TNC Q2 2023 Earnings — Tennant Company Revenue & Financial Results | Market Cap Arena

TNCTennant Company

$1B

Q2 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$322M+15.0% YoY

Gross Profit

$140M43.4% margin

Operating Income

$44M13.5% margin

Net Income

$31M9.7% margin

EPS (Diluted)

$1.68

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$34M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$586M

Stockholders' Equity

$521M

Cash & Equivalents

$96M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$322M	$280M	+15.0%
Gross Profit	$140M	$106M	+32.0%
Operating Income	$44M	$19M	+127.7%
Net Income	$31M	$17M	+88.6%

Revenue Segments

Equipment Sales

$203M63%

Parts and Consumables

$71M22%

Service and Other

$48M15%

Geographic Segments

Americas

$217M67%

EMEA

$80M25%

Asia Pacific

$25M8%