Tennant Co Sees 2023 Net Sales $1.23B-$1.25B Vs $1.23B Est.; Sees 2023 Adjusted Diluted EPS $5.70-$6.10 Vs $5.58 Est.; Sees 2023 Adjusted EBITDA $190M-$200M
Portfolio Pulse from Benzinga Newsdesk
Tennant Co has projected its 2023 net sales to be between $1.23B and $1.25B, which is in line with the estimated $1.23B. The company also expects its 2023 adjusted diluted EPS to be between $5.70 and $6.10, higher than the estimated $5.58. Additionally, Tennant Co anticipates its 2023 adjusted EBITDA to be between $190M and $200M.
November 06, 2023 | 3:29 pm
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POSITIVE IMPACT
Tennant Co's 2023 projections are in line with or exceed estimates, which could positively impact the company's stock price.
Tennant Co's 2023 projections for net sales, adjusted diluted EPS, and adjusted EBITDA are either in line with or exceed estimates. This positive outlook could increase investor confidence and potentially lead to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100