Tennant Co (TNC) Q4 2019 Earnings Call Transcript

Tennant Co (TNC) Q4 2019 Earnings Call Transcript

I would like to welcome everyone to the Tennant Company's Fourth Quarter and Full Year Earnings Conference Call.. Beginning today's meeting is Mr. William Prate, Director of Global Financial Planning and Analysis and Investor Relations for Tennant Company.. Good morning everyone and welcome to Tennant Company's fourth quarter and full year 2019 earnings conference call.. I am William Prate, Director of Global Financial Planning and Analysis and Investor Relations.. Our earnings release was issued this morning via Business Wire and is also posted on our Investor Relations website at investors.tennantco.com.. General strength in our Americas business which has recorded 10 consecutive years of organic growth offset the effect of continued broad-based macroeconomic challenges in Europe and China.. Our overall Q4 and full year results demonstrate our ability to manage reasonable growth with improved profitability.. Our key initiatives are to simplify our product portfolio, strengthen our local advantage and optimize our customer portfolio and go to market capabilities.. By adjusting our customer segmentation appropriately, we can better serve our best customers while adjusting lead times, pricing and sales support across our customer base.. In leveraging our platform product design, our first initiative is greater use of value engineering.. IPC excels in