Tennant Co. on Wednesday reported second-quarter net income of $12.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Minneapolis-based company said it had net income of 69 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 82 cents per share.
The maker of products for cleaning floors, parking lots and hospitals posted revenue of $292.2 million in the period.
Tennant expects full-year earnings in the range of $1.95 to $2.10 per share, with revenue in the range of $1.1 billion to $1.12 billion.
Tennant shares have climbed 8 percent since the beginning of the year. The stock has increased 6 percent in the last 12 months.
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