Tennant Company (NYSE: TNC) is a recognized leader in the
design, manufacture and marketing of solutions that help create a cleaner,
safer and healthier world. Through an unrelenting dedication to sustainability,
the company has created innovative cleaning solutions for more than a century,
developing a strong presence in the massive global janitorial services market.
Tennant’s collection of trusted brands – including Tennant®, Nobles®, Green
Machines®, Alfa and Orbio Technologies – is currently marketed to both building
service contract cleaners and various governmental entities through an
established network of authorized distributors.
In recent months, Tennant has built upon its reputation for
innovation through the continued expansion of its industry-leading product
portfolio. In particular, the company recently introduced its new T300 and
T300e walk-behind floor scrubbers, which, according to customer reviews,
deliver high-performance results while lowering cleaning costs. Tennant’s new
scrubbers are also noteworthy as the first of their kind equipped with ec-H20
NanoClean™, the company’s next-generation cleaning innovation. This
revolutionary technology electrically converts water into a highly-effective
cleaning solution that saves money and reduces environmental impact, as
compared to daily floor cleaning chemicals.
With an established presence in the janitorial services
industry, Tennant is in a favorable strategic position to capitalize on
forecast market growth. According to a report by IBISWorld, demand for
commercial cleaning services is expected to rise in line with declining office
vacancy rates in the years to come, providing a measurable boost to the $51
billion industry. In the second quarter of 2015, the company leveraged this
market performance to record strong financial results. For the period, Tennant
recorded a five percent year-over-year increase in sales throughout the
Americas, which are its largest operating regions.
“Tennant posted another solid quarter, led by robust sales
to strategic accounts in North America and global sales of new products,” Chris
Killingstad, president and chief executive officer of Tennant, stated in a news
release. “Overall, we remain pleased with the company’s progress against our
organic sales growth goals during the 2015 second quarter and first half, as we
strive to reach $1 billion in revenues by 2017.”
Moving forward, Tennant plans to persist toward its
strategic growth goal through the continued development of a strong new product
pipeline aimed at expanding its presence in emerging markets. Look for the
company to leverage the marketability of its proprietary technologies in order
to continue promoting sustainable investor returns for the foreseeable future.
For more information, visit www.tennantco.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
