2023-08-04 09:15:38 ET
- Tennant press release ( NYSE: TNC ): Q2 Non-GAAP EPS of $1.86 beats by $0.70 .
- Revenue of $321.7M (+14.8% Y/Y) beats by $30.03M .
- The increase was primarily due to strong pricing realization and continued volume growth.
- Reduced backlog by $43 million in the quarter to $255 million. Supply-chain improvements drove a sequential increase in production which resulted in a decrease in the Company’s backlog.
- The Company increased its full-year 2023 guidance and now expects net sales to be between $1.2 billion and $1.25 billion and Adjusted EBITDA to be between $175 million and $190 million.
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Tennant Non-GAAP EPS of $1.86 beats by $0.70, revenue of $321.7M beats by $30.03M