Exhibit 99
tennantovallogoa14.jpgtennantovallogoa14.jpg

INVESTOR CONTACT:
 
MEDIA CONTACT:
Tom Paulson
 
Kathryn Lovik
Senior Vice President and Chief Financial Officer
 
Global Communications Director
tom.paulson@tennantco.com
 
kathryn.lovik@tennantco.com
763-540-1204
 
763-540-1212

Tennant Company Reports 2017 Fourth Quarter and Full Year Results

Net sales of $279 million in the fourth quarter, up approximately 32 percent; Organic sales rose 2.1 percent. Full year net sales eclipsed $1 billion for first time

Fourth quarter loss per share of $(0.18) includes special items totaling $0.52 per share; Adjusted EPS of $0.34; Full year GAAP EPS loss of $(0.35) and Adjusted EPS of $1.54

Reduced debt an additional $15 million in the fourth quarter

Company provides 2018 full year net sales and earnings outlook
MINNEAPOLIS, Feb. 22, 2018—Tennant Company (NYSE: TNC), a world leader in designing, manufacturing and marketing of solutions that help create a cleaner, safer, healthier world, today reported net sales of $279.3 million and a net loss of $3.2 million, or $(0.18) per share, and adjusted net income of $6.2 million, or $0.34 per share, for the quarter ended December 31, 2017.
The 2017 fourth quarter included special items that reduced earnings by a total of $12.8 million, or $0.52 per share. The special items included the pre-tax settlement costs related to the Pension Plan termination of $6.2 million, or $0.22 per share, pre-tax restructuring costs primarily related to initial integration of the IPC Group (IPC) business of $2.5 million, or $0.10 per share, pre-tax acquisition costs related to IPC of $1.7 million, or $0.08 per share, and a provisional income tax charge of $2.4 million, or $0.13 per share, to reflect the estimated impacts of the U.S. Tax Cuts and Jobs Act of 2017. (See the Supplemental Non-GAAP Financial Table.) Additionally, the 2017 fourth quarter results included a pre-tax charge of $5.3 million, or $0.22 per share, from accelerated amortization for the intangible assets related to the IPC acquisition. The full year pre-tax impact of the IPC accelerated amortization was $15.7 million, or $0.64 per share.

(more)

The following information was filed by Tennant Co (TNC) on Thursday, February 22, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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