TNCTennant Company

$1B

Q2 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$331M+2.9% YoY

Gross Profit

$143M43.1% margin

Operating Income

$39M11.7% margin

Net Income

$28M8.4% margin

EPS (Diluted)

$1.45

QoQ Revenue Growth

+6.4%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$14M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$542M

Stockholders' Equity

$625M

Cash & Equivalents

$85M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$331M	$322M	+2.9%
Gross Profit	$143M	$140M	+2.3%
Operating Income	$39M	$44M	-11.3%
Net Income	$28M	$31M	-10.9%

Revenue Segments

Equipment Sales

$211M64%

Parts and Consumables

$69M21%

Service and Other

$51M16%

Geographic Segments

Americas

$228M69%

EMEA

$82M25%

Asia Pacific

$22M7%

TNC Q2 2024 Earnings — Tennant Company Revenue & Financial Results | Market Cap Arena