Exhibit 99

Tom Paulson
Kathryn Lovik
Senior Vice President and Chief Financial Officer
Global Communications Director

Tennant Company Reports 2018 Second Quarter Results

Net sales of $292.2 million in the second quarter, up 7.9 percent

Organic sales rose 5.2 percent, reflecting growth across all geographic regions

Second quarter GAAP diluted earnings per share of $0.69;
Adjusted EPS excluding special items of $0.82

Adjusted EBITDA of $35.7 million, or 12.2 percent of sales, up 120 basis points

Cash flow from operations of $20.4 million

Company increases 2018 full year guidance ranges for net sales,
adjusted net earnings and adjusted EBITDA
MINNEAPOLIS, July 25, 2018
—Tennant Company (“Tennant”) (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 $292.2 million and net earnings of $12.7 million, or $0.69 per share, and adjusted net earnings of $15.1 million, or $0.82 per share, for the quarter ended June 30, 2018. The 2018 second quarter reported results reflected $3.1 million in pre-tax expenses, or $0.13 per share, related to non-operational special items, primarily IPC acquisition integration costs. Additionally, the 2018 second quarter results included pre-tax expense of $5.5 million, or $0.23 per share, from amortization of the intangible assets related to the IPC acquisition and discrete tax benefits of approximately $3.0 million, or $0.16 per share. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the 2018 second quarter climbed to $35.7 million, or 12.2 percent of sales, from $29.8 million, or 11.0 percent of sales, in the year-ago quarter. (See the Supplemental Non-GAAP Financial Table).


The following information was filed by Tennant Co (TNC) on Wednesday, July 25, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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