Tennant (TNC) FY2017 results: revenue $1.0 billion, up 24.1% on the year
Tennant Co. (TNC) reported revenue of $1.0 billion for fiscal 2017, the year ended 31 December 2017, up 24.1% on the year before. Net income was -$6 million, and diluted earnings per share $-0.35. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.0 billion
+24.1% on the year
FY2010FY2017
Operating margin
3.3%
8.4% a year earlier
FY2010FY2017
Net income
-$6 million
FY2010FY2017
Diluted EPS
-$0.35
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,003
809
812
+24.1%
Cost of revenue
603
457
463
+32.0%
Gross profit
400
352
349
+13.7%
Gross margin
39.9%
43.5%
43.0%
Research and development
32.0
34.7
32.4
-7.8%
Selling, general and administrative
335
248
252
+34.9%
Operating income
33.0
68.3
53.2
-51.7%
Operating margin
3.3%
8.4%
6.6%
Interest expense
25.4
1.3
1.3
+1,885.5%
Pre-tax income
-1.3
66.5
50.4
Income tax
4.9
19.9
18.3
-75.3%
Effective tax rate
n/a
29.9%
36.4%
Net income
-6.2
46.6
32.1
Net margin
-0.6%
5.8%
4.0%
Diluted EPS
-$0.35
$2.59
$1.74
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
54.2
57.9
45.2
-6.4%
Capital expenditure
20.4
26.5
24.8
-23.0%
Free cash flow
33.7
31.4
20.5
+7.6%
Free cash flow margin
3.4%
3.9%
2.5%
Cash from investing
-375
-40.6
-23.6
Cash from financing
319
-9.6
-61.4
Depreciation and amortisation
43.3
18.3
18.0
+136.4%
Share-based compensation
5.9
3.9
8.2
+52.0%
Buybacks
0.0
12.8
46.0
Dividends paid
15.0
14.3
14.5
+4.9%
Dividend per share
$0.84
$0.81
$0.80
+3.7%
Diluted shares, weighted
18m
18m
18m
-1.6%
Shares outstanding at period end
18m
18m
18m
+1.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
297
279
252
+6.4%
Non-controlling interest
2.0
0.0
n/a
Debt
377
36.2
24.7
+941.2%
Other liabilities
319
155
155
+105.2%
Total liabilities and equity
994
470
432
+111.5%
Fixed assets
180
112
95.0
+60.6%
Goodwill
186
21.1
16.8
+783.2%
Intangible assets
172
6.5
3.2
+2,567.9%
Cash and equivalents
58.4
58.0
51.3
+0.6%
Receivables
203
145
136
+39.9%
Inventory
128
78.6
77.3
+62.4%
Other assets
66.2
48.5
52.4
+36.6%
Total assets
994
470
432
+111.5%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.