Tennant Earnings, Sales Fall in Quarter
Minneapolis, MN, Oct. 24, 2012 -- Tennant Company reported third quarter net earnings of $8.7 million, or $0.46 per share, on net sales of $178.3 million.
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In the 2011 third quarter, Tennant reported net earnings of $9.7 million, or $0.50 per share, on record net sales for a third quarter of $187.0 million.
“After rising 4.7 percent in the 2012 first half, Tennant's sales in North America, our largest geography, declined 3.3 percent in the third quarter," said CEO Chris Killingstad.