TENNANT CO (TNC) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $28.4 million, or $1.49 per share. This compares with $24.3 million, or $1.30 per share, in last year's first quarter.
Excluding items, TENNANT CO reported adjusted earnings of $34.7 million or $1.81 per share for the period.
Analysts on average had expected the company to earn $1.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.7% to $311.0 million from $305.8 million last year.
TENNANT CO earnings at a glance (GAAP) :
-Earnings (Q1): $28.4 Mln. vs. $24.3 Mln. last year.
-EPS (Q1): $1.49 vs. $1.30 last year.
-Revenue (Q1): $311.0 Mln vs. $305.8 Mln last year.
-Guidance:
Full year EPS guidance: $6.05 - $6.65
Full year revenue guidance: $1.27bln - $1.29bln
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