Tennant Third Quarter Earnings Rise

Minneapolis, MN, October 23, 2007--Tennant Co reported third-quarter earnings of $11.0 million, or $0.57 a share, compared with $7.9 million, or $0.42 a share, a year ago.

Excluding items, analysts were expecting earnings of $0.46 a share.

Net sales rose more than 10% to $161.3 million, beating analysts' view of $158.0 million.

Tennant raised its 2007 earnings outlook by $0.10 a share to $1.88 to $1.96 on higher-than-expected tax benefit.

The outlook also includes the restructuring charge as well as expenses related to the company's ongoing China expansion.

Analysts on average were expecting 2007 earnings of $1.86 a share.