EBITDA growth above our expectations and puts us on pace to deliver a record-setting year. We are proud of the teams who have worked diligently to execute our enterprise strategy, manage the supply-chain crisis and serve Tennant’s customers around the world,” said Dave Huml, Tennant president and CEO. “We are raising our full-year 2023 guidance on the strength of the quarter’s results, our remaining backlog position, and expectations of continuing resilience in demand for the remainder of the year.”