Tennant Co (NYSE: TNC)

Tennant Company is a world leader in designing manufacturing and marketing solutions that help create a cleaner safer and healthier world. The company specializes in floor cleaning equipment and related technologies for nonresidential surfaces. Founded in 1870 and incorporated in 1909 Tennant Company has evolved from a woodworking business into a global provider of innovative cleaning solutions headquartered in Eden Prairie Minnesota.

Tennant Company generates revenue through the design manufacture sale and servicing of products used primarily in the maintenance of nonresidential surfaces. Its offerings include manual and autonomous mechanized cleaning equipment detergent-free and sustainable cleaning technologies aftermarket parts and consumables equipment maintenance and repair services and business solutions such as financing rental leasing programs and machine-to-machine asset management solutions. The company serves a diverse customer base including contract cleaners and businesses that perform facilities maintenance themselves.

The company operates through the following segments:

• Tennant Company aggregates its operating segments into one reportable segment that consists of the design manufacture sale and servicing of products used primarily in the maintenance of nonresidential surfaces.

Tennant Company believes it is a leading global manufacturer of floor maintenance and cleaning equipment based on validated third-party sources and sponsored market studies. The competitive landscape includes large multinational manufacturers and numerous regional and local participants varying by country vertical market product category channel and degree of automation. The company competes by offering a diverse range of high-quality innovative products supported by an extensive sales and service network in major markets.

Tennant Company serves more than 40000 customers worldwide including contract cleaners to whom organizations outsource facilities maintenance and businesses that perform facilities maintenance themselves. The company reaches these customers through the industry's largest direct sales and service organization and through a strong and well-supported network of authorized distributors worldwide.