Tennant Earnings Rise on Overseas Growth

Minneapolis, MN, Oct. 24, 2008--Tennant Company reported third quarter net earnings of $14.0 million, or $0.76 per share, on net sales of $185.9 million for the third quarter ended Sept. 30.

A year ago, Tennant reported net earnings of $11.0 million, or $0.57 per diluted share, on net sales of $161.3 million.

Chris Killingstad, Tennant Company's president and chief executive officer, commented: "We had a very solid quarter, especially in light of the tough economic climate. Our third quarter performance reflects sales growth across all of our regions, and particularly in our emerging markets, such as China and Latin America. Further, Tennant's selling price actions, combined with cost-reduction programs and global sourcing efforts, continued to drive gross margin improvement."