Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
Tennant Co's Business Segments
Tennant Co's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
3
Largest Segment
Equipment Sales
Total Revenue
$ 324
Regions Reported
3
Revenue Share by Reportable Segment - FY
- Equipment Sales0%
- Parts and consumables41%
- Service and other36.2%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Equipment Sales | $ 372 | - |
| Parts and consumables | $ 133 | 41% |
| Service and other | $ 117 | 36.2% |
Revenue Share by Region - FY
- Americas65.2%
- EMEA29.2%
- Asia Pacific5.7%
Revenue by Geographic Region - FY
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Americas | $ 194 | 65.2% |
| EMEA | $ 87 | 29.2% |
| Asia Pacific | $ 17 | 5.7% |
Revenue by Product & Service Category - FY
- Equipment Sales59.8%
- Parts and consumables21.7%
- Service and other18.5%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Equipment Sales | $ 178 | 59.8% |
| Parts and consumables | $ 65 | 21.7% |
| Service and other | $ 55 | 18.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Annual Results
Revenue Share by Reportable Segment - FY
- Equipment Sales0%
- Parts and consumables41%
- Service and other36.2%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Equipment Sales | $ 372 | - |
| Parts and consumables | $ 133 | 41% |
| Service and other | $ 117 | 36.2% |
Description of Tennant Co
Tennant Company, a Minnesota corporation founded in 1870 and incorporated in 1909,
is a world leader in designing, manufacturing and marketing solutions that empower
customers to achieve quality cleaning performance, significantly reduce environmental
impact and help create a cleaner, safer, healthier world. Tennant is committed
to creating and commercializing breakthrough, sustainable cleaning innovations
to enhance its broad suite of products, including: floor maintenance and outdoor
cleaning equipment, detergent-free and other sustainable cleaning technologies,
aftermarket parts and consumables, equipment maintenance and repair service, specialty
surface coatings and asset management solutions. Tennant products are used in
many types of environments including: Retail establishments, distribution centers,
factories and warehouses, public venues such as arenas and stadiums, office buildings,
schools and universities, hospitals and clinics, parking lots and streets, and
more. Customers include contract cleaners to whom organizations outsource facilities
maintenance, as well as businesses that perform facilities maintenance themselves.
The Company reaches these customers through the industrys largest direct sales
and service organization and through a strong and well-supported network of authorized
distributors worldwide.
Tennant Company is a global leader in designing and manufacturing cleaning products, equipment, and services. Founded in 1870, the company has a longstanding history of innovation and customer focus, and its solutions are used in various industries including commercial, industrial, food service, healthcare, education, and retail environments.
Segments
Tennant operates primarily in two segments:
1. Cleaning Equipment: This segment includes a diverse range of products designed for cleaning and maintaining surfaces efficiently and effectively. The equipment can be classified into several categories:
- Floor Scrubbers: These machines include both walk-behind and ride-on models used in different settings from warehouses to supermarkets. They are engineered to remove dirt, grime, and other contaminants from hard surfaces efficiently.
- Floor Sweepers: This category includes a variety of both indoor and outdoor sweepers that help maintain cleanliness in large spaces. These machines are designed to pick up debris and dust, providing a clean environment.
- Vacuum Cleaners: Tennant offers portable and commercial vacuum solutions, including backpack vacuums, which are designed for ease of use in various settings.
- Burnishers and Polishers: These machines are geared toward creating a high shine on floors and are commonly used in commercial settings where floor aesthetics are crucial.
- Specialty Equipment: This includes ride-on and stand-on mops, automatic scrubbing units, and tools designed for specialized cleaning tasks.
2. Maintenance and Support Services: This segment encompasses a comprehensive range of services aimed at maximizing the efficiency and longevity of cleaning equipment. Services include:
- Parts and Consumables: Tennant provides replacement parts, batteries, and cleaning supplies necessary for operation and maintenance of its equipment.
- Service and Repair: The company offers maintenance programs, emergency repairs, and routine servicing to ensure equipment runs efficiently.
- Training and Support: Tennants team offers training programs for staff training on operating and maintaining cleaning equipment effectively.
Products and Services
Tennants offerings are built around various product lines and services tailored to different client needs:
- Eco-Friendly Solutions: Tennant has developed green cleaning technologies, such as their ec-H2O™ technology, which uses water to create an electrolysis process that enhances cleansing without chemicals. This aligns with the growing trend toward sustainability among customers.
- Smart Cleaning Technology: The company also invests in smart technology and IoT capabilities that allow for connectivity and data analytics, helping customers monitor performance, optimize cleaning schedules, and reduce costs.
- Custom Solutions: Tennants approach often involves working with clients to develop tailored cleaning solutions that meet specific operational requirements, ensuring enhanced productivity while maintaining high standards of cleanliness.
International Operations
Tennant Company operates globally, serving customers in over 80 countries. Its international operations are characterized by:
- Manufacturing Facilities: The company maintains production facilities in the United States and Europe. This allows for efficient manufacturing processes and the ability to meet local demand effectively. The facilities are equipped with state-of-the-art manufacturing technologies, supporting high-quality product outputs.
- International Sales and Distribution Networks: Tennant relies on a mix of direct sales teams and a network of distributors and dealers to bring its products to local markets. This approach helps the company adapt to regional market needs and cultural preferences.
- Research and Development: The company continues to invest in R&D to innovate product offerings and adapt to international cleaning standards, incorporating new technologies and customer feedback into product development.
- Localized Customer Support: To ensure customer satisfaction globally, Tennant provides localized support and training services, helping to establish strong relationships with customers and ensuring effective use of products.
Updates
As of 2023, Tennant Company has continued to adapt and innovate within the evolving cleaning equipment market. The growing emphasis on sustainability and environmental responsibility influences their product strategies, leading to the development of more eco-friendly technologies. Moreover, the incorporation of advanced sensor technology and automation in their cleaning machines is gaining traction, reflecting trends in operational efficiency and labor-saving solutions within the industry.
In summary, Tennant Company’s diverse segments covering both cleaning equipment and maintenance services, along with its international operations, position it as a key player in the cleaning industry. It leverages innovations, sustainability, and localized support to meet the demands of a global customer base while adapting to ever-changing market expectations and technologies.
Segments
Tennant operates primarily in two segments:
1. Cleaning Equipment: This segment includes a diverse range of products designed for cleaning and maintaining surfaces efficiently and effectively. The equipment can be classified into several categories:
- Floor Scrubbers: These machines include both walk-behind and ride-on models used in different settings from warehouses to supermarkets. They are engineered to remove dirt, grime, and other contaminants from hard surfaces efficiently.
- Floor Sweepers: This category includes a variety of both indoor and outdoor sweepers that help maintain cleanliness in large spaces. These machines are designed to pick up debris and dust, providing a clean environment.
- Vacuum Cleaners: Tennant offers portable and commercial vacuum solutions, including backpack vacuums, which are designed for ease of use in various settings.
- Burnishers and Polishers: These machines are geared toward creating a high shine on floors and are commonly used in commercial settings where floor aesthetics are crucial.
- Specialty Equipment: This includes ride-on and stand-on mops, automatic scrubbing units, and tools designed for specialized cleaning tasks.
2. Maintenance and Support Services: This segment encompasses a comprehensive range of services aimed at maximizing the efficiency and longevity of cleaning equipment. Services include:
- Parts and Consumables: Tennant provides replacement parts, batteries, and cleaning supplies necessary for operation and maintenance of its equipment.
- Service and Repair: The company offers maintenance programs, emergency repairs, and routine servicing to ensure equipment runs efficiently.
- Training and Support: Tennants team offers training programs for staff training on operating and maintaining cleaning equipment effectively.
Products and Services
Tennants offerings are built around various product lines and services tailored to different client needs:
- Eco-Friendly Solutions: Tennant has developed green cleaning technologies, such as their ec-H2O™ technology, which uses water to create an electrolysis process that enhances cleansing without chemicals. This aligns with the growing trend toward sustainability among customers.
- Smart Cleaning Technology: The company also invests in smart technology and IoT capabilities that allow for connectivity and data analytics, helping customers monitor performance, optimize cleaning schedules, and reduce costs.
- Custom Solutions: Tennants approach often involves working with clients to develop tailored cleaning solutions that meet specific operational requirements, ensuring enhanced productivity while maintaining high standards of cleanliness.
International Operations
Tennant Company operates globally, serving customers in over 80 countries. Its international operations are characterized by:
- Manufacturing Facilities: The company maintains production facilities in the United States and Europe. This allows for efficient manufacturing processes and the ability to meet local demand effectively. The facilities are equipped with state-of-the-art manufacturing technologies, supporting high-quality product outputs.
- International Sales and Distribution Networks: Tennant relies on a mix of direct sales teams and a network of distributors and dealers to bring its products to local markets. This approach helps the company adapt to regional market needs and cultural preferences.
- Research and Development: The company continues to invest in R&D to innovate product offerings and adapt to international cleaning standards, incorporating new technologies and customer feedback into product development.
- Localized Customer Support: To ensure customer satisfaction globally, Tennant provides localized support and training services, helping to establish strong relationships with customers and ensuring effective use of products.
Updates
As of 2023, Tennant Company has continued to adapt and innovate within the evolving cleaning equipment market. The growing emphasis on sustainability and environmental responsibility influences their product strategies, leading to the development of more eco-friendly technologies. Moreover, the incorporation of advanced sensor technology and automation in their cleaning machines is gaining traction, reflecting trends in operational efficiency and labor-saving solutions within the industry.
In summary, Tennant Company’s diverse segments covering both cleaning equipment and maintenance services, along with its international operations, position it as a key player in the cleaning industry. It leverages innovations, sustainability, and localized support to meet the demands of a global customer base while adapting to ever-changing market expectations and technologies.
