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Tennant Company (TNC) Q2 2021 Earnings Call Transcript

Operator Good morning. My name is Debra, and I will be your conference operator today. At this time, I would like to welcome everyone to the Tennant Company s 2021 Second Quarter Earnings Conference call. This call is being recorded. There will be time for Q&A at the end of the call. [Operator Instructions) After the Q&A, please stay on the line for closing remarks from management. If you have joined our call today via telephone and logged onto the conference call presentation on your computer, please mute the audio on your computer to avoid potential quality issues during this call. Thank you for participating in Tennant Company s 2021 Second Quarter Earnings Conference Call. Beginning today s meeting is Mr. William Prate, Senior Director of Global Financial Planning and Analysis and Investor Relations for Tennant Company. Mr. Prate, you may begin your conference.

Wet Vacuum Cleaner Market is Likely to Deliver Dynamic Progression during the Period 2021-2026 – KSU

Opportunity Analysis and Industry Forecast, 2019–2026,” The global wet vacuum cleaner market size was valued at $1.0 billion in 2018, and is projected to reach $1.4 billion by 2026, registering a CAGR of 4.1% from 2019 to 2026.The wired segment was the highest contributor to the market, with $606.8 million in 2018, and is estimated to reach $799.8 million by 2026, at a CAGR of 3.6% during the forecast period. The key players operating in the wet vacuum cleaner industry are Alfred Kärcher SE & Co. KG, Tennant Company, Nilfisk Group, Koninklijke Philips N.V. , AB Electrolux, Tineco Intelligent Technology, Delfins, Bissell Group, Hako Group, and Shop V   Wet vacuum cleaners are electrical appliances that are used to collect liquid spills as well as dust and are far more flexible & versatile than the regular vacuum cleaners. The wet vacuum cleaner is a cleaning device that is designed to collect liquid spills as well as dry dust. Wet vacuum cleaners were primarily used for heavy

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