We are pleased to report a strong start for 2006. Our first quarter sales were driven by volume increases across all of our businesses. We continued to benefit from our successful efforts to build revenues while controlling expense growth, resulting in double-digit earnings gains.
More Quotes from Chris Killingstad:
Our expansion into China is progressing rapidly, with the facility already constructed and our China country top management team in place.Chris Killingstad
We remain solidly on track to deliver our 2006 financial goals of double-digit earnings per share growth and mid to upper single-digit revenue growth. We continue to make progress on our medium-term goal of 9.5 percent operating margins.
Chris Killingstad
We also have a strong product pipeline to help us meet our strategic growth objectives, including several exciting, new products that we plan to introduce this year. Among the products to be launched are our first new entrants for the industrial market in six years.
Chris Killingstad
I am pleased with our performance in the fourth quarter as our new products and expanded market coverage continue to deliver top-line growth while our lean and cost-saving initiatives drive leverage to the bottom line.
Chris Killingstad
We are excited that Tom is joining our senior management team. He is a seasoned CFO who brings decades of experience and knowledge in strategic financial leadership. I am confident Tom's background will enable him to guide Tennant on the course to achieving its stated financial and strategic objectives.
Chris Killingstad
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