TNC Q1 2023 Earnings — Tennant Company Revenue & Financial Results | Market Cap Arena

TNCTennant Company

$1B

Q1 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$306M+18.5% YoY

Gross Profit

$126M41.0% margin

Operating Income

$36M11.7% margin

Net Income

$24M7.9% margin

EPS (Diluted)

$1.30

QoQ Revenue Growth

+5.1%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

$24M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$608M

Stockholders' Equity

$492M

Cash & Equivalents

$91M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$306M	$258M	+18.5%
Gross Profit	$126M	$99M	+26.9%
Operating Income	$36M	$15M	+145.9%
Net Income	$24M	$10M	+135.9%

Revenue Segments

Equipment Sales

$186M61%

Parts and Consumables

$73M24%

Service and Other

$46M15%

Geographic Segments

Americas

$204M67%

EMEA

$82M27%

Asia Pacific

$19M6%