TENNANT CO
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.29B | $1.24B | $1.09B | $1.09B | $1.00B | $1.14B | $1.12B |
| Cost of Revenue | $719.2M | $736.7M | $715.8M | $671.3M | $652.8M | $593.2M | $675.9M | $678.5M |
| Gross Profit | $484.3M | $550.0M | $527.8M | $420.9M | $438.0M | $407.8M | $461.7M | $445.0M |
| Gross Margin | 40.2% | 42.7% | 42.4% | 38.5% | 40.2% | 40.7% | 40.6% | 39.6% |
| Operating Expenses | ||||||||
| Research & Development | $41.2M | $43.8M | $36.6M | $31.1M | $32.2M | $30.1M | $32.7M | $30.7M |
| SG&A Expense | $374.8M | $391.9M | $352.6M | $306.3M | $321.9M | $314.0M | $357.2M | $356.3M |
| Operating Income | $68.3M | $114.3M | $138.6M | $87.2M | $93.7M | $63.7M | $71.8M | $58.0M |
| Operating Margin | 5.7% | 8.9% | 11.1% | 8.0% | 8.6% | 6.4% | 6.3% | 5.2% |
| Interest Expense | — | — | — | — | $7.3M | $17.4M | $17.8M | $23.3M |
| Pretax Income | $57.9M | $104.8M | $123.8M | $79.5M | $74.1M | $41.1M | $54.0M | $35.8M |
| Income Tax Expense | $14.1M | $21.1M | $14.3M | $13.2M | $9.2M | $7.4M | $8.1M | $2.3M |
| Net Income | $43.8M | $83.7M | $109.5M | $66.3M | $64.9M | $33.7M | $45.8M | $33.4M |
| Net Margin | 3.6% | 6.5% | 8.8% | 6.1% | 5.9% | 3.4% | 4.0% | 3.0% |
| EPS (Basic) | $2.38 | $4.46 | $5.92 | $3.58 | $3.51 | $1.84 | $2.53 | $1.86 |
| EPS (Diluted) | $2.36 | $4.38 | $5.83 | $3.55 | $3.44 | $1.81 | $2.48 | $1.82 |
| Shares Outstanding (Basic) | 18.4M | 18.8M | 18.5M | 18.5M | 18.5M | 18.3M | 18.1M | 17.9M |
| Shares Outstanding (Diluted) | 18.6M | 19.1M | 18.8M | 18.7M | 18.8M | 18.6M | 18.5M | 18.3M |
| Dividends Per Share | $1.20 | $1.14 | $1.08 | $1.02 | $0.94 | $0.89 | $0.88 | $0.42 |