Edith Priscilla's questions to Tennant Co (TNC) leadership • Q3 2024
Question
Edith Priscilla asked about the nature of the elevated freight costs and inflationary pressures, questioning if they represent a temporary headwind or a more persistent issue into 2025.
Answer
CEO David Huml characterized the pressures as a temporary headwind, attributing them to global freight disruptions and proactive, short-term actions taken by the company to mitigate potential port strikes. CFO Fay West added that despite these quarterly pressures, the company expects full-year pricing to offset inflation and still anticipates achieving gross margin expansion for the full year 2024.