← Home
🚀 Sign up Free for Public Company Valuation & Insights!
Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!
Sign up free Video Highlights
Tennant
-6.73%
Machinery & equipment / Industrial equipment and cleaning solutions
At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
The Tennant Company is a global leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, healthier world. The company was founded in 1870 by George H. Tennant as a woodworking business, but has evolved over the years to become a leading provider of cleaning equipment, coatings, and services.
Headquartered in Minneapolis, Minnesota, the Tennant Company has operations in more than 30 countries and employs over 9,000 people worldwide. The company is committed to sustainability and is dedicated to creating solutions that not only improve efficiency and productivity, but also reduce environmental impact.
The Tennant Company offers a comprehensive range of products, including floor scrubbers, sweepers, burnishers, outdoor cleaning equipment, coatings, and consumables. They also provide a variety of services, such as equipment rental, financing, and maintenance programs.
The company serves a diverse range of industries, including commercial and industrial, healthcare, education, retail, transportation, and more. They pride themselves in their ability to deliver innovative solutions that meet the unique needs of each customer.
In addition to their products and services, the Tennant Company is also committed to giving back to the community. They have a strong philanthropic program, called "Tennant Foundation," which focuses on supporting education, sustainability, and overall well-being.
Overall, the Tennant Company is a respected and well-established company with a strong reputation for providing high-quality solutions to their customers and making a positive impact in the world.
Headquartered in Minneapolis, Minnesota, the Tennant Company has operations in more than 30 countries and employs over 9,000 people worldwide. The company is committed to sustainability and is dedicated to creating solutions that not only improve efficiency and productivity, but also reduce environmental impact.
The Tennant Company offers a comprehensive range of products, including floor scrubbers, sweepers, burnishers, outdoor cleaning equipment, coatings, and consumables. They also provide a variety of services, such as equipment rental, financing, and maintenance programs.
The company serves a diverse range of industries, including commercial and industrial, healthcare, education, retail, transportation, and more. They pride themselves in their ability to deliver innovative solutions that meet the unique needs of each customer.
In addition to their products and services, the Tennant Company is also committed to giving back to the community. They have a strong philanthropic program, called "Tennant Foundation," which focuses on supporting education, sustainability, and overall well-being.
Overall, the Tennant Company is a respected and well-established company with a strong reputation for providing high-quality solutions to their customers and making a positive impact in the world.
What is special about the company?
1. Long-standing History: Tennant Company has a rich history dating back to 1870 when it was first founded as a woodworking business. They have evolved over the years from a wood flooring company to a cleaning equipment manufacturer.
2. Global Presence: Tennant has a strong global presence, with operations in over 15 countries and a distribution network that covers more than 80 countries. This allows them to serve customers worldwide and provide localized support.
3. Leading Innovation: The company is known for its constant innovation in the cleaning industry. They invest heavily in research and development to come up with advanced solutions and technologies that improve cleaning efficiency and sustainability.
4. Environmentally Friendly Solutions: Tennant is committed to sustainability and offers ec-H2O™ and ec-H2O NanoClean® technologies, which allow customers to clean without chemicals. They also have a line of electric and hybrid-powered equipment, reducing emissions and energy consumption.
5. Diverse Product Portfolio: Tennant offers a wide range of cleaning products, including scrubbers, sweepers, burnishers, carpet extractors, and outdoor equipment. This diversity allows them to cater to diverse cleaning needs and industries.
6. Customer-Centric Approach: Tennant puts customers at the center of everything they do. They offer customized solutions, flexible financing options, and excellent customer support to ensure customer satisfaction.
7. Strong Corporate Social Responsibility: Tennant is committed to being a responsible corporate citizen by giving back to the community through various philanthropic initiatives. This includes supporting education and environmental sustainability efforts.
8. Award-Winning Company: Tennant has received numerous awards for its products, services, and company culture. These include recognition for workplace culture, product innovations, and environmental sustainability efforts.
9. Commitment to Safety: Tennant Company prioritizes safety for both its employees and customers. They offer safety training programs and continuously work towards improving the safety features of their equipment.
10. Company Culture: Tennant has a strong company culture that values integrity, diversity, and collaboration. They strive to create an inclusive work environment where employees are valued and empowered to do their best work.
2. Global Presence: Tennant has a strong global presence, with operations in over 15 countries and a distribution network that covers more than 80 countries. This allows them to serve customers worldwide and provide localized support.
3. Leading Innovation: The company is known for its constant innovation in the cleaning industry. They invest heavily in research and development to come up with advanced solutions and technologies that improve cleaning efficiency and sustainability.
4. Environmentally Friendly Solutions: Tennant is committed to sustainability and offers ec-H2O™ and ec-H2O NanoClean® technologies, which allow customers to clean without chemicals. They also have a line of electric and hybrid-powered equipment, reducing emissions and energy consumption.
5. Diverse Product Portfolio: Tennant offers a wide range of cleaning products, including scrubbers, sweepers, burnishers, carpet extractors, and outdoor equipment. This diversity allows them to cater to diverse cleaning needs and industries.
6. Customer-Centric Approach: Tennant puts customers at the center of everything they do. They offer customized solutions, flexible financing options, and excellent customer support to ensure customer satisfaction.
7. Strong Corporate Social Responsibility: Tennant is committed to being a responsible corporate citizen by giving back to the community through various philanthropic initiatives. This includes supporting education and environmental sustainability efforts.
8. Award-Winning Company: Tennant has received numerous awards for its products, services, and company culture. These include recognition for workplace culture, product innovations, and environmental sustainability efforts.
9. Commitment to Safety: Tennant Company prioritizes safety for both its employees and customers. They offer safety training programs and continuously work towards improving the safety features of their equipment.
10. Company Culture: Tennant has a strong company culture that values integrity, diversity, and collaboration. They strive to create an inclusive work environment where employees are valued and empowered to do their best work.
What the company's business model?
The Tennant Company is a global manufacturer and seller of cleaning equipment and solutions for industrial, commercial, and outdoor environments. Their business model revolves around providing innovative and sustainable cleaning solutions for their customers, including floor cleaning machines, scrubbers, sweepers, vacuums, and other related products. They also offer services such as rental programs, maintenance and repair services, and training to support their customers' needs. Additionally, the company focuses on developing and promoting environmentally-friendly and energy-efficient products, as well as providing exceptional customer service to maintain a strong and loyal customer base.
Interesting facts about the company
1. The Tennant Company was founded in Minneapolis, Minnesota in 1870 by George H. Tennant as a manufacturer of wood products.
2. Originally known as the G.H. Tennant Company, it was initially a small family business that supplied wooden parts for the local furniture industry.
3. In the late 1800s, the company began producing wooden ice skates, becoming one of the leading manufacturers in the United States.
4. The company rebranded as the Tennant Company in 1905 and shifted its focus from wooden products to industrial cleaning equipment.
5. In the 1920s, the Tennant Company introduced the first motorized floor scrubber, revolutionizing the cleaning industry.
6. During World War II, Tennant played a significant role in supporting the war effort by producing aircraft parts and munitions.
7. In the 1950s and 60s, Tennant expanded its product line to include vacuum cleaners and other cleaning equipment.
8. In 1954, the company went public and began trading on the New York Stock Exchange.
9. Today, the Tennant Company is a global leader in designing, manufacturing, and marketing cleaning equipment and solutions for commercial and industrial applications.
10. The company has a presence in over 15 countries and employs over 5,000 people worldwide.
11. In addition to its cleaning equipment, Tennant also offers a range of environmentally friendly cleaning solutions and services.
12. The company’s commitment to sustainability has been recognized by various organizations, including being named one of the World’s Most Ethical Companies by the Ethisphere Institute multiple times.
13. Tennant is also known for its innovative products and has been granted over 125 patents for its cleaning technologies.
14. In 2016, the company launched its first autonomous floor cleaning robot, known as the T7AMR, which uses artificial intelligence and sensors to navigate and clean floors.
15. The Tennant Company has a long history of philanthropy and community involvement, supporting organizations such as Habitat for Humanity and the American Red Cross.
See Company Due Diligence:
2. Originally known as the G.H. Tennant Company, it was initially a small family business that supplied wooden parts for the local furniture industry.
3. In the late 1800s, the company began producing wooden ice skates, becoming one of the leading manufacturers in the United States.
4. The company rebranded as the Tennant Company in 1905 and shifted its focus from wooden products to industrial cleaning equipment.
5. In the 1920s, the Tennant Company introduced the first motorized floor scrubber, revolutionizing the cleaning industry.
6. During World War II, Tennant played a significant role in supporting the war effort by producing aircraft parts and munitions.
7. In the 1950s and 60s, Tennant expanded its product line to include vacuum cleaners and other cleaning equipment.
8. In 1954, the company went public and began trading on the New York Stock Exchange.
9. Today, the Tennant Company is a global leader in designing, manufacturing, and marketing cleaning equipment and solutions for commercial and industrial applications.
10. The company has a presence in over 15 countries and employs over 5,000 people worldwide.
11. In addition to its cleaning equipment, Tennant also offers a range of environmentally friendly cleaning solutions and services.
12. The company’s commitment to sustainability has been recognized by various organizations, including being named one of the World’s Most Ethical Companies by the Ethisphere Institute multiple times.
13. Tennant is also known for its innovative products and has been granted over 125 patents for its cleaning technologies.
14. In 2016, the company launched its first autonomous floor cleaning robot, known as the T7AMR, which uses artificial intelligence and sensors to navigate and clean floors.
15. The Tennant Company has a long history of philanthropy and community involvement, supporting organizations such as Habitat for Humanity and the American Red Cross.
See Company Due Diligence:
Wait! There's more — sign up for free or log in