Tennant (TNC) FY2022 results: revenue $1.1 billion, up 0.1% on the year
Tennant Co. (TNC) reported revenue of $1.1 billion for fiscal 2022, the year ended 31 December 2022, up 0.1% on the year before. Net income was $66 million, up 2.2%, and diluted earnings per share $3.55. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$1.1 billion
+0.1% on the year
FY2015FY2022
Operating margin
8.0%
8.6% a year earlier
FY2015FY2022
Net income
$66 million
+2.2% on the year
FY2015FY2022
Diluted EPS
$3.55
+3.2% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-25.1
69.4
134
Capital expenditure
25.0
19.4
29.9
+28.9%
Free cash flow
-50.1
50.0
104
Free cash flow margin
-4.6%
4.6%
10.4%
Cash from investing
-24.5
1.7
-29.9
Cash from financing
8.1
-84.5
-42.8
Depreciation and amortisation
48.7
53.1
53.4
-8.3%
Share-based compensation
7.8
9.5
6.0
-17.9%
Buybacks
5.0
15.0
0.0
-66.7%
Dividends paid
18.9
17.5
16.3
+8.0%
Dividend per share
$1.01
$0.94
$0.89
+8.0%
Diluted shares, weighted
19m
19m
19m
-0.8%
Shares outstanding at period end
19m
16m
19m
+19.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
471
434
405
+8.5%
Non-controlling interest
1.3
1.3
1.3
0.0%
Debt
300
268
312
+12.2%
Operating lease liabilities
17.1
25.4
28.7
-32.7%
Finance lease liabilities
0.1
0.1
0.0
0.0%
Other liabilities
296
334
336
-11.4%
Total liabilities and equity
1,085
1,062
1,083
+2.2%
Fixed assets
180
173
186
+4.1%
Goodwill
182
193
208
-5.7%
Intangible assets
76.4
98.0
126
-22.0%
Cash and equivalents
77.4
124
141
-37.4%
Receivables
252
211
200
+19.0%
Inventory
207
161
128
+28.6%
Other assets
111
102
94.5
+8.9%
Total assets
1,085
1,062
1,083
+2.2%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.