Tennant Company reported consolidated net sales of $315.8 million for the third quarter of 2024, marking a 3.6% increase compared to the same period in 2023. The company's net income for the quarter was $20.8 million, with diluted earnings per share of $1.09.
Adjusted diluted EPS for Q3 2024 was $1.39, while revenue reached $315.8 million. The company reaffirmed its full-year 2024 adjusted EPS guidance in the range of $6.15 to $6.55, indicating confidence in its annual outlook.
In a separate announcement, Tennant's Board of Directors authorized an increase in the quarterly cash dividend to $0.295 per share, representing a 5.4% increase. This increased dividend is payable on December 16, 2024, to shareholders of record as of November 29, 2024.
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