Tennant Cleaning Technology Spurs Higher Income

Minneapolis, MN, Oct. 26, 2010 -- Tennant Company reported third quarter net earnings of $7.5 million, or $0.39 per share, on net sales of $168.6 million.

A year ago, Tennant reported net earnings of $5.8 million, or $0.31 per diluted share, on net sales of $154.4 million.

"We are very pleased to report Tennant’s third consecutive quarter of sequential sales and earnings gains," said CEO Chris Killingstad .

"The company continued to experience increased demand in the Americas and Asia Pacific regions. Contributing to the solid quarterly results were record sales of scrubbers equipped with our ec-H2O chemical-free cleaning technology, which exceeded our expectations.”

The company said it expects full year sales of scrubbers with ec-H2O to be in the range of $90 million to $100 million.