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    Aaron Reid

    Senior Equity Analyst at Northcoast Research

    Aaron Reid is a Senior Equity Analyst at Northcoast Research, specializing in coverage of consumer and retail companies, including names such as Walmart, Dollar General, Target, and Costco. Known for his detailed channel checks and robust forecasts, Reid has consistently ranked as a top-performing analyst on independent platforms, maintaining a success rate of over 60% and generating above-market returns on his stock recommendations. He began his analyst career in the early 2010s and joined Northcoast Research in 2017, following prior roles at regional boutique investment firms and industry research consultancies. Reid holds multiple FINRA securities licenses, including Series 7 and 63, and is recognized for his insightful sector reports and client advisory, earning industry accolades for both accuracy and client impact.

    Aaron Reid's questions to TENNANT (TNC) leadership

    Aaron Reid's questions to TENNANT (TNC) leadership • Q3 2024

    Question

    Aaron Reid asked what is required in Q4 to achieve full-year guidance, how AMR is performing against expectations, and whether extended replacement cycles in the rental channel could be offset by higher parts and consumables sales.

    Answer

    CEO David Huml explained that hitting the guidance midpoint requires strong Q4 order growth, building on recent momentum, in addition to a final $21 million in backlog reduction. He expressed strong optimism for AMR, highlighting its long-term disruptive potential and the success of the X4 ROVR. Huml clarified that the extended replacement cycle issue is confined to the rental channel and is not a broad market trend, while expressing confidence in the company's multiple other growth levers.

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