Tennant second quarter sales jump

Tennant Co reports second quarter sales increase of 27.5 per cent.

Tennant Co. has reported fiscal-second-quarter sales of US$279.2 million, a jump of 27.5 per cent on an organic basis from the previous year.

The company posted a net income of $9.8 million or $0.51 per share, down slightly from $14.3 million, or $0.77 per share, a year earlier.

Sales in the company’s EMEA division jumped 55.5 per cent compared to the previous year while Tennant’s Americas division reported a 22.7 per cent rise in sales.

“Tennant’s second-quarter revenue results reflect the continuing market recovery we saw across our geographic markets,” said Dave Huml, Tennant CEO.

“We remain confident and committed to delivering our full-year guidance despite the current global supply-chain constraints and commodity inflation impacting our ability to fully meet the increase in customer demand.”

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