Tennant Company presented its investor presentation for May 2017. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance, growth strategies, and strategic priorities. A key part of Tennant's growth strategy is its focus on emerging technologies, new product development, and strategic acquisitions.
This document provides an overview of Tennant Company's earnings release conference call for the first quarter of 2017. Some key points:
- Net sales for Q1 2017 were a record $191.1 million, up 6.2% from the previous year. Adjusted net earnings were $0.31 per share, up 24% from 2016.
- Organic sales growth was approximately 5%. The Americas saw 4.2% growth while EMEA grew 14.3%.
- Tennant acquired IPC Group for $353 million to expand its product portfolio and global presence, particularly in EMEA.
- A $8 million restructuring charge was taken to support strategic growth initiatives and reduce costs to reach
Tennant Company reported its second quarter 2017 earnings. Sales increased 24.9% year-over-year to $270.8 million due to the acquisition of IPC Group. Organic sales declined 2.3%. Gross margin and operating profit margin declined due to restructuring charges and manufacturing automation investments. Tennant reaffirmed sales guidance but lowered earnings guidance. It remains focused on revenue growth, profitability improvement, and achieving its $1 billion sales and 12% operating margin goals.
Tennant Company presented an investor presentation in August 2017. The presentation provided an overview of Tennant, including its vision, competitive landscape, product portfolio, customers, growth strategy, and financial results. Tennant aims to lead the cleaning industry in sustainable innovation to empower customers. It has a diverse set of products and customers globally. Tennant's growth strategy focuses on new markets and technologies, improving operations efficiency, and talent management. The acquisition of IPC Group expanded Tennant's product portfolio and global presence.
Tennant Company presented its investor presentation for March 2017. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It summarized Tennant's financial performance, growth strategies, and new product developments. These included a focus on emerging markets, e-commerce expansion, strategic acquisitions, and developing future technologies like battery, robotics, and asset management solutions.
- Tennant Company reported fourth quarter 2016 consolidated net sales of $211.7 million, up 2.9% from the fourth quarter of 2015. Organic sales grew 3.2% in the quarter.
- Net earnings for the quarter were $0.85 per diluted share, up 9% from the fourth quarter of 2015.
- For full year 2016, Tennant reported sales of $808.6 million. Operating profit margin was 8.5% and diluted EPS was $2.59 per share, up from 2015.
- Tennant also announced plans to acquire IPC Group, a manufacturer of cleaning equipment based in Italy, for $350 million. The acquisition is expected to expand Tennant
Tennant Company presented financial results for the third quarter and first nine months of 2017. Key points:
- Third quarter sales increased 30.9% to $261.9 million and adjusted EBITDA increased 35.2% to $28 million.
- Year-to-date sales increased 21.3% to $723.8 million and adjusted EBITDA increased 19.5% to $70.7 million.
- Tennant completed its largest acquisition, buying IPC Group for $353 million, expanding its product portfolio and global footprint.
- Guidance for 2017 forecasts sales of $960-990 million and adjusted EPS of $2.20-2.40, including impacts of I
Tennant Company reported financial results for the second quarter of 2017. Sales increased 24.9% year-over-year to $270.8 million due to the acquisition of IPC Group. Organic sales declined 2.3% with growth of 3.1% in APAC. Gross margin, operating profit, and EPS declined due to inventory step-up costs and acquisition-related expenses from IPC. For the first half of 2017, adjusted EBITDA increased 11% to $42.8 million. Tennant expects full-year 2017 sales between $960-$990 million, EPS between $0.85-$1.05, and organic sales growth of 1-3%.
Tennant Company presented at the Needham Conference in January 2017. The presentation provided an overview of Tennant Company, which is a global leader in designing cleaning solutions. It summarized Tennant's vision, competitive position in the $5 billion global cleaning equipment market, broad product portfolio and customer base, growth strategy to reach $1 billion in sales, strategic priorities around digital technologies, and financial performance with goals for continued sales and profit margin growth. The presentation contained forward-looking statements and cautioned that actual results could differ from expectations.
This document provides an overview of Tennant Company's earnings release conference call for the first quarter of 2017. Some key points:
- Net sales for Q1 2017 were a record $191.1 million, up 6.2% from the previous year. Adjusted net earnings were $0.31 per share, up 24% from 2016.
- Organic sales growth was approximately 5%. The Americas saw 4.2% growth while EMEA grew 14.3%.
- Tennant acquired IPC Group for $353 million to expand its product portfolio and global presence, particularly in EMEA.
- A $8 million restructuring charge was taken to support strategic growth initiatives and reduce costs to reach
Tennant Company reported its second quarter 2017 earnings. Sales increased 24.9% year-over-year to $270.8 million due to the acquisition of IPC Group. Organic sales declined 2.3%. Gross margin and operating profit margin declined due to restructuring charges and manufacturing automation investments. Tennant reaffirmed sales guidance but lowered earnings guidance. It remains focused on revenue growth, profitability improvement, and achieving its $1 billion sales and 12% operating margin goals.
Tennant Company presented an investor presentation in August 2017. The presentation provided an overview of Tennant, including its vision, competitive landscape, product portfolio, customers, growth strategy, and financial results. Tennant aims to lead the cleaning industry in sustainable innovation to empower customers. It has a diverse set of products and customers globally. Tennant's growth strategy focuses on new markets and technologies, improving operations efficiency, and talent management. The acquisition of IPC Group expanded Tennant's product portfolio and global presence.
Tennant Company presented its investor presentation for March 2017. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It summarized Tennant's financial performance, growth strategies, and new product developments. These included a focus on emerging markets, e-commerce expansion, strategic acquisitions, and developing future technologies like battery, robotics, and asset management solutions.
- Tennant Company reported fourth quarter 2016 consolidated net sales of $211.7 million, up 2.9% from the fourth quarter of 2015. Organic sales grew 3.2% in the quarter.
- Net earnings for the quarter were $0.85 per diluted share, up 9% from the fourth quarter of 2015.
- For full year 2016, Tennant reported sales of $808.6 million. Operating profit margin was 8.5% and diluted EPS was $2.59 per share, up from 2015.
- Tennant also announced plans to acquire IPC Group, a manufacturer of cleaning equipment based in Italy, for $350 million. The acquisition is expected to expand Tennant
Tennant Company presented financial results for the third quarter and first nine months of 2017. Key points:
- Third quarter sales increased 30.9% to $261.9 million and adjusted EBITDA increased 35.2% to $28 million.
- Year-to-date sales increased 21.3% to $723.8 million and adjusted EBITDA increased 19.5% to $70.7 million.
- Tennant completed its largest acquisition, buying IPC Group for $353 million, expanding its product portfolio and global footprint.
- Guidance for 2017 forecasts sales of $960-990 million and adjusted EPS of $2.20-2.40, including impacts of I
Tennant Company reported financial results for the second quarter of 2017. Sales increased 24.9% year-over-year to $270.8 million due to the acquisition of IPC Group. Organic sales declined 2.3% with growth of 3.1% in APAC. Gross margin, operating profit, and EPS declined due to inventory step-up costs and acquisition-related expenses from IPC. For the first half of 2017, adjusted EBITDA increased 11% to $42.8 million. Tennant expects full-year 2017 sales between $960-$990 million, EPS between $0.85-$1.05, and organic sales growth of 1-3%.
Tennant Company presented at the Needham Conference in January 2017. The presentation provided an overview of Tennant Company, which is a global leader in designing cleaning solutions. It summarized Tennant's vision, competitive position in the $5 billion global cleaning equipment market, broad product portfolio and customer base, growth strategy to reach $1 billion in sales, strategic priorities around digital technologies, and financial performance with goals for continued sales and profit margin growth. The presentation contained forward-looking statements and cautioned that actual results could differ from expectations.
Tennant Company presented its investor presentation for November 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance in 2015, with $812 million in revenue. It also outlined Tennant's growth strategies, which include expanding into new markets and verticals, delivering a strong product pipeline, and improving margins. Tennant believes these strategies can help it achieve its goal of $1 billion in revenue while maintaining an operating profit margin above 12%.
Tennant Company provides a presentation on its business and financials. It summarizes Tennant's vision to lead cleaning innovation, its competitive position in the cleaning equipment market, and its broad portfolio of commercial and industrial products. It then discusses Tennant's direct sales and service organizations globally and its broad range of customers. The presentation provides an overview of Tennant's 2016 financial results and growth strategy. It also summarizes recent acquisitions and Tennant's 2017 third quarter financial performance with organic sales growth. The presentation concludes with information on Tennant's debt levels and 2017 full year guidance.
Tennant Company held an earnings call to discuss its third quarter 2016 results. It reported net sales of $200.1 million, down slightly organically due to sluggish conditions in EMEA and APAC. However, the Americas saw record quarterly revenue. Earnings per share were $0.64. Tennant also discussed two recent acquisitions and its pipeline of new product launches. Looking ahead, Tennant expects a return to organic sales growth in the fourth quarter and remains committed to achieving at least a 12% operating profit margin through revenue growth and cost controls.
Tennant Company provides a presentation on its business and financials. It summarizes Tennant's vision to lead in sustainable cleaning innovation. It reviews Tennant's competitive position in the global cleaning equipment market and its broad portfolio of products. It also discusses Tennant's direct sales and service organizations, customer base, growth strategy including recent acquisitions, and financial results for 2017 including sales, EBITDA, debt, and full year guidance.
Tennant Company reported second quarter 2016 earnings. Key highlights include:
- Consolidated net sales of $216.8 million, up 2.4% organically.
- Record second quarter sales in the Americas and strong organic growth in EMEA.
- Net earnings of $0.89 per diluted share on a constant currency basis, up 12.7% versus prior year.
- The company narrowed full-year sales guidance and raised earnings guidance.
Tennant Company presented its strategy and financial outlook. They aim to reach $1 billion in sales organically through new product development, e-commerce expansion, and strategic acquisitions. Recent investments in their product portfolio, technologies like robotics and battery innovations, and CRM systems are expected to drive continued growth. For 2016, Tennant forecasts sales of $805-815 million and adjusted EPS of $2.40-2.60, with challenges from foreign exchange rates and a slow global economy.
This document provides a summary of Ingersoll Rand's first quarter 2017 results. Some key points:
- Revenue increased 4% year-over-year on an organic basis to $3 billion. Adjusted EPS increased 14% to $0.57.
- Commercial and residential HVAC businesses saw strong revenue and bookings growth in the high-single digits. Industrial business bookings were up 9%.
- Adjusted operating margins improved in both the climate and industrial segments.
- Guidance for full-year 2017 revenue growth remains at 2-3% organic and adjusted EPS is increased to a range of $4.35 to $4.50.
The document provides details from Tennant Company's third quarter 2017 earnings release conference call. It includes:
1) An overview of Tennant Company's third quarter 2017 financial results, with sales up 30.9% year-over-year but gross margins and operating profit margins down. Earnings per share also declined.
2) Comments from management on challenges in the quarter from timing of strategic accounts, restructuring charges, and manufacturing automation initiatives. However, they note growth in the Industrial/Professional Cleaning segment and EMEA region.
3) Tennant's outlook, which expects continued focus on operational efficiencies, synergies from acquisitions, and maintaining a strong new product pipeline to improve margins
This document contains forward-looking statements and non-GAAP financial measures related to a TD Securities Forest Products Forum presentation. It outlines that all forward-looking statements are based on currently available information and are subject to certain risks and uncertainties. It also states that non-GAAP measures are used by management to evaluate performance and are indicated with footnotes, with reconciliation tables available. The document also contains regulation language regarding the use of non-GAAP measures.
Ingersoll Rand is a $13 billion global company that operates in two business segments: Climate and Industrial. It advances quality of life by creating comfortable, sustainable, and efficient environments through its portfolio of brands such as Club Car, Ingersoll Rand, Thermo King, and Trane. The company works to enhance air quality and comfort in homes and buildings, transport and protect food and perishables, and increase industrial productivity and efficiency. It is committed to sustainable progress and enduring results.
- The document discusses Greif's Q3 2016 earnings conference call. It provides an overview of Greif's financial performance in Q3 2016 including net sales, operating profit, net income, and free cash flow.
- Greif's strategic priorities are building engaged teams, customer service excellence, and achieving transformational performance. In Q3 2016, Greif saw improvements in customer satisfaction scores.
- Rigid Industrial Packaging & Services saw revenue growth excluding divestitures. Gross profit margin increased significantly driven by price/mix management and production efficiencies.
- Paper Packaging & Services increased volumes to offset lower prices while specialty sales expanded 10%. Flexible Products & Services showed a 15% improvement in gross
- WestRock reported Q2 FY17 results with adjusted EPS of $0.54 and adjusted free cash flow of $109 million.
- Segment sales were $3.656 billion. Productivity initiatives contributed $103 million in cost savings.
- Corrugated packaging sales were $2.065 billion. North America EBITDA margin was 15.9%.
- Consumer packaging sales were $1.555 billion. Adjusted segment EBITDA margin increased 100 bps to 15.1%.
- Land and development segment income was $18 million, excluding a $43 million impairment charge. The monetization program is on track to generate $150-175 million in after-tax cash flow for
Fourth-Quarter 2017 Results
- The company discussed its Q4 2017 financial results and provided guidance for full year 2018. Key highlights included 5% organic revenue growth in Q4, adjusted EPS of $1.02, and free cash flow of $1.3 billion. Guidance for 2018 forecasts 3-3.5% organic revenue growth and adjusted EPS of $5.00-$5.20. The company also discussed its execution of strategies in China, drivers of expected margin improvement in 2018, and recent acquisitions.
Tennant Company reported earnings for the second quarter of 2015. Key points include:
- Consolidated net sales were $215.4 million, up nearly 4% organically over the prior year.
- Earnings were $0.79 per diluted share.
- Growth was led by strong strategic account sales in North America and new products.
- The company reaffirmed its 2015 EPS guidance of $2.40 to $2.70 per share.
Oshkosh Corporation reported its financial results for the second quarter of fiscal year 2017. Net sales increased 6.2% to $1.618 billion compared to the same period last year, and adjusted earnings per share were $0.76, equal to the prior year. The defense segment performed well due to the JLTV program ramp up and international sales. The access equipment and commercial segments faced challenges with lower sales volumes impacting operating income. For fiscal year 2017, the company increased its adjusted EPS outlook to a range of $3.20 to $3.50.
The document reports on the company's financial results for the first quarter of 2015, highlighting an 11% increase in consolidated gross revenues and a 31% rise in consolidated EBITDA. Retail sales increased by 18% at Drogasmil and 8% at Tamoio, while specialties sales grew by 14% and pharmaceutical distribution sales rose by 7%. The company continued integrating recent acquisitions and expanding its market presence across multiple business segments.
- The document provides financial information for Greif's Q1 2016 earnings conference call, including earnings results, segment performance, and updated guidance for fiscal year 2016.
- Key highlights include Q1 2016 Class A EPS improving 33% year-over-year to $0.40, operating margins expanding, and gross profit margins improving across several segments.
- Guidance for fiscal year 2016 Class A EPS was increased to a range of $2.10 to $2.40, reflecting benefits from transformation efforts despite a sluggish global economy.
- The document provides financial information for Greif's Q1 2016 earnings conference call, including earnings results, segment performance, and updated guidance for fiscal year 2016.
- Key highlights include Q1 2016 EPS improving 33% year-over-year, expanded gross profit margins, and increased guidance for the fiscal year 2016 EPS midpoint.
- Segment results showed improvements in operating profit for most segments, with continued progress noted in the turnaround of the Flexible Products & Services segment.
- The company reported higher earnings per share and improved free cash flow for Q1 2016 compared to Q1 2015. Earnings per share before special items was $0.40, up from $0.30, and free cash flow improved to $(56) million from $(99) million.
- Gross profit margins expanded across most business segments due to operational and cost improvements. However, net sales declined due to divestitures, currency impacts, and weakness in some markets.
- The company updated guidance for fiscal year 2016, increasing the midpoint of expected Class A earnings per share to $2.10-$2.40, reflecting benefits from transformation efforts despite a sluggish global economy.
- TE Connectivity reported record Q2 2017 performance with 8% organic sales growth and adjusted EPS of $1.19, up 32% year-over-year.
- Transportation Solutions saw 9% organic growth driven by strength in automotive. Industrial Solutions grew 3% organically led by factory automation. Communications Solutions grew 9% organically across all businesses.
- TE Connectivity is raising FY17 guidance, expecting 6% organic sales growth and adjusted EPS of $4.58-$4.66, up 17% year-over-year at the midpoint.
Tennant Company presented its investment strategy and financial outlook. The presentation discussed Tennant's goal of reaching $1 billion in sales organically through strategies like expanding into new markets and verticals, delivering new product innovations, improving their go-to-market approach, and growing in emerging markets. Tennant also expects challenges from foreign currency volatility and a slowing global economy. However, the company believes its portfolio of products and technologies and go-to-market strategy have positioned it well for future growth to achieve its financial targets.
Tennant Company presented its investor presentation for March 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance in 2015, including $812 million in revenue and adjusted earnings per share of $2.49. Tennant also outlined its growth strategies such as expanding in emerging markets, strengthening its product portfolio with new technologies, and increasing sales and service coverage globally. Tennant reaffirmed its goals of achieving $1 billion in annual sales and maintaining an operating profit margin of 12% or above.
Tennant Company presented its investor presentation for November 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance in 2015, with $812 million in revenue. It also outlined Tennant's growth strategies, which include expanding into new markets and verticals, delivering a strong product pipeline, and improving margins. Tennant believes these strategies can help it achieve its goal of $1 billion in revenue while maintaining an operating profit margin above 12%.
Tennant Company provides a presentation on its business and financials. It summarizes Tennant's vision to lead cleaning innovation, its competitive position in the cleaning equipment market, and its broad portfolio of commercial and industrial products. It then discusses Tennant's direct sales and service organizations globally and its broad range of customers. The presentation provides an overview of Tennant's 2016 financial results and growth strategy. It also summarizes recent acquisitions and Tennant's 2017 third quarter financial performance with organic sales growth. The presentation concludes with information on Tennant's debt levels and 2017 full year guidance.
Tennant Company held an earnings call to discuss its third quarter 2016 results. It reported net sales of $200.1 million, down slightly organically due to sluggish conditions in EMEA and APAC. However, the Americas saw record quarterly revenue. Earnings per share were $0.64. Tennant also discussed two recent acquisitions and its pipeline of new product launches. Looking ahead, Tennant expects a return to organic sales growth in the fourth quarter and remains committed to achieving at least a 12% operating profit margin through revenue growth and cost controls.
Tennant Company provides a presentation on its business and financials. It summarizes Tennant's vision to lead in sustainable cleaning innovation. It reviews Tennant's competitive position in the global cleaning equipment market and its broad portfolio of products. It also discusses Tennant's direct sales and service organizations, customer base, growth strategy including recent acquisitions, and financial results for 2017 including sales, EBITDA, debt, and full year guidance.
Tennant Company reported second quarter 2016 earnings. Key highlights include:
- Consolidated net sales of $216.8 million, up 2.4% organically.
- Record second quarter sales in the Americas and strong organic growth in EMEA.
- Net earnings of $0.89 per diluted share on a constant currency basis, up 12.7% versus prior year.
- The company narrowed full-year sales guidance and raised earnings guidance.
Tennant Company presented its strategy and financial outlook. They aim to reach $1 billion in sales organically through new product development, e-commerce expansion, and strategic acquisitions. Recent investments in their product portfolio, technologies like robotics and battery innovations, and CRM systems are expected to drive continued growth. For 2016, Tennant forecasts sales of $805-815 million and adjusted EPS of $2.40-2.60, with challenges from foreign exchange rates and a slow global economy.
This document provides a summary of Ingersoll Rand's first quarter 2017 results. Some key points:
- Revenue increased 4% year-over-year on an organic basis to $3 billion. Adjusted EPS increased 14% to $0.57.
- Commercial and residential HVAC businesses saw strong revenue and bookings growth in the high-single digits. Industrial business bookings were up 9%.
- Adjusted operating margins improved in both the climate and industrial segments.
- Guidance for full-year 2017 revenue growth remains at 2-3% organic and adjusted EPS is increased to a range of $4.35 to $4.50.
The document provides details from Tennant Company's third quarter 2017 earnings release conference call. It includes:
1) An overview of Tennant Company's third quarter 2017 financial results, with sales up 30.9% year-over-year but gross margins and operating profit margins down. Earnings per share also declined.
2) Comments from management on challenges in the quarter from timing of strategic accounts, restructuring charges, and manufacturing automation initiatives. However, they note growth in the Industrial/Professional Cleaning segment and EMEA region.
3) Tennant's outlook, which expects continued focus on operational efficiencies, synergies from acquisitions, and maintaining a strong new product pipeline to improve margins
This document contains forward-looking statements and non-GAAP financial measures related to a TD Securities Forest Products Forum presentation. It outlines that all forward-looking statements are based on currently available information and are subject to certain risks and uncertainties. It also states that non-GAAP measures are used by management to evaluate performance and are indicated with footnotes, with reconciliation tables available. The document also contains regulation language regarding the use of non-GAAP measures.
Ingersoll Rand is a $13 billion global company that operates in two business segments: Climate and Industrial. It advances quality of life by creating comfortable, sustainable, and efficient environments through its portfolio of brands such as Club Car, Ingersoll Rand, Thermo King, and Trane. The company works to enhance air quality and comfort in homes and buildings, transport and protect food and perishables, and increase industrial productivity and efficiency. It is committed to sustainable progress and enduring results.
- The document discusses Greif's Q3 2016 earnings conference call. It provides an overview of Greif's financial performance in Q3 2016 including net sales, operating profit, net income, and free cash flow.
- Greif's strategic priorities are building engaged teams, customer service excellence, and achieving transformational performance. In Q3 2016, Greif saw improvements in customer satisfaction scores.
- Rigid Industrial Packaging & Services saw revenue growth excluding divestitures. Gross profit margin increased significantly driven by price/mix management and production efficiencies.
- Paper Packaging & Services increased volumes to offset lower prices while specialty sales expanded 10%. Flexible Products & Services showed a 15% improvement in gross
- WestRock reported Q2 FY17 results with adjusted EPS of $0.54 and adjusted free cash flow of $109 million.
- Segment sales were $3.656 billion. Productivity initiatives contributed $103 million in cost savings.
- Corrugated packaging sales were $2.065 billion. North America EBITDA margin was 15.9%.
- Consumer packaging sales were $1.555 billion. Adjusted segment EBITDA margin increased 100 bps to 15.1%.
- Land and development segment income was $18 million, excluding a $43 million impairment charge. The monetization program is on track to generate $150-175 million in after-tax cash flow for
Fourth-Quarter 2017 Results
- The company discussed its Q4 2017 financial results and provided guidance for full year 2018. Key highlights included 5% organic revenue growth in Q4, adjusted EPS of $1.02, and free cash flow of $1.3 billion. Guidance for 2018 forecasts 3-3.5% organic revenue growth and adjusted EPS of $5.00-$5.20. The company also discussed its execution of strategies in China, drivers of expected margin improvement in 2018, and recent acquisitions.
Tennant Company reported earnings for the second quarter of 2015. Key points include:
- Consolidated net sales were $215.4 million, up nearly 4% organically over the prior year.
- Earnings were $0.79 per diluted share.
- Growth was led by strong strategic account sales in North America and new products.
- The company reaffirmed its 2015 EPS guidance of $2.40 to $2.70 per share.
Oshkosh Corporation reported its financial results for the second quarter of fiscal year 2017. Net sales increased 6.2% to $1.618 billion compared to the same period last year, and adjusted earnings per share were $0.76, equal to the prior year. The defense segment performed well due to the JLTV program ramp up and international sales. The access equipment and commercial segments faced challenges with lower sales volumes impacting operating income. For fiscal year 2017, the company increased its adjusted EPS outlook to a range of $3.20 to $3.50.
The document reports on the company's financial results for the first quarter of 2015, highlighting an 11% increase in consolidated gross revenues and a 31% rise in consolidated EBITDA. Retail sales increased by 18% at Drogasmil and 8% at Tamoio, while specialties sales grew by 14% and pharmaceutical distribution sales rose by 7%. The company continued integrating recent acquisitions and expanding its market presence across multiple business segments.
- The document provides financial information for Greif's Q1 2016 earnings conference call, including earnings results, segment performance, and updated guidance for fiscal year 2016.
- Key highlights include Q1 2016 Class A EPS improving 33% year-over-year to $0.40, operating margins expanding, and gross profit margins improving across several segments.
- Guidance for fiscal year 2016 Class A EPS was increased to a range of $2.10 to $2.40, reflecting benefits from transformation efforts despite a sluggish global economy.
- The document provides financial information for Greif's Q1 2016 earnings conference call, including earnings results, segment performance, and updated guidance for fiscal year 2016.
- Key highlights include Q1 2016 EPS improving 33% year-over-year, expanded gross profit margins, and increased guidance for the fiscal year 2016 EPS midpoint.
- Segment results showed improvements in operating profit for most segments, with continued progress noted in the turnaround of the Flexible Products & Services segment.
- The company reported higher earnings per share and improved free cash flow for Q1 2016 compared to Q1 2015. Earnings per share before special items was $0.40, up from $0.30, and free cash flow improved to $(56) million from $(99) million.
- Gross profit margins expanded across most business segments due to operational and cost improvements. However, net sales declined due to divestitures, currency impacts, and weakness in some markets.
- The company updated guidance for fiscal year 2016, increasing the midpoint of expected Class A earnings per share to $2.10-$2.40, reflecting benefits from transformation efforts despite a sluggish global economy.
- TE Connectivity reported record Q2 2017 performance with 8% organic sales growth and adjusted EPS of $1.19, up 32% year-over-year.
- Transportation Solutions saw 9% organic growth driven by strength in automotive. Industrial Solutions grew 3% organically led by factory automation. Communications Solutions grew 9% organically across all businesses.
- TE Connectivity is raising FY17 guidance, expecting 6% organic sales growth and adjusted EPS of $4.58-$4.66, up 17% year-over-year at the midpoint.
Tennant Company presented its investment strategy and financial outlook. The presentation discussed Tennant's goal of reaching $1 billion in sales organically through strategies like expanding into new markets and verticals, delivering new product innovations, improving their go-to-market approach, and growing in emerging markets. Tennant also expects challenges from foreign currency volatility and a slowing global economy. However, the company believes its portfolio of products and technologies and go-to-market strategy have positioned it well for future growth to achieve its financial targets.
Tennant Company presented its investor presentation for March 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance in 2015, including $812 million in revenue and adjusted earnings per share of $2.49. Tennant also outlined its growth strategies such as expanding in emerging markets, strengthening its product portfolio with new technologies, and increasing sales and service coverage globally. Tennant reaffirmed its goals of achieving $1 billion in annual sales and maintaining an operating profit margin of 12% or above.
Tennant Company provides an investor presentation summarizing its business and growth strategy. The company aims to reach $1 billion in sales through organic growth initiatives like new product development and expanding into new markets. Tennant has a diverse portfolio of cleaning equipment and technologies and sees opportunities in areas like emerging markets, e-commerce, and acquisitions. It is focused on operational efficiency and talent retention to support its vision of leading the cleaning industry through sustainable innovation.
Tennant Company presented financial results for the third quarter and first nine months of 2017. Key points include:
- Q3 2017 sales increased 30.9% to $261.9 million due to acquisition of IPC Group. Organic sales grew 1.3%. EBITDA increased 35.2% to $28 million.
- YTD 2017 sales grew 21.3% to $723.8 million. Organic sales grew 1.1%. Adjusted EBITDA increased 19.5% to $70.7 million.
- Full year 2017 guidance revised adjusted EPS to $1.50-$1.70 and GAAP EPS to $1.40-$1.70 due
Tennant Co. provides a presentation for investors outlining its business strategy and financial outlook. The company aims to reach $1 billion in sales organically while maintaining an operating profit margin above 12%. Tennant has the strongest product pipeline in its history and is focusing on new product development, expanding in emerging markets, and increasing its sales and service coverage globally. For 2016, Tennant expects sales between $800-820 million and EPS between $2.35-$2.60, with challenges from foreign currency exchange rates and a slowing economy.
The document is an investor presentation for Tennant Company that provides an overview of the company. Some key points:
- Tennant Company is a global leader in designing and manufacturing cleaning solutions. In 2017 it had over $1 billion in revenue.
- The company has a broad portfolio of cleaning equipment, technologies, and services. It aims to be a leader in sustainable cleaning innovation.
- Tennant has a global footprint with operations worldwide and over 4,300 employees. Its largest markets are contract cleaners, manufacturing, education and healthcare.
The document is an investor presentation by Tennant Company providing an overview of the company for the first quarter of 2018. The summary is:
Tennant Company is a leading global manufacturer of cleaning solutions. In Q1 2018, Tennant saw sales increase 42.8% and adjusted EBITDA increase 94.3% compared to Q1 2017. Tennant aims to drive growth through diversifying revenue streams, maintaining technology leadership, and integrating recent acquisitions like IPC. The presentation provides financial highlights and Tennant's strategy to continue creating value for shareholders.
Tennant Company presented at the Gabelli Conference in March 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It summarized Tennant's competitive position in the industry, broad portfolio of products, strong sales and service organizations globally, and diverse customer base. Tennant reiterated its strategic priorities of CRM and marketing automation, e-commerce, new product development, emerging markets, and future technologies. The presentation concluded with Tennant's financial summary, sales growth history, and 2016 financial outlook with anticipated sales between $795-825 million and EPS between $2.25-2.55.
The presentation outlines Tennant Company's strategy to achieve $1 billion in revenue by 2017 through organic growth. It plans to reach this goal by focusing on new customers and markets, continuing to deliver innovative products, and maintaining financial discipline. Tennant provides cleaning solutions globally and aims to lead the industry in sustainable cleaning innovation.
- The presentation discusses Tennant Company's strategy to achieve $1 billion in revenue by 2017 through organic growth. This will be done by reaching new customers and markets, continuing to deliver innovative products, and maintaining financial discipline.
- Tennant aims to expand globally into key verticals like industrial, education, and healthcare. New channels like e-commerce will also help reach more customers. Tennant's strong product pipeline and technologies like ec-H2O and Orbio will support growth.
- Tennant recognizes the need to continue cost controls and processes that support growth while achieving their 12%+ operating profit margin goal. Maintaining financial strength from improved profitability and cash generation will be important to Tennant's future
- The presentation discusses Tennant Company's plans to achieve $1 billion in revenue by 2017 through organic growth. It aims to reach this goal by focusing on new customers and markets, continuing product innovation, and maintaining financial discipline.
- In Q3 2015, Tennant reported sales growth of 1.1% and adjusted operating profit growth of 2.6% compared to Q3 2014. On a constant currency basis, sales grew 7.6% and adjusted operating profit grew 27.1% over Q3 2014.
- Tennant has delivered strong organic sales growth in recent years and improved profitability margins and cash generation between 2009-2014 by standardizing global processes and maintaining financial framework.
- Tennant Company is a global leader in designing, manufacturing and marketing cleaning solutions.
- In 2017, Tennant Company reported revenues of $1.003 billion, adjusted EBITDA of $101.6 million, and adjusted earnings per share of $1.54.
- Tennant Company's growth strategy focuses on diversifying revenue streams, building technology leadership, optimizing costs, strengthening its financial position, and successfully integrating its acquisition of IPC Group.
- Tennant Company is a global leader in designing, manufacturing and marketing cleaning solutions.
- In 2017, Tennant Company reported revenues of $1.003 billion, adjusted EBITDA of $101.6 million, and adjusted earnings per share of $1.54.
- The company's growth strategy focuses on diversifying revenue streams, maintaining technology leadership, optimizing costs, strengthening its financial position, and successfully integrating recent acquisitions.
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2. Safe Harbor
Statement
2
This presentation contains certain statements that are considered “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally can be identified by the use of forward-looking
terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,”
“project,” or “continue” or similar words or the negative thereof. These statements do not
relate to strictly historical or current facts and provide current expectations of forecasts of
future events. Any such expectations or forecasts of future events are subject to a variety of
factors. We caution that forward-looking statements must be considered carefully and that
actual results may differ in material ways due to risks and uncertainties both known and
unknown. Information about factors that could materially affect our results can be found in
Part I, Item 1A, Risk Factors in our Annual Report on Form 10-K for the year ended
December 31, 2016. Shareholders and potential investors are urged to consider these factors
in evaluating forward-looking statements and are cautioned not to place undue reliance on
such forward-looking statements.
We undertake no obligation to update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise. Investors are advised to consult any
further disclosures by us in our filings with the Securities and Exchange Commission and in
other written statements on related subjects. It is not possible to anticipate or foresee all risk
factors, and investors should not consider any list of such factors to be an exhaustive or
complete list of all risks or uncertainties.
3. About
Tennant Company
Tennant Company, a Minnesota
corporation founded in 1870 and
incorporated in 1909, is a world leader
in designing, manufacturing and
marketing solutions that empower
customers to achieve quality cleaning
performance, significantly reduce
environmental impact and help create
a cleaner, safer, healthier world.
72consecutive years
of cash dividends
45consecutive years of
increase in annual
cash dividend payout
Balance sheet
NYSE Symbol:
TNC
2016 Revenues:
$809M
3
2016 Employees:
3,236
4. OUR VISION
We will lead our global industry in
sustainable cleaning innovation that
empowers our customers to create a
cleaner, safer and healthier world.
4
5. Competitive Landscape
2015 $5B Global Cleaning Equipment Market*
18%Tennant | Nobles |
Alfa | Orbio
Nilfisk | Advance |
Clarke | Viper
Hako | Minuteman |
PowerBoss
Karcher | Windsor |
TecServ | ProChem
Taski
of the market
consists of
others with a
market share
of 3% or less.
17%
11%
9% 3%
42%
* Estimated market size in
“constant currency” U.S. dollars
for Tennant-like equipment
categories and aftermarket.
5
7. STRONG DIRECT SALES
& SERVICE ORGANIZATIONS
Strong Direct Sales & Service Organizations
Global Sales Employees Global Direct Service EmployeesGlobal Revenue by Sales Channel
25%
75%
Distribution
Direct
Distribution Partners
More than 80 countries
around the world
Global Strategic Accounts
Cross-functional teams &
market specialists
Factory-Service Direct
Locally based & factory-trained
service technicians
7
0
100
200
300
400
500
600
700
800
900
2012 2013 2014 2015 2016
Americas EMEA APAC
0
100
200
300
400
500
600
2012 2013 2014 2015 2016
Americas EMEA APAC
9. 9
2016 Revenue of $809M
75%
16%
9%Americas
EMEA
APAC
Net Sales by
Geography
21%
14%
61%
4%
Service
& Other
Equipment*
Coatings
Net Sales by
Product Group
Parts &
Consumables
*Equipment Mix
Commercial | 52%
Industrial | 46%
Outdoor | 2%
9
10. We remain committed to organic
Sales goal of $1 Billion and 12% or
above Operating Profit Margin
Growth Strategy
10
• Reach new markets and new customers
• Deliver a strong product & technology pipeline
• Build Tennant’s e-Business capabilities
• Be disciplined about improving margins &
controlling expenses
14. Operations Efficiency
Strategy Deployment to Drive Four Key Initiatives
VELOCITY & LEAN
Be the absolute leader for
serving the customer!
SERVICE LEVELS
SUPPLY CHAIN
OPTIMIZATION
QUALITY
FOCUS
14
15. e-Commerce
Cleaning Solutions Made Easy Online
• Empower our customers
• Anticipate their needs
• Enhance their experience
Good Experience Increase Revenue
• New customers
• New geographies
• Expand products
Lower Cost of Sale
• Self-service
• Reduce manual interventions
• Cost avoidance
15
17. Attract & Retain Talent
Tennant Employee Value Proposition
1
2
3
Build a world-class talent acquisition function
Develop leadership & key talent capabilities
Align high-performance culture with
business strategy
Talent Management Focus
A Focus on
Stewardship
Strong
Legacy
Rewarding work
with opportunity
for career growth
4 Reward performance that creates value
Commitment
to Innovation
17
18. Sustainable Enterprise
18
Tennant Corporate
Sustainability Report
DISCLOSURE SCORE 80 53
PERFORMANCE BAND C C
DISCLOSURE SCORE 68 49
PERFORMANCE BAND D C
201320142015
DISCLOSURE SCORE 95 60
PERFORMANCE BAND C D
2016
SCORE B D
Tennant
Company
Industry
Average
Our Focus Areas
20. – Launched new family of T500
commercial walk-behind scrubbers
comprised of 20 new products and
product variants
• Five unique scrubbing heads on four
different models
• Smart-Fill™ automatic battery watering
system
• ec-H2O NanoClean® technology option
20
New Products Launched in 2017 First Quarter
21. IRIS®
Web-based Fleet Management System
21
– Launched enhanced system
• Monitor and manage machines with full
visibility of user’s fleet
• Track machine productivity and
maintenance needs
• Lower cost to clean
• Pro-Panel™ LCD touch screen with on-
demand tutorials
• Zone Settings™ to help deliver
predictable cleaning results
22. ec-H2O NanoClean®
The Responsible Way to Clean
Next generation ec-H2O | Cleans more soils in more applications
HOW IT WORKS:ec-H2O™ SCRUBBERS | 2008 thru 2016
$1.1 billion+
cumulative revenue
8,000+
customers
30,000+
sites
88,000+
machines
22
Sales of $155M in 2016
23. ORBIO® Technologies
On-Site Generation Technology
FOCUS ON “3Cs”
CAMPUS | CHAINS | CONTRACTORS
Improving health and safety for the environment, employees
and people in their care while reducing costs.
GENERATES
cleaner & disinfectant/sanitizer on-site
23
24. Customer Insights
Reinventing the Way the World Cleans
EMOTIONAL
BENEFITS
FUNCTIONAL
BENEFITS
FEATURES &
BENEFITS
PRODUCTS SOLUTIONS
Traditional Approach
Voice of customer & needs
identification to shape new
product development
NEW Thinking
• Acknowledge the reality of our customer’s business
• Deploy new tools for better insights
• Think solutions, not just products
• Objective research from innovation experts
• Challenge status quo – new lens for opportunities
• Embrace a holistic view of our customers
24
27. • Acquired Florock® Brand
• Expanded our commercial floor coatings business
• Combination of Tennant Coatings and Florock opens new markets
and strengthens value proposition
• Acquired Assets of Dofesa Barrido Mecanizado
• Long-time distributor of Tennant equipment in central Mexico
• Acquisition is a key investment for growth in Latin America
• Enhances Tennant’s sales and service capabilities
2016 Third Quarter Acquisitions
27
28. • Closed April 6, 2017
• All-cash transaction $353M or €330M
• IPC Group – privately held designer and manufacturer of innovative
professional cleaning equipment, tools and other solutions, based in Italy
• IPC Group 2016 annual sales of $206M or €186M
• Largest Acquisition in Tennant Company History
• IPC acquisition results in annualized sales of over $1 Billion
• Anticipate acquisition will be accretive to 2018 full year earnings per
share
28
2017 Second Quarter Acquisition of IPC Group
29. IPC Group Overview
Revenue by Geography
Key Facts and Figures
Geographic Coverage
IPC Group produces machines and equipment for the professional cleaning sector
—Cleaning machines: floor sweepers and scrubbers, vacuum cleaners, high- pressure
washers and related aftermarket parts and services
—Cleaning tools and supplies: trolleys, window cleaning tools and consumables
2016A Revenue: €186mm
2016A Adjusted EBITDA: €26mm (~14% margin)
5 manufacturing plants; 11 international branches with sales to over 100 countries
~1,000 Employees
Eagle
Eagan, Minnesota
Industria e Comercio
Pinhais Parana
Cleaning España
Barcelona
ICA
Épône Cedex
Soteco Benelux
Wommelgem
Gansow
Unna
Foma Norge
Langhus
China Trade Corporation
Fo Shan, Guangdong
Western Floor PVT
New Delhi
2016A Revenue Mix
2016A Revenue by Product
2016A Revenue by Type
Sweepers & Scrubbers
42%
Vacuum Cleaners
21%
Cleaning Tools and
Supplies
19%
High Pressure
18%
Machinery
59%Machinery Aftermarket
22%
Tools and Supplies
19%
EMEA
80%
Americas
11%
RoW
9%
29
30. IPC’s Diverse Product Portfolio
30
Product
% of Net Sales
by Equipment
Type Product Description
Overlap with
Existing TNC
Products1
Sweepers
and
Scrubbers
42%
Scrubbers: 15L to 230L (tank size)
Sweepers: 460mm to 1,200mm (brush size)
Multiple Power Systems: Electric cables,
batteries, diesel, petrol and hybrid
Vacuum
Cleaners
21%
Dry Vacuum Cleaners: 750W to 1,400W
Wet & Dry Vacuum Cleaners: 1,300W to
3,600W
Single motor to three motor models
Tools 19%
Small surface, window cleaning and room
cleaning
Continuous need for supply of related
consumables
Pressure
Washers
18%
Range of 2.5HP to 13HP
— Diesel versions up to 900 liters per hour
— Gasoline versions up to 1,260 liters per hour
Ride On Walk Behind
Dry Wet & Dry Industrial
Hot Water Cold Water
Trolleys Equipment
Mops and
Cloths
Scrubber
Sweeper
Scrubber
Sweeper
Hydro-cleaners with
high temperature
water jets and internal
heaters
Hydro-cleaners
with cold
water jets
Carts for
manual tools
Window and mirror
surface cleaning
Surface
and floor
cleaning
¹ Shaded area represents approximate level of overlap with existing Tennant products
31. • Incremental Sales
• Complementary sales channels
• Cross-selling to reach new customers with both brands: Tennant and IPC
• $10M Run-Rate Cost Synergies by 2019
• Sourcing savings with greater volume to fewer vendors
• Improving sales and service capabilities
• Leveraging greater scale to improve operating efficiencies
• $10M Costs Necessary to Achieve Synergies
• $6M in capital expenditures; $4M in redundancy costs
31
IPC Synergy Opportunities
33. 33
2017 First Quarter
Organic Sales Growth 5.0% | Organic Sales up 4.2% in Americas, up 14.3% in EMEA
Q1’17
SALES
GROSS MARGIN
R&D EXPENSE (% of sales)
Adjusted*
S&A EXPENSE (% of sales)
Adjusted*
OPERATING PROFIT
Adjusted*
OPERATING PROFIT MARGIN
Adjusted*
DILUTED EPS
Q1’16 CHANGE
$191.1 M
41.7%
4.4%
33.0%
$8.3 M
4.3%
$0.31
$179.9 M
43.1%
4.4%
34.7%
$7.1 M
3.9%
$0.25
+6.2%
(140 bps)
+0 bps
(170 bps)
+16.7%
+40 bps
+24.0%
* Q1’17 results are adjusted to exclude restructuring charge of $8.0M pre-tax ($0.32 per share) and IPC acquisition costs of $2.9M pre-tax
($0.17 per share) in S&A Expense. Diluted EPS also excludes financing costs related to IPC acquisition of $1.2M pre-tax ($0.04 per share).
34. • To support key strategic growth initiatives and reduce costs to
accelerate our ability to reach our 12% operating profit margin goal
• Approximate 3% net reduction in global workforce
• Restructuring charge of $8M pre-tax, or $0.32 per diluted share
• Savings anticipated to be $7M in 2017 and a total of $10M in 2018
34
First Quarter 2017 Restructuring
36. 2016
SALES
GROSS MARGIN
R&D EXPENSE (% of sales)
Adjusted*
S&A EXPENSE (% of sales)
Adjusted*
OPERATING PROFIT
Adjusted*
OPERATING PROFIT MARGIN
Adjusted*
DILUTED EPS
2015 CHANGE
$808.6 M
43.5%
4.3%
30.7%
$68.5 M
8.5%
$2.59
$811.8 M
43.0%
4.0%
30.6%
$68.1 M
8.4%
$2.49
(0.4%)
+50 bps
+30 bps
+10 bps
+0.6%
+10 bps
+4.0%
* 2015 results are adjusted to exclude restructuring charge in S&A of $3.7M pre-tax ($0.17 per diluted
share) and non-cash long-lived asset impairment of $11.2M pre-tax ($0.58 per diluted share).
2016 Full Year
Organic Sales Growth 1.1% | Organic Sales up 2.4% in Americas, up 0.2% in EMEA
36
37. SALES
GROSS MARGIN
Adjusted*
OPERATING PROFIT
Adjusted*
OPERATING PROFIT MARGIN
Adjusted*
DILUTED EPS
2016 2015 CHANGE
CONSTANT(1)
CURRENCY
2016
AS
REPORTED
(1)“Constant Currency”: estimated income statement which assumes no change in exchange rates from prior year.
* 2015 results are adjusted to exclude restructuring charge in S&A of $3.7M pre-tax ($0.17 per diluted share) and non-cash
long-lived asset impairment of $11.2M pre-tax ($0.58 per diluted share).
$816.4 M
43.5%
$69.9 M
8.6%
$2.63
$811.8 M
43.0%
$68.1 M
8.4%
$2.49
+0.6%
+50 bps
+2.6%
+20 bps
+5.6%
$808.6 M
43.5%
$68.5 M
8.5%
$2.59
2016 Full Year “Constant Currency” View
(excludes estimated foreign exchange impact)
37
2016 Organic Sales Growth of 1.1%: excluding change in exchange rates from prior year and impact from acquisition and divestiture.
38. 1.1% Organic Sales Growth in 2016 Full Year
APACEMEAAmericas
2016 Organic Sales
2.4%
2016 Organic Sales
0.2%
2016 Organic Sales
(10.0%)
38
40. 40
Improved Profitability & Balance Sheet Leverage
Return on Invested Capital Improvement 2009 – 2016*
*On a “Constant Currency” basis, 2016 ROIC would have been 27.9%.
40
AVERAGEINVESTEDCAPITAL
42. • April 5, 2017 – New $600M Senior Secured Credit Facility
• $200M Revolving Credit Facility
• $100M Term Loan A-1
• $300M Term Loan A-2
• April 6, 2017 – Funds drawn under $600M Senior Secured Credit Facility
• $100M Term Loan A-1
• $300M Term Loan A-2
• April 7/18, 2017 – Offered/Closed on $300M Senior Unsecured Notes
• Senior Notes were priced at 5.625%
• Proceeds used to pay off $300M Term Loan A-2
• 4.2% Overall Weighted Average Cost of $400M Debt
• $100M Term Loan A-1
• $300M Senior Notes
• Related Cross-Currency Swap Instrument
42
Recent Financing Activities for IPC Acquisition
43. 43
2017 EPS & Sales Guidance
2016 ACTUAL As Reported $2.59EPS $808.6MSALES
2017 Financial Outlook
As Adjusted and “Constant Currency” $2.50 to $2.70
As Reported $1.05 to $1.25/$960M to $990M
KEY EXPECTATIONS FOR 2017 (includes the impact of the April 2017 IPC Group acquisition)
• Net sales in the range of $960M to $990M versus $808.6M in 2016.
• Stable economy in North America, modest improvement in Europe, and challenging environment in APAC.
• Unfavorable foreign currency impact on sales of approximately 1%.
• Sales increase from acquisitions: 2016 Florock of approximately 0.8%; 2017 IPC range of 18.6% to 20.4%.
• Organic sales growth, excluding foreign currency exchange impact and acquisitions, in the range of 1% to 3%.
• Adjustments of $30.8M pre-tax, or $1.35 per share, non-recurring special items: $8.0M Restructuring Charge,
$7.5M IPC acquisition costs, $8.1M IPC related financing costs, $7.2M IPC acquisition inventory step-up.
• Foreign currency exchange headwinds estimated to negatively impact operating profit by approximately
$2.5M, or approximately $0.10 EPS.
• Gross margin performance in the range of 42% to 43%.
• R&D expense of approximately 4% of sales.
• Effective tax rate of approximately 28%.
• Capital expenditures in the range of $25M to $30M.
44. Summary
44
Anticipate foreign
currency & global
economic volatility
remain challenging
Tennant has never been
positioned better in the
market with its innovative
product and technology
portfolio and go-to-
market strategy
We remain committed to
our goals of $1 Billion in
organic sales & a 12%
or above operating profit
margin
$1B