Mission Statement, Vision, & Core Values of Tennant Company (TNC)

With a legacy dating back to 1870, how does Tennant Company, a global leader in cleaning solutions with a $1.33 billion market cap as of April 2025, define its purpose and values in today's rapidly evolving world?

Have you ever wondered what drives a company with $1.29 billion in sales for 2024 and approximately 4,500 employees to innovate and lead in creating a cleaner, safer, and healthier world? This article dives into the core of Tennant Company, exploring its mission statement, vision, and core values that shape its strategies and commitment to sustainability.

Tennant Company (TNC) An Overview of

Founded in 1870, Tennant Company (TNC) has evolved into a global leader in designing, manufacturing, and marketing floor cleaning solutions and other surface cleaning technologies. The company offers a wide range of products, including floor scrubbers, sweepers, carpet extractors, and specialty cleaning equipment. These products serve diverse industries, such as retail, healthcare, manufacturing, and logistics. As of April 2025, Tennant Company continues to innovate in cleaning technology, focusing on sustainability and efficiency to meet the evolving needs of its global customer base.

In the fiscal year 2024, Tennant Company achieved a record-breaking revenue of $1.32 billion, marking a 8.5% increase compared to the previous year. This growth was primarily driven by strong sales in the Americas, which saw a 9.9% increase, and the EMEA (Europe, Middle East, and Africa) region, which grew by 7.7%. The Asia Pacific region also contributed significantly with a 6.2% increase in sales. Specifically, sales of the company’s main products, including floor scrubbers and sweepers, rose by 9.1%, reflecting strong demand and successful product innovations. The company's net income for 2024 was reported at $62.4 million, a substantial increase from $48.7 million in 2023, showcasing improved operational efficiency and profitability.

Tennant Company stands as a leader in the environmental services industry. The company's success can be attributed to its long-standing commitment to innovation, quality, and customer satisfaction. Its strategic focus on sustainable cleaning solutions and expansion into emerging markets has solidified its position as a key player in the global cleaning equipment market. To delve deeper into why Tennant Company continues to thrive, explore: Tennant Company (TNC): History, Ownership, Mission, How It Works & Makes Money

Tennant Company (TNC) Mission Statement

The mission statement of Tennant Company is 'To create a cleaner, safer and healthier world.' This concise statement encapsulates the company's overarching goal and commitment to its stakeholders. It reflects Tennant's dedication to not only providing cleaning solutions but also contributing positively to the environment and the well-being of communities it serves. You can learn more about Tennant Company at: Tennant Company (TNC): History, Ownership, Mission, How It Works & Makes Money

Let's analyze the three core components of Tennant Company's mission statement in detail:

Cleaner World

Tennant Company demonstrates its commitment to a cleaner world through the following:

• Innovative Cleaning Solutions: Tennant develops and manufactures cleaning equipment and technologies designed to reduce environmental impact. This includes machines that use less water and energy, as well as those that utilize chemical-free cleaning methods.
• Sustainable Practices: Tennant integrates sustainability into its operations, striving to minimize waste, conserve resources, and reduce its carbon footprint.
• Product Stewardship: The company is committed to responsible product design and lifecycle management, ensuring that its products are safe, durable, and recyclable.

Safer World

Tennant Company contributes to a safer world by:

• Promoting Workplace Safety: Tennant's cleaning solutions help businesses maintain safe and healthy work environments by reducing slip-and-fall hazards and improving air quality.
• Public Health: By providing effective cleaning technologies, Tennant supports public health initiatives aimed at preventing the spread of disease and maintaining hygienic environments in public spaces.
• Safe Products: Tennant prioritizes the safety of its products, ensuring they meet or exceed industry standards and regulations.

Healthier World

Tennant Company's focus on a healthier world is reflected in its:

• Improved Air Quality: Tennant's cleaning equipment helps to remove dust, allergens, and other pollutants from indoor environments, contributing to improved air quality and respiratory health.
• Hygiene and Sanitation: Tennant's solutions play a critical role in maintaining hygiene and sanitation in hospitals, schools, and other public facilities, helping to prevent the spread of infections.
• Employee Well-being: Tennant is committed to providing a safe and healthy workplace for its employees, promoting their physical and mental well-being.

Tennant Company (TNC) Vision Statement of

The vision, mission, and core values guide in its pursuit of cleaning solutions and sustainable innovation. These guiding principles provide a framework for strategic decision-making and daily operations, ensuring that the company remains focused on its goals and committed to its stakeholders. As of April 2025, understanding these elements provides insight into the company's direction and priorities.

Mission Statement

Tennant Company's mission is to empower its customers to create a cleaner, safer, and healthier world. This mission drives the company's focus on innovation, sustainability, and customer satisfaction. Tennant aims to deliver value by providing effective and efficient cleaning solutions that address the evolving needs of its customers. This commitment is reflected in its product development, service offerings, and overall business strategy.

• Empowering Customers: Tennant seeks to provide its customers with the tools and solutions they need to maintain clean and safe environments.
• Cleaner, Safer, Healthier World: This reflects Tennant's commitment to sustainability and its role in promoting environmental responsibility.
• Value Delivery: Tennant aims to offer solutions that are not only effective but also provide a strong return on investment for its customers.

Tennant Company demonstrates its commitment to its mission through various initiatives and financial strategies. For example, the company's focus on innovation led to R&D investments of $34.9 million in 2024, aimed at developing sustainable cleaning technologies. Exploring Tennant Company (TNC) Investor Profile: Who’s Buying and Why?

Vision Statement

Tennant Company envisions itself as a global leader in innovative and sustainable cleaning solutions that transform the way the world cleans. This vision directs the company's long-term goals and aspirations. Tennant strives to be at the forefront of the cleaning industry, continuously developing and delivering cutting-edge technologies and practices that improve cleanliness, safety, and environmental outcomes. The company's vision encompasses not only technological advancement but also a commitment to social and environmental responsibility.

• Global Leadership: Tennant aims to be recognized as the top provider of cleaning solutions worldwide.
• Innovation and Sustainability: The company emphasizes the importance of developing sustainable and innovative products.
• Transformative Impact: Tennant seeks to revolutionize cleaning practices, making them more efficient and environmentally friendly.

In line with its vision, Tennant reported that new product sales accounted for 23.8% of its total sales in 2024, indicating a strong focus on innovation. Additionally, sustainability initiatives, such as reducing water and energy consumption in manufacturing processes, have led to cost savings and environmental benefits.

Core Values

Tennant Company's core values define its culture and guide the behavior of its employees. These values include:

• Safety: Prioritizing the safety of employees, customers, and the environment in all operations.
• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Sustainability: Committing to environmentally responsible practices and solutions.
• Customer Focus: Placing the needs and satisfaction of customers at the center of all activities.
• Innovation: Encouraging creativity and continuous improvement in products, processes, and services.
• Teamwork: Promoting collaboration and mutual support among employees to achieve common goals.

These core values are embedded in Tennant's operations and decision-making processes. For instance, the company's safety record consistently exceeds industry standards, with a recordable incident rate of 0.65 per 100 employees in 2024, reflecting its commitment to safety. Furthermore, Tennant's dedication to integrity is evident in its compliance programs and ethical business practices.

Tennant Company’s mission, vision, and core values are integral to its identity and strategic objectives. The mission focuses on empowering customers to create a cleaner, safer, and healthier world. The vision sets the aspiration to be a global leader in innovative and sustainable cleaning solutions. The core values define the company's culture and behavior, emphasizing safety, integrity, sustainability, customer focus, innovation, and teamwork. These elements collectively drive Tennant's commitment to delivering value to its stakeholders and making a positive impact on the world.

Tennant Company (TNC) Core Values of

Company's core values are the fundamental beliefs upon which the business and its behavior are based. These values guide how Company treats its employees, customers, and the communities where it operates. Company's core values are:

• Safety
• Integrity
• Sustainability
• Empowerment
• Excellence

These values inform the actions of the company and serve as a foundation for its culture.

Safety

Safety is a priority at Company. This commitment extends to employees, customers, and the communities in which they operate. Company strives to create a safe working environment by implementing comprehensive safety programs and training. For example, Company has invested in programs that reduce workplace accidents by 15% over the last three years. In fiscal year 2024, Company reported a record low incident rate of 0.8 per 100 employees, reflecting its dedication to maintaining a safe workplace.

Initiatives include:

• Regular safety audits and inspections
• Employee training programs on hazard recognition and prevention
• Investment in safety equipment and technology

Integrity

Integrity is fundamental to Company's operations. It means conducting business ethically and transparently. Company’s commitment to integrity is reflected in its compliance programs and ethical guidelines, ensuring all employees adhere to the highest standards of conduct. In 2024, Company completed 100% of its annual ethics training for all employees, reinforcing its commitment to ethical behavior at all levels.

Examples of Company's commitment to integrity:

• A robust code of conduct that outlines expected behavior for all employees
• A confidential reporting system for employees to raise concerns without fear of retaliation
• Regular training on ethics and compliance for all employees

Sustainability

Company is committed to sustainability, focusing on reducing its environmental impact and promoting responsible business practices. Company integrates sustainability into its product design, manufacturing processes, and supply chain management. For example, Company reduced its greenhouse gas emissions by 20% in 2024 compared to its 2017 baseline, demonstrating its commitment to environmental stewardship. Additionally, 85% of Company's products are designed with sustainability in mind, focusing on energy efficiency and reduced waste.

Sustainability initiatives include:

• Developing energy-efficient products
• Reducing waste and emissions in manufacturing processes
• Using sustainable materials in products and packaging

Empowerment

Empowerment is about giving employees the resources, support, and autonomy to excel in their roles. Company fosters a culture of empowerment by encouraging innovation, providing opportunities for professional development, and recognizing employee contributions. In 2024, Company invested over $2 million in employee training and development programs, enhancing their skills and knowledge. Employee satisfaction surveys show that 80% of employees feel empowered to make decisions in their roles.

Examples of how Company empowers its employees:

• Providing ongoing training and development opportunities
• Encouraging employees to take initiative and propose new ideas
• Recognizing and rewarding employee contributions

Excellence

Company strives for excellence in all aspects of its business. This means delivering high-quality products and services, continuously improving processes, and exceeding customer expectations. Company's commitment to excellence is evident in its investment in research and development, its focus on customer satisfaction, and its dedication to continuous improvement. In 2024, Company allocated $30 million to research and development, leading to the launch of five new innovative products. Customer satisfaction scores remained above 90%, reflecting Company's dedication to meeting and exceeding customer expectations.

Initiatives to achieve excellence include:

• Investing in research and development to create innovative products
• Implementing quality management systems to ensure consistent product quality
• Seeking customer feedback to continuously improve products and services

To learn more about Company, check out: Exploring Tennant Company (TNC) Investor Profile: Who’s Buying and Why?