Tennant Company Q3 2023 Earnings Release | October 31

Tennant Company reported third quarter 2023 results with 13.9% organic sales growth driven by 8.9% price growth and 5% volume expansion. The company increased full-year 2023 net sales guidance to $1.23B–$1.25B and adjusted EBITDA guidance to $190M–$200M. Q3 adjusted diluted EPS reached $1.34, up 36.7% year-over-year, with adjusted EBITDA margin expanding 220 basis points to 15.1%.