Tennant Full Year 2022 Earnings: EPS Beats Expectations
Tennant (NYSE:TNC) Full Year 2022 Results
Key Financial Results
Revenue: US$1.09b (flat on FY 2021).
Net income: US$66.3m (up 2.2% from FY 2021).
Profit margin: 6.1% (up from 5.9% in FY 2021).
EPS: US$3.59 (up from US$3.51 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tennant EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 4.5% from a week ago.
It is worth noting though that we have found 1 warning sign for Tennant that you need to take into consideration.
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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.
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