Cleaning & Restoration Breaking News

Tennant reports second quarter results

August 1, 2001
/ Print / Reprints /
/ Text Size+
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 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.



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.


Have a limited marketing budget but realize the importance of neighborhood marketing? Try doorknob hangers, a low-cost, yet highly effective way to drum up more business. In this episode, John Braun discusses the value of this tactic as well as what you should include on the materials you're hanging.
More Podcasts

ICS Cleaning Specialist Magazine


2014 September

The September issue of ICS features stories on moisture detection, disinfectant services, neighborhood marketing, then we discuss the last level of being phenomenal, and cool products.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive


Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products


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

Click here to view


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

Click here to view


facebook_40.png twitter_40px.png youtube_40px.pngcrc logo