Tennant Swings to Quarterly Profit

Minneapolis, MN, Feb. 23, 2010--Floor cleaning solutions firm Tennant Co. reported a quarterly profit of $6.7 million, or 35 cents a share, compared with a net loss of $16.9 million, or 93 cents a share, a year ago.

Net sales rose 7 percent to $164.2 million.

For 2010, the company forecast earnings of 70 cents to $1.00 a share, on revenue of $615 million to $645 million.

The stock was sharply lower in early trading Tuesday.