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Tennant: 1Q Earnings Snapshot

MINNEAPOLIS (AP) _ Tennant Co. (TNC) on Tuesday reported first-quarter net income of $5.4 million.

On a per-share basis, the Minneapolis-based company said it had profit of 29 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were 49 cents per share.

The maker of products for cleaning floors, parking lots and hospitals posted revenue of $262.5 million in the period.

Tennant expects full-year earnings in the range of $2.30 to $2.50 per share, with revenue in the range of $1.15 billion to $1.17 billion.

Tennant shares have increased 31% since the beginning of the year. The stock has decreased 7.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TNC at https://www.zacks.com/ap/TNC