Earnings summaries and quarterly performance for TENNANT.
Executive leadership at TENNANT.
David Huml
Detailed
President and Chief Executive Officer
CEO
Barbara Balinski
Detailed
Senior Vice President, Chief Transformation Officer
Fay West
Detailed
Senior Vice President, Chief Financial Officer
Kristin Erickson
Detailed
Senior Vice President, General Counsel and Corporate Secretary
Richard Zay
Detailed
Senior Vice President, Chief Commercial Officer
Board of directors at TENNANT.
Research analysts who have asked questions during TENNANT earnings calls.
Steve Ferazani
Sidoti & Company
4 questions for TNC
Also covers: AROC, ASTE, BRC +16 more
Aaron Reed
Northcoast Research
3 questions for TNC
Also covers: AIT, RAIL
Thomas Hayes
CL King & Associates
2 questions for TNC
Also covers: CSWI, EPAC, VMI
Aaron Reid
Northcoast Research
1 question for TNC
Edith Priscilla
Northcoast Research
1 question for TNC
Iva Prcela
Northcoast Research
1 question for TNC
Recent press releases and 8-K filings for TNC.
Tennant Company Reports Q3 2025 Results with Organic Sales Decline and Margin Expansion
TNC
Earnings
Guidance Update
Demand Weakening
- Tennant Company reported net sales of $303 million for Q3 2025, representing an organic decline of 5.4% compared to the prior year, primarily due to lower sales volumes across all geographies.
- Despite the sales decline, the company expanded gross margins by 30 basis points to 42.7% and improved Adjusted EBITDA margin by 120 basis points to 16.4%. Adjusted EPS increased 5% to $1.46 per diluted share.
- TNC returned $28 million to shareholders in Q3 through dividends and share repurchases, and announced a 5.1% increase to its annual dividend, marking the 54th consecutive year of increase.
- The company successfully completed the APAC go-live for its ERP modernization project and saw year-to-date sales growth of 9% and unit volume growth of 25% in its AMR robotics business.
- For the full year 2025, TNC anticipates net sales to be within its previously guided range of $1.21-$1.25 billion and Adjusted EBITDA between $196-$209 million, though organic growth is now projected to be slightly below the initial guidance range of -1% to -4% due to macroeconomic volatility and tariff-related pressures.
Nov 4, 2025, 3:00 PM
Tennant Company Announces Q3 2025 Results and Full-Year Guidance
TNC
Earnings
Guidance Update
Share Buyback
- Tennant Company reported net sales of $303.3 million for Q3 2025, reflecting a 5.4% organic decline compared to $316 million in Q3 2024.
- Adjusted Diluted EPS increased to $1.46 per share in Q3 2025 from $1.39 per share in Q3 2024, and Adjusted EBITDA reached $49.8 million with a 16.4% margin, an improvement of 120 basis points.
- The company returned $28.1 million to shareholders in Q3 2025, comprising $22.7 million in share repurchases and $5.4 million in dividends, bringing the year-to-date capital return total to $72.7 million.
- For the full year 2025, Tennant anticipates an organic net sales decline of (3.0)% – (5.0)% and Adjusted EBITDA margin expansion of 0-50 bps.
Nov 4, 2025, 3:00 PM
Tennant Company Reports Q3 2025 Results and Updates Full-Year Guidance
TNC
Earnings
Guidance Update
Demand Weakening
- Tennant Company reported Q3 2025 net sales of $303.3 million, a 5.4% organic decline, compared to a prior year quarter that benefited from a significant backlog reduction.
- Adjusted EPS increased 5% year-over-year to $1.46 per diluted share, driven by operational improvements and share repurchases, while adjusted net income rose 2.6% to $27.3 million.
- The company expanded its gross margin by 30 basis points to 42.7% and achieved a 120 basis point increase in adjusted EBITDA margin to 16.4%.
- TNC returned $28.1 million to shareholders through dividends and share repurchases in Q3 2025, and announced a 5.1% increase in its annual dividend to $0.31 per share.
- For full-year 2025, net sales are expected within $1.21 billion to $1.25 billion, but organic growth is projected slightly below the initial negative 1% to negative 4% range; adjusted EBITDA is anticipated near the lower end of the $196 million to $209 million guidance range, partly due to demand softening in North American industrial sectors from tariff uncertainty.
Nov 4, 2025, 3:00 PM
Tennant Company Reports Q3 2025 Results
TNC
Earnings
Dividends
Guidance Update
- Tennant Company reported net sales of $303.3 million for the third quarter of 2025, a 4.0% decrease compared to the third quarter of 2024, primarily driven by volume decreases across most geographies.
- The company achieved Adjusted EBITDA of $49.8 million in Q3 2025, an increase of 4.0% from the prior-year period, with an Adjusted EBITDA margin of 16.4%, up 120 basis points.
- Adjusted diluted EPS increased by 5.0% to $1.46 in the third quarter of 2025, compared to $1.39 in Q3 2024.
- Tennant Company announced a 5.1% increase in its quarterly cash dividend to $0.31 per share and returned $28.0 million to shareholders through dividends and share repurchases during the quarter.
- The company is reaffirming its 2025 net sales, Adjusted EBITDA, and EPS guidance based on its business outlook for the fourth quarter.
Nov 3, 2025, 9:19 PM
Tennant Company Reports Q3 2025 Results, Reaffirms Full-Year Guidance
TNC
Earnings
Guidance Update
Dividends
- Tennant Company reported net sales of $303.3 million for the third quarter of 2025, representing a 4.0% decrease from the third quarter of 2024, primarily due to volume decreases across most geographies.
- Despite the sales decline, the company achieved Adjusted EBITDA of $49.8 million, a 4.0% increase compared to the prior-year period, with its Adjusted EBITDA margin expanding by 120 basis points to 16.4%. Adjusted diluted EPS also increased by 5.0% to $1.46.
- The company reaffirmed its 2025 net sales, Adjusted EBITDA, and EPS guidance, projecting net sales between $1.210 billion and $1.250 billion and Adjusted EBITDA between $196 million and $209 million.
- Tennant announced a 5.1% increase in its quarterly cash dividend to $0.31 per share, marking the 54th consecutive year of increasing its annual cash dividend payout, and returned $28.0 million to shareholders through dividends and share repurchases during the quarter.
Nov 3, 2025, 9:00 PM
Tennant Company Discusses Growth Strategy and H1 2025 Performance
TNC
New Projects/Investments
M&A
Demand Weakening
- Tennant Company, a global leader in the cleaning equipment market, aims for 3%-5% organic top-line sales growth and 50-100 basis points of bottom-line EBITDA expansion, along with 100% free cash flow conversion from net income.
- The company plans to add approximately $150 million in top-line net sales through acquisitions over the 2024-2026 period, focusing on its core mechanized cleaning equipment space, adjacent categories, and channel expansion.
- Robotics, a key growth driver, currently accounts for 6% of sales, with over $300 million in robots sold and 10,000 units deployed in the last four to five years.
- For the first half of 2025, incoming order rates were strong, with a 13% increase in Q1 and a 4% increase in Q2, leading to an overall 7% order rate for the period.
- The company identifies ongoing tariff uncertainty as a major challenge and risk in the marketplace.
Sep 18, 2025, 3:30 PM
Tennant Company Discusses Strategic Growth and Market Outlook
TNC
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- Tennant Company is a global leader in the $9 billion floor cleaning equipment market, holding a 14% global share, and is strategically focused on robotic cleaning equipment, which currently represents 6% of sales.
- The company has committed to 3%-5% top-line growth, 50-100 basis points of bottom-line EBITDA expansion, and a target of 100% free cash flow conversion from net income.
- In the first half of 2025, Tennant reported strong incoming order rates, up 13% in Q1 and 4% in Q2, leading to a 7% increase for the first half, despite a net sales trend that appears to decline due to the unwind of $125 million in backlog in 2024 and an additional $50 million remaining in the second half of 2025.
- Tennant aims to add $150 million in top-line net sales through acquisitions between 2024 and 2026, targeting its core market, adjacent categories, channel expansion, and robotics/connected autonomy.
- A primary market challenge is tariff uncertainty, which is considered a greater risk than Fed interest rates, although no softening demand signals were observed in Q2 2025.
Sep 18, 2025, 3:30 PM
Tennant Company Outlines Growth Strategy and Addresses Market Challenges
TNC
New Projects/Investments
Guidance Update
M&A
- Tennant Company, a global leader in the $9 billion cleaning equipment market, is driving growth through innovation, particularly in robotic cleaning equipment, which now represents 6% of sales with 10,000 units deployed and over $300 million in sales in the last 4.5-5 years.
- The company is committed to achieving 3% to 5% top-line growth, 50 to 100 basis points of bottom-line EBITDA expansion, and 100% free cash flow conversion from net income.
- Tennant reported strong incoming order rates for the first half of 2025, with Q1 up 13% and Q2 up 4%, resulting in a 7% overall order rate.
- Management plans to add $150 million in net sales through acquisitions from 2024-2026, targeting core market expansion, robotics, and adjacent categories.
- The company is navigating market uncertainty, particularly concerning tariffs, which are seen as a significant challenge and risk , while also managing the optics of revenue decline due to the unwind of $125 million in backlog in 2024 and an additional $50 million in 2025.
Sep 18, 2025, 3:30 PM
Tennant Company Discusses H1 2025 Performance and Growth Strategy
TNC
New Projects/Investments
Guidance Update
M&A
- Tennant Company aims for 3%-5% top-line growth and 50-100 basis points of bottom-line EBITDA expansion, targeting 100% free cash flow conversion from net income.
- The company plans to add approximately $150 million in top-line net sales through acquisitions over the 2024-2026 period, focusing on defending its core market, adjacent categories, and channel expansion.
- Robotics is a key growth driver, with 10,000 units deployed and over $300 million in robot sales in the last 4.5-5 years, currently representing 6% of sales.
- Despite a challenging economic environment and tariff uncertainties, Tennant reported strong incoming order rates in the first half of 2025, with 13% growth in Q1 and 4% in Q2, averaging 7% for the half.
- The company is managing a $125 million backlog unwind in 2024, with $75 million in the first half and $50 million remaining for the second half of 2025, which has impacted reported revenue trends.
Sep 18, 2025, 3:30 PM
Tennant Reports Q2 2025 Financial Results and Reaffirms Full-Year Guidance
TNC
Earnings
Guidance Update
Demand Weakening
- Tennant Company reported Q2 2025 net sales of $319 million, a decrease from $331 million in Q2 2024, primarily driven by volume declines across all geographies.
- Net income for Q2 2025 was $20.2 million and adjusted diluted EPS was $1.49, compared to $27.9 million and $1.83 respectively in Q2 2024.
- The company reaffirmed its full-year 2025 guidance, projecting net sales between $1.210 billion and $1.250 billion and adjusted diluted EPS between $5.70 and $6.20.
- Long-term growth targets include 3% - 5% organic net sales growth and 50-100bps adjusted EBITDA margin expansion.
Sep 18, 2025, 3:30 PM
Quarterly earnings call transcripts for TENNANT.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more