Tennant launches new Z50 Citadel outdoor sweeper with dual technology

MINNEAPOLIS - Tennant Company (NYSE:TNC), a profitable industrial equipment manufacturer with a market capitalization of $1.4 billion and a solid financial health rating according to InvestingPro, introduced its new Z50 Citadel Outdoor Sweeper on Tuesday, combining mechanical and vacuum sweeping technologies to handle various debris types in industrial and municipal settings.

The Z50 Citadel features a TwinLift Debris Management System that integrates a mechanical broom, high-powered airflow, and an industrial shredder to capture both fine dust and larger debris, according to the company’s press release statement. This innovation comes as Tennant maintains strong operational metrics, with InvestingPro analysis showing liquid assets exceeding short-term obligations and a moderate debt level.

"Facility operators have battled major dust control issues in the past because many outdoor sweepers may not capture fine dust alongside larger debris," said Patrick Schottler, Senior Vice President, Chief Marketing and Technology Officer at Tennant Company.

The machine includes a 10-inch touchscreen with 1-Step sweeping controls, real-time onboard diagnostics, and adjustable side brushes to adapt to different surfaces and debris types.

Safety features include cab visibility enhancements, PerformanceView cameras, multiple emergency stop buttons, and air filtration certified to EUnited PM 2.5 and PM 10 4-Star standards. The sweeper also offers a standard hopper lift alarm and optional remote hopper control.

The Z50 Citadel is designed for use in industrial sites such as mining, manufacturing, and logistics facilities, as well as municipal settings like urban centers and transportation hubs.

Orders for the Z50 Citadel are now being accepted, Tennant said. The Minnesota-based company, founded in 1870, reported sales of $1.29 billion in 2024 and employs approximately 4,500 people globally.

In other recent news, Tennant Company reported a challenging first quarter for 2025, with earnings per share (EPS) and revenue both missing analyst expectations. The company’s EPS came in at $1.12, falling short of the anticipated $1.39, while revenue reached $290 million, below the forecasted $303.6 million. Tennant’s net income also saw a significant decline, dropping from $28.4 million in Q1 2024 to $13.1 million. Despite these setbacks, the company continues to focus on innovation, with autonomous mobile robots (AMR) sales increasing by 30% year-over-year.

Tennant maintains its full-year guidance, projecting net sales between $1,210 million and $1,250 million, and adjusted EPS ranging from $5.70 to $6.20. The company is confident in its ability to offset tariff impacts through strategic pricing and sourcing actions. Analysts have not provided any recent upgrades or downgrades for Tennant, but the company remains optimistic about its strategic direction. CEO Dave Hummel expressed confidence in achieving the 2025 guidance, citing consistent execution of the enterprise growth strategy and disciplined cost management.

The company faces ongoing challenges in key markets, particularly in China and Australia, where regional difficulties continue to impact growth. Inflationary pressures and tariff impacts, estimated at $40 million for 2025, remain significant concerns. However, Tennant is implementing various strategies to mitigate these issues, including supply chain actions and pricing initiatives.

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