TNC Q4 2023 Earnings — Tennant Company Revenue & Financial Results | Market Cap Arena

TNCTennant Company

$1B

Q4 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$311M+7.0% YoY

Gross Profit

$131M42.0% margin

Operating Income

$25M7.9% margin

Net Income

$31M10.0% margin

EPS (Diluted)

$1.64

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$56M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$535M

Stockholders' Equity

$577M

Cash & Equivalents

$117M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$311M	$291M	+7.0%
Gross Profit	$131M	$115M	+13.5%
Operating Income	$25M	$28M	-13.7%
Net Income	$31M	$24M	+30.3%

Revenue Segments

Equipment Sales

$197M63%

Parts and Consumables

$67M21%

Service and Other

$47M15%

Geographic Segments

Americas

$208M67%

EMEA

$80M26%

Asia Pacific

$23M7%