TNC Q3 2023 Earnings — Tennant Company Revenue & Financial Results | Market Cap Arena

TNCTennant Company

$1B

Q3 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$305M+15.9% YoY

Gross Profit

$132M43.3% margin

Operating Income

$35M11.4% margin

Net Income

$23M7.5% margin

EPS (Diluted)

$1.21

QoQ Revenue Growth

-5.3%

Cash Flow

Operating Cash Flow

$54M

Free Cash Flow

$51M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$513M

Stockholders' Equity

$545M

Cash & Equivalents

$97M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$305M	$263M	+15.9%
Gross Profit	$132M	$101M	+31.1%
Operating Income	$35M	$21M	+62.1%
Net Income	$23M	$16M	+46.8%

Revenue Segments

Equipment Sales

$190M62%

Parts and Consumables

$68M22%

Service and Other

$47M15%

Geographic Segments

Americas

$211M69%

EMEA

$72M24%

Asia Pacific

$22M7%