Tennant Swings To Loss in First Quarter

Minneapolis, MN, May 7, 2009--Tennant Co., which makes floor cleaning products, reported a first-quarter loss as the recession hit sales across all geographic regions.

The company posted a net loss of $41.7 million, or $2.29 a share, compared with net income of $5.2 million, or 28 cents a share, a year earlier.

Revenue fell 24 percent to $128.6 million.

It now expects 2009 revenue of $560 million to $600 million, down from its prior view of $590 million to $625 million.