Dernières nouvelles pour Tennant (NYSE:TNC) Stock

Tennant

Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.

Tennant Co

TNC Coin

TC ENERGY CORP SER 2 PFD by TC Energy Corp.

TC Energy Corp

NISSAN TOKYO SALES HLDGS by NISSAN TOKYO SALES HLDGS CO LTD

BTS Group Holdings PLC Warrants NVDR Series - 7 (07/11/2024)

BTS Group Holdings PLC

Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) affirms FY2025 Adj EPS guidance from $5.70-$6.20 to $5.70-$6.20 vs $5.93 analyst estimate. Affirms FY2025 sales outlook from $1.21 billion-$1.25 billion to $1.21 billion-$1.25 billion vs $1.24 billion estimate.

News

Guidance

Tennant Affirms FY2025 Adj EPS Guidance of $5.70-$6.20 vs $5.93 Est; Affirms FY2025 Sales Guidance of $1.21B-$1.25B vs $1.24B Est

Earnings

Earnings Misses

Tennant Q1 Adj. EPS $1.12 Misses $1.30 Estimate, Sales $290.00M Miss $296.63M Estimate

AEIS

ALGN

ALKT

AMCR

ANSS

ARAY

ATNI

AWRE

BLCO

BLFY

BLKB

BXMT

CACC

CAKE

CDNA

CFLT

CGNX

CHEF

CHRW

CLMB

CMPR

CNMD

CNXN

COCO

COKE

CPSH

CSLR

CSTM

CTOS

CTSH

CVEO

CWAN

CWEN

DFIN

EBAY

ENVX

EQIX

EQNR

ETSY

EXTR

FCPT

FFWM

FINW

FMBH

FORM

FTAI

GEHC

GKOS

GNRC

GRBK

GRMN

GTES

Earnings Scheduled For April 30, 2025

2025 Guidance
For 2025, Tennant provides the following guidance ranges:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(In millions, except per share data)</td>
<td colspan="1" rowspan="1">2025 Guidance Ranges</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net sales</td>
<td colspan="1" rowspan="1">$1,210 - $1,250</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Organic net sales decline</td>
<td colspan="1" rowspan="1">(1.0)% - (4.0)%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Diluted net income per share</td>
<td colspan="1" rowspan="1">$3.80 - $4.30</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted diluted net income per share&#x2A;&#x2A;</td>
<td colspan="1" rowspan="1">$5.70 - $6.20</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA&#x2A;&#x2A;</td>
<td colspan="1" rowspan="1">$196 - $209</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA margin&#x2A;&#x2A;</td>
<td colspan="1" rowspan="1">16.2% - 16.7%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital expenditures</td>
<td colspan="1" rowspan="1">~$20</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted effective tax rate&#x2A;&#x2A;</td>
<td colspan="1" rowspan="1">23% - 27%</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&#x2A;&#x2A;Excludes ERP modernization costs and amortization expense.</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Tennant Sees FY25 Adj. EPS $5.70-$6.20 Vs $6.58 Est.; Revenue $1.21B-$1.25B Vs $1.327B Est., Organic Net Sales Decline Of (1.0)% - (4.0)%

Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) reported quarterly earnings of $1.52 per share which beat the analyst consensus estimate of $1.37 by 10.95 percent. This is a 20.83 percent decrease over earnings of $1.92 per share from the same period last year. The company reported quarterly sales of $328.90 million which beat the analyst consensus estimate of $323.27 million by 1.74 percent. This is a 5.62 percent increase over sales of $311.40 million the same period last year.

Earnings Beats

Tennant Q4 Adj $1.52 Beats $1.37 Estimate, Sales $328.90M Beat $323.27M Estimate

<h3>Companies Reporting Before The Bell</h3>
<h3>Companies Reporting After The Bell</h3>
• Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) is expected to report quarterly earnings at $1.37 per share on revenue of $323.27 million. 
• UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $1.43 billion. 
• Noble Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $874.53 million. 
• Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) is projected to report quarterly earnings at $1.27 per share on revenue of $314.75 million. 
• Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) is likely to report quarterly earnings at $0.01 per share on revenue of $962.85 million. 
• BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) is projected to report earnings for its first quarter. 
• Huntsman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUN#NYSE">HUN</a>) is projected to report quarterly loss at $0.07 per share on revenue of $1.46 billion. 
• JELD-WEN Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JELD#NYSE">JELD</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $862.41 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JELD

OTTR

UFPI

Earnings Scheduled For February 17, 2025

Buybacks

Tennant Authorizes A New Share Repurchase Program Of Up To 2M Shares Of The Company's Common Stock, Effective February 11, 2025

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>DA Davidson analyst Alex Platt initiated coverage on IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) with a Buy rating and announced a price target of $50. IonQ shares closed at $37.50 on Wednesday. See how other analysts view this stock.</li>
<li>Citigroup analyst James Hardiman initiated coverage on Viking Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) with a Buy rating and announced a price target of $54. Viking Holdings shares closed at $43.38 on Wednesday. <a href="https://www.benzinga.com/quote/VIK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS initiated coverage on Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) with a Neutral rating and announced a price target of $80. Palantir shares closed at $71.51 on Wednesday. <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northcoast Research analyst Aaron Reed initiated coverage on Tennant Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) with a Buy rating and announced a price target of $125. Tennant shares closed at $80.58 on Wednesday. See how other analysts view this stock.</li>
<li>Wedbush analyst Daniel Ives initiated coverage on SolarWinds Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>) with an Outperform rating and announced a price target of $20. SolarWinds shares closed at $13.89 on Wednesday. <a href="https://www.benzinga.com/quote/SWI/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying TNC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="602" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171-1024x602.png" alt="" class="wp-image-699804" style="width:578px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171-1024x602.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171-768x452.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171.png 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/12/42569953/dow-dips-over-1100-points-falling-for-10th-session-as-powell-adopts-hawkish-stance-greed-index-moves-to-fear-zone">Dow Dips Over 1,100 Points, Falling For 10th Session As Powell Adopts Hawkish Stance: Greed Index Moves To &#8216;Fear&#8217; Zone</a></li>
</ul>

Initiation

Pre-Market Outlook

Analyst Ratings

Trading Ideas

IONQ

PLTR

This Tennant Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

Northcoast Research analyst Aaron Reed initiates coverage on Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) with a Buy rating and announces Price Target of $125.

Price Target

Northcoast Research Initiates Coverage On Tennant with Buy Rating, Announces Price Target of $125

WIIM

ALSN

ASTE

ATMU

CMCO

CVGI

EPAC

FELE

GTLS

LECO

NDSN

OFLX

PCAR

PKOH

PLOW

PRLB

SHYF

SPXC

TAYD

Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) affirms FY2024 Adj EPS guidance from $6.15-6.55 to $6.15-6.55 vs $6.51 analyst estimate. Affirms FY2024 sales outlook from $1.28 billion-1.30 billion to $1.28 billion-1.30 billion vs $1.29 billion estimate.

Tennant Affirms FY2024 Adj EPS Guidance to $6.15-6.55 vs $6.51 Est; Affirms FY2024 Sales Guidance to $1.28B-1.30B vs $1.29B Est

Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) reported quarterly earnings of $1.39 per share which missed the analyst consensus estimate of $1.43 by 2.8 percent. This is a 3.73 percent increase over earnings of $1.34 per share from the same period last year. The company reported quarterly sales of $315.80 million which missed the analyst consensus estimate of $319.40 million by 1.13 percent. This is a 3.64 percent increase over sales of $304.70 million the same period last year.

Tennant Q3 Adj $1.39 Misses $1.43 Estimate, Sales $315.80M Miss $319.40M Estimate

Marks 53rd Consecutive Increase in Annual Cash Dividend
The Board of Directors of Tennant Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) today authorized raising the quarterly cash dividend to $0.295 per share, a 5.4% increase. The increased dividend is payable December 16, 2024, to shareholders of record at the close of business on November 29, 2024.

Dividends

Tennant Company Increases Dividend From $0.28 To $0.295 Per Share

Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Tennant to report an earnings per share (EPS) of $1.43.
Investors in Tennant are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.12, leading to a 1.28% increase in the share price on the subsequent day.
Here's a look at Tennant's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.71</td>
<td>1.42</td>
<td>1.25</td>
<td>1.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.83</td>
<td>1.81</td>
<td>1.92</td>
<td>1.34</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-8.0%</td>
<td>4.0%</td>
<td>7.000000000000001%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730315155_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/TNC/earnings">To track all earnings releases for Tennant visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse of Tennant's Earnings Potential

Tennant Revised FY24 Adj. EPS Outlook To $6.15 - $6.55 (From $6.05 - $6.65) Vs. $6.61 Est.

Tennant Raised FY24 Net Sales Outlook To $1.280B-$1.305B (From $1.270B-$1.295B) Vs. Cons. $1.277B Est.

Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) reported quarterly earnings of $1.83 per share which beat the analyst consensus estimate of $1.71 by 7.02 percent. This is a 1.61 percent decrease over earnings of $1.86 per share from the same period last year. The company reported quarterly sales of $331.00 million which beat the analyst consensus estimate of $327.15 million by 1.18 percent. This is a 2.89 percent increase over sales of $321.70 million the same period last year.

Tennant Q2 Adj EPS $1.83 Beats $1.71 Estimate, Sales $331.00M Beat $327.15M Estimate

Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) recently announced the pricing of its private offering of senior notes worth $500 million in aggregate principal amount. The offering is anticipated to close on May 28, 2024, conditional on certain customary closing conditions. 
The company&#39;s shares gained 1.6% yesterday, thereby ending the trading session at $326.98.
<h3>Inside the Headlines</h3>
The senior notes carry an interest rate of 6.500% and are scheduled to mature on Jun 1, 2032. Notably, the senior notes are Zebra Technologies&#39; unsecured obligations and will be guaranteed by certain of its domestic subsidiaries. The notes will be offered only to qualified institutional buyers per Rule 144A under the Securities Act of 1933 and to non-U.S. investors conforming to Regulation S. 
Zebra Technologies expects to use the net proceeds from this offering to repay all of its outstanding debt under the revolving credit facility and to meet general corporate purposes. Exiting the first quarter, the company&#39;s outstanding debt under its revolving credit facility totaled $172 million. 
We believe that the offering of senior notes will increase ZBRA&#39;s debts and, in turn, might inflate its financial obligations and hurt profitability. However, prepaying part of certain indebtedness will offer some relief. Exiting the first quarter, the company&#39;s long-term debt remained high at $1.8 billion. At the end of the first quarter, its cash and cash equivalents were $127 million, less than the current portion of long-term debt of $272 million.
<h3>Zacks Rank, Price Performance and Earnings Trend</h3>
ZBRA, with a $16.8 billion market capitalization, currently sports a Zacks Rank #1 (Strong Buy). It stands to benefit from strong demand for services and software, and RFID (radio frequency identification) products. Also, its cost-management actions are enabling it to cut down operating expenses and improve margin performance.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f3/67333.jpg?v=837930431" /> 
Image Source: Zacks Investment Research
Its shares have gained 18.9% compared with the industry&#39;s 11.6% growth in the past three months. 
The Zacks Consensus Estimate for 2024 earnings has increased 9.3% to $12.11 in the past 60 days.
<h3>Other Stocks to Consider</h3>
Other top-ranked stocks from the Zacks Industrial Products sector are discussed below. 
Luxfer Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>) presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 122.5%. 
The Zacks Consensus Estimate for LXFR&#39;s 2024 earnings has increased 13.5% in the past 60 days. 
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 15.2%. 
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has risen 3.3%. 
Tennant Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnc#NYSE">TNC</a>) currently carries a Zacks Rank of 2. TNC delivered a trailing four-quarter average earnings surprise of 38%. 
In the past 60 days, the Zacks Consensus Estimate for its 2024 earnings has inched up 1.9%.
<a href="https://www.zacks.com/stock/news/2277710/zebra-zbra-prices-500m-senior-notes-in-private-offering?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2277710">To read this article on Zacks.com click here.</a>

Small Cap

Markets

Tech

LXFR

ZBRA

Zebra Prices $500M Senior Notes in Private Offering

Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) stands to benefit from strength across its businesses, focus on operational excellence and a sound liquidity position. The company remains focused on investing in growth opportunities and strengthening its long-term market position.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/be/67261.jpg?v=2023072408" /> 
Image Source: Zacks Investment Research
It has a market capitalization of $6.6 billion. Over the past three months, it has gained 19.7% compared with the industry&#39;s 1.5% growth. FLS currently carries a Zacks Rank #2 (Buy). 
Let&#39;s delve into the factors that have been aiding the firm for a while now. 
Solid Booking Level: The company has been benefiting from robust bookings driven by strong maintenance, repair, operations and aftermarket activity. Solid booking levels supported by strong demand for bill and gas, and chemicals augur well for the company. FLS&#39; Diversify, Decarbonize and Digitize strategy has also been supporting its growth. Notably, its first-quarter 2024 bookings of $1.04 billion marked the ninth consecutive quarter of more than $1 billion bookings. 
Business Strength: Solid momentum in the original equipment and aftermarket businesses are supporting both the Flowserve Pump Division (revenues increased 9.9% year over year in the first quarter) and Flow Control Division (revenues grew 13.8% year over year in the first quarter) segments. For 2024, the company projects revenues to grow in the range of 4-6% from the year-ago levels. It anticipates adjusted earnings per share between $2.50 and $2.70. 
Shareholder-Friendly Policies: Management remains focused on rewarding its shareholders through dividend payouts.&nbsp;The company paid dividends of $105 million in 2023.&nbsp; In the first quarter, it used $27.7 million for distributing dividends. 
Solid Liquidity Position: In the first three months of 2024, the company generated net cash of $62.3 million from operating activities, up from $26.6 million in the year-ago period. Exiting the first quarter, its cash and cash equivalents were $532 million, much higher than the current maturities of $66.4 million. 
However, Flowserve has been grappling with escalating costs and expenses over time. In 2023, its cost of sales jumped 16.1% year over year due to higher input costs. Also, the metric jumped 9.5% year over year in the first quarter of 2024 due to higher input costs.
<h3>Other Stocks to Consider</h3>
Some other top-ranked stocks from the same space are discussed below. 
Luxfer Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>) presently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter average earnings surprise of 122.5%. 
The Zacks Consensus Estimate for LXFR&#39;s 2024 earnings has increased 13.5% in the past 60 days. 
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 15.2%. 
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has risen 3.3%. 
Tennant Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnc#NYSE">TNC</a>) currently carries a Zacks Rank of 2. TNC delivered a trailing four-quarter average earnings surprise of 38%. 
In the past 60 days, the Zacks Consensus Estimate for its 2024 earnings has inched up 1.9%.
<a href="https://www.zacks.com/stock/news/2277314/here-s-why-flowserve-fls-stock-should-grace-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2277314">To read this article on Zacks.com click here.</a>

Here's Why Flowserve Stock Should Grace Your Portfolio

RBC Bearings Incorporated&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbc#NYSE">RBC</a>) fourth-quarter fiscal 2024 (ended March 2024) adjusted earnings of $2.47 per share beat the Zacks Consensus Estimate of $2.32. The figure increased 16% from the year-ago adjusted earnings of $2.13, supported by higher revenues.
<h3>Revenue Details</h3>
In the quarter under review, RBC Bearings&#39; revenues were $413.7 million, which increased 4.9% year over year. However, the figure missed the Zacks Consensus Estimate of $416 million. 
While exiting the reported quarter, RBC had a backlog of $726.1 million, up 9.4% year over year. 
For fiscal 2024, the company&#39;s revenues came in at $1.56 billion, up 6.2% year over year. It reported adjusted earnings of $8.62, reflecting an increase of 15.2% on a year-over-year basis.
<h3>Segmental Details</h3>
The company currently has two reportable segments, namely Aerospace/Defense and Industrial. Its segmental performance for the fiscal fourth quarter is briefly discussed below: 
Industrial revenues of $271.4 million (representing 65.6% of the quarter&#39;s revenues) were down 0.4% year over year. 
Aerospace/Defense revenues totaled $142.3 million (34.4%), up 16.8% year over year.
<div class="chart_embed">
<h3>RBC Bearings Incorporated Price, Consensus and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/RBC/price-consensus-eps-surprise-chart?icid=chart-RBC-price-consensus-eps-surprise-chart"><img alt="RBC Bearings Incorporated Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/01/1716198978.png" style="height:265px; width:583px" title="" /> </a>
RBC Bearings Incorporated price-consensus-eps-surprise-chart | RBC Bearings Incorporated Quote
</div>
<h3>Margin Profile</h3>
In the reported quarter, the company&#39;s cost of sales rose 3.2% year over year to $235.4 million. Gross profit grew 7.2% to $178.3 million. The margin expanded 90 basis points (bps) to 43.1%. 
Selling, general and administrative expenses were $64.4 million, up 8.1% year over year. Adjusted EBITDA jumped 7.4% to $130.1 million. The adjusted EBITDA margin was 31.4%, up 70 bps year over year. 
Adjusted operating income increased 8.6% year over year to $96.3 million. The adjusted margin increased 80 bps to 23.3%. Net interest expenses were $18.8 million compared with $21.7 million in the year-ago quarter.
<h3>Balance Sheet and Cash Flow</h3>
At the time of exiting the fiscal fourth quarter, RBC had cash and cash equivalents of $63.5 million compared with $65.4 million at the end of the year-ago fiscal quarter. Total debt was $1.19 billion, down from $1.40 billion at the end of the year-earlier fiscal quarter. 
In fiscal 2024, the company generated net cash of $274.7 million from operating activities, which increased 24.5% on a year-over-year basis. Capital expenditure of $33.2 million decreased 21% year over year. 
In fiscal 2024, RBC Bearings repurchased shares worth $11 million, up 41.4% year over year.
<h3>Outlook</h3>
For the first quarter of fiscal 2025, management anticipates net sales in the range of $415-$420 million, suggesting a climb of 7.2-8.5% from the prior-year figure of $387.1 million.
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
RBC currently carries a Zacks Rank #2 (Buy). 
Some other top-ranked companies from the same space are discussed below: 
Luxfer Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>) presently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter average earnings surprise of 122.5%. 
The Zacks Consensus Estimate for LXFR&#39;s 2024 earnings has increased 13.5% in the past 60 days. 
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 15.2%. 
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has risen 3.3%. 
Tennant Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnc#NYSE">TNC</a>) currently carries a Zacks Rank of 2. TNC delivered a trailing four-quarter average earnings surprise of 38%. 
In the past 60 days, the Zacks Consensus Estimate for its 2024 earnings has inched up 1.9%.
<a href="https://www.zacks.com/stock/news/2275829/rbc-bearings-rbc-q4-earnings-surpass-estimates-up-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2275829">To read this article on Zacks.com click here.</a>

RBC Bearings Q4 Earnings Surpass Estimates, Up Y/Y

Press Releases

Tennant Company to Report Fourth Quarter and Full-Year Fiscal 2024 Results

Astronics Corporation Appoints Fay West to its Board of Directors

Tennant Company Declares Regular Quarterly Cash Dividend

Tennant Company Board Authorizes Repurchase of Additional Two Million Shares

Tennant Company Reports 2024 Fourth-Quarter and Full-Year Results

Tennant Company Launches X6 ROVR — Autonomous Cleaning Power for Large and Complex Facilities

Tennant Company to Report First Quarter 2025 Results on April 30, 2025

Tennant Company Reports First Quarter 2025 Results

Tennant Company Sells 10,000th Robotic Scrubber, Underscoring Global Demand for Cleaning Automation

Comments

Tennant

Actualités

Dernières nouvelles pour Tennant (NYSE:TNC) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL