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Tennant Co (TNC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Tennant Co (TNC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Tennant Co designs, manufactures & sells products used in the maintenance of nonresidential surfaces. Its products include floor maintenance & outdoor cleaning equipment specialty surface coatings, and aftermarket parts and consumables. Tennant Co has a market cap of $1.14 billion; its shares were traded at around $63.17 with a P/E ratio of 34.92 and P/S ratio of 1.06. The dividend yield of Tennant Co stocks is 1.36%. Tennant Co had annual average EBITDA growth of 22.80% over the past ten years.


For the last quarter Tennant Co reported a revenue of $285.2 million, compared with the revenue of $279.3 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.1 billion, an increase of 12% from last year. For the last five years Tennant Co had an average revenue growth rate of 7.7% a year.

The reported diluted earnings per share was $1.82 for the year, an increase of -620% from previous year. The Tennant Co had an operating margin of 5.16%, compared with the operating margin of 2.7% a year before. The 10-year historical median operating margin of Tennant Co is 7.26%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Tennant Co has the cash and cash equivalents of $85.6 million, compared with $58.4 million in the previous year. The long term debt was $328.1 million, compared with $346.0 million in the previous year. The interest coverage to the debt is 2.5, which is not a favorable level. Tennant Co has a financial strength rank of 5 (out of 10).

At the current stock price of $63.17, Tennant Co is traded at 11.1% discount to its historical median P/S valuation band of $71.04. The P/S ratio of the stock is 1.06, while the historical median P/S ratio is 1.16. The stock lost 5.57% during the past 12 months.

For the complete 20-year historical financial data of TNC, click here.

This article first appeared on GuruFocus.