Cleaning & Restoration Breaking News

Tennant reports second quarter results

MINNEAPOLIS--Tennant Company, a leader in nonresidential floor maintenance and outdoor cleaning equipment, recently reported net earnings of $4.9 million or $.53 per diluted share, before unusual charges, on net sales of $110.7 million for the quarter that ended June 30, 2001.

Including the unusual charges, second quarter net earnings were $1.3 million, or $.14 per diluted share. In the comparable 2000 period, the company reported net earnings of $7.6 million, or $.83 per diluted share, on net sales of $115.1 million.

The unusual charges consisted of severance and related costs associated with a workforce reduction, other restructuring actions announced in April 2001, an inventory write-down, and other costs related to the previously announced closing of a leased plant in Germany and the transfer of the plant's production to a contract manufacturer in the Czech Republic.

In Tennant's other international markets, sales for the 2001 second quarter fell .9% to $10.5 million from $10.6 million in the 2000 second quarter.

A taped replay of a conference call discussing Tennant’s second quarter results is available at http://www.tennantco.com until August 8.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

Podcasts

Beginning April 21, Google will start judging websites based on their mobile friendliness. What exactly does this mean to you cleaning website? Find out in the latest edition of The Hitman Advertising Show, which will also cover tips and suggestions on getting mobile compliant.
More Podcasts

ICS Cleaning Specialist Magazine

CoverImage

2015 April

The April ICS issue features content on concrete polishing, green cleaning, air duct cleaning, injection sprayers and new products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive

THE ICS STORE

FinalCover.gif
The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.png

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view