TENNANT CO. $31 (New York symbol TNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 18.8 million; Market cap: $582.8 million; WSSF Rating: Average) makes industrial floor cleaning equipment, including scrubbers, sweepers and polishers. It also makes outdoor cleaning equipment for garages, stadiums, parking lots and city streets. North America accounts for two-thirds of its revenue.
Receives little media attention
Most investors and their brokers have probablynever heard of Tennant. It operates in a narrow field that generates little media coverage compared to, say, computer software. But the company has a long history of steadily rising revenues and profits.
Tennant’s revenues grew from $424.2 million in 2002 to $599.0 million in 2006, or 9.0% compounded annually. Earnings grew at a compound annual rate of 23.3%, from $0.68 a share (total $12.3 million) in 2002 to $1.57 a share ($29.8 million) in 2006.
Part of Tennant’s growth comes from acquisitions, particularly companies that expand its presence in overseas markets. For example, in 2006 Tennant…
Privacy Policy and Terms of Use
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The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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