Tennant Company Q1 2010 Earnings Call Transcript

Tennant Company (TNC)

Q1 2010 Earnings Call Transcript

April 22, 2010 11:00 am ET

Executives

Tom Paulson – VP and CFO

Chris Killingstad – President and CEO

Analysts

Ted Kundtz – Needham

Seaver Wang – HFP Capital Markets

Joe Maxa – Dougherty & Company

Rob Crystal – Goldman Sachs Asset Management

Zahid Siddique – Gabelli

Presentation

Operator

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Previous Statements by TNC
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Good morning and thank you for participating in Tennant Company's first-quarter earnings conference call. This call is being recorded. If you do not wish to participate, you may disconnect at this time. (Operator Instructions) We ask that you remain online for closing remarks by management after the question-and-answer session. Beginning today's meeting is Tom Paulson, Vice President and Chief Financial Officer for Tennant Company. Mr. Paulson, you may begin.

Tom Paulson

Thanks, Rachel. Good morning, everyone and welcome to Tennant Company's first quarter 2010 earnings conference call. I'm Tom Paulson, Vice President and Chief Financial Officer of Tennant Company. With me on the call today are Chris Killingstad, Tennant's President and CEO; Pat O'Neill, our Treasurer; and Karen Durant, our Corporate Controller.

Our agenda today is to review Tennant's performance during the quarter and our outlook for 2010. First, Chris will brief you on our operations and then I will cover the financials. After that, we will open up the call for your questions.

Before we begin, please be advised that our remarks this morning and our answers to questions may contain forward-looking statements regarding the company's expectations of future performance. Such statements are subject to risks and uncertainties and our actual results may differ materially from those contained in the statements. These risks and uncertainties are described in today's news release and the documents we file with the Securities and Exchange Commission. We encourage you to review those documents, particularly our Safe Harbor statement, for a description of the risks and uncertainties that may affect our results.