Tennant Company's Board of Directors authorized a new share repurchase program for up to 2,000,000 shares of the company’s common stock, effective February 11, 2025. This authorization is in addition to approximately 580,000 shares remaining under the existing repurchase program.
The company currently has approximately 18,800,000 shares outstanding. Share repurchases under these programs may be executed through open-market and privately negotiated transactions, with timing dependent on market conditions and corporate considerations.
This initiative demonstrates the Board's confidence in Tennant's strategic direction and its commitment to disciplined capital allocation. The program aims to enhance shareholder returns while continuing to fund growth opportunities within the business.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.