Tennant's stock rallies after deal with Walmart to provide robot floor cleaners [MarketWatch]
Tennant Company (TNC)
Last tennant company earnings: 2/20 08:30 am
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Source: MarketWatch
Tennant's stock rallies after deal with Walmart to provide robot floor cleaners Shares of Tennant Co. TNC, +3.47% rallied 2.6% in morning trade Wednesday, after the company announced a new deal with Walmart Inc. WMT, +0.54% to provide the retail behemoth with T7AMR robot floor cleaners. Financial terms of the deal were not disclosed. "We are proud to partner with Walmart, the first major global retailer to introduce autonomous cleaning robots to deliver operational efficiency, cleaning performance and customer value on a broad scale across a retail platform," said Tennant Chief Executive Chris Killingstad. The deal comes as Walmart expands its use of robots to also help monitor inventory and unload trucks. Tennant's stock has rallied 21% year to date, while Walmart shares have gained 6.5% and the Dow Jones Industrial Average DJIA, -0.03% has climbed 12%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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News
- Tennant Company to Report First Quarter 2024 Results on May 3, 2024Business Wire
- Tennant Company Cleaned Up Nicely (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Floor Care Machine Market is Projected to Reach a Value of US$ 9.21 Billion by 2034, Fact.MR Study [Yahoo! Finance]Yahoo! Finance
- Tennant Company to Host Investor Day on May 13, 2024 [Yahoo! Finance]Yahoo! Finance
- Tennant Company to Host Investor Day on May 13, 2024Business Wire
TNC
Earnings
- 2/22/24 - Beat
TNC
Sec Filings
- 4/11/24 - Form 4/A
- 4/11/24 - Form 4/A
- 4/11/24 - Form 4/A
- TNC's page on the SEC website