Tennant Company, a world leader in designing, manufacturing and marketing of solutions that help create a cleaner, safer, healthier world, released the 2011 fourth quarterly and annual reports.
Overall results showed that:
- Net sales grew 6 percent to a record fourth quarter
- The quarterly gross margin of 43.2 percent exceeded target range
- Operating profit margin increased to 8.0 percent from prior year quarter;and
- Excluding special benefits, record year of net sales and adjusted diluted EPS.
Chris Killingstad, Tennant Company's president and chief executive officer explained “Tennant’s robust financial performance was driven in part by strong sales of industrial equipment in the Americas region and increased global sales of scrubbers equipped with our sustainable, water-based ec-H2OTM cleaning technology.”
A full report is available online.