Tennant Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-02

Tennant (NYSE:TNC) Third Quarter 2024 Results Key Financial Results Revenue: US$315.8m (up 3.6% from 3Q 2023). Net income: US$20.8m (down 9.2% from 3Q 2023). Profit margin: 6.6% (down from 7.5% in 3Q...

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The decrease in margin was driven by higher expenses.NYSE:TNC Earnings and Revenue Growth November 2nd 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 1.1%. Earnings per share  also missed analyst estimates by 4.4%.Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US.The company's shares are down 8.1% from a week ago.While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Tennant's balance sheet and an in-depth analysis of the company's financial position.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TNC":"坦能"},"translate_title":"滕南特2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TNC":1},"content_text":"Tennant (NYSE:TNC) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$315.8m (up 3.6% from 3Q 2023).\nNet income: US$20.8m (down 9.2% from 3Q 2023).\nProfit margin: 6.6% (down from 7.5% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: US$1.11 (down from US$1.23 in 3Q 2023).\n\n\n\n\n  NYSE:TNC Earnings and Revenue Growth November 2nd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nTennant Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 4.4%. \n Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US. \nPerformance of the American Machinery industry.\n The company's shares are down 8.1% from a week ago. \nBalance Sheet Analysis\n While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Tennant's balance sheet and an in-depth analysis of the company's financial position. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480821954"}