Tennant Company

81.19+0.04 (+0.05%)

Oct 29, 4:00:01 PM EDT · NYSE · TNC · USD

Upcoming Earnings

Report date

Nov 3, 2025 (in 4 days)

Key Stats

Market Cap

1.50B

P/E (TTM)

25.29

Basic EPS (TTM)

3.21

Dividend Yield

0.01%

Recent Filings

10-Q

Q2 FY2025 results

8/7/25Aug 7, 2025

Tennant Company's Q2 net sales dipped 3.7% year-over-year to $318.6 million, with organic declines of 4.5% from softer volumes across regions, though a 0.8% currency tailwind cushioned the blow; gross margin slipped to 42.1% amid mix shifts and inflation, yet operating income held at $30.6 million, down 20.7% y/y. Diluted EPS fell to $1.08 from $1.45, aligning with 18.7 million weighted shares and no anti-dilution flags. Cash from operations edged up to $22.1 million YTD, funding $10.8 million capex for free cash flow of $11.3 million (derived), while $80.1 million in cash backs $213.8 million debt under a $650 million revolver with $434.3 million available; the TCS acquisition closed February 2024 for $34.9 million cash, adding EMEA reach. Stock buybacks totaled $33.6 million YTD. Yet competition in Europe and China pressures pricing.

8-K

Q2 sales dip, orders up

8/6/25Aug 6, 2025

Tennant Company reported Q2 2025 net sales of $318.6 million, down 3.7% from last year due to volume declines lapping a $26 million backlog benefit, yet order rates rose 4% signaling robust demand. Adjusted EBITDA fell to $51 million at 16% margin amid mix shifts and inflation, while the firm returned $18.8 million to shareholders via dividends and buybacks. It launched the Z50 Citadel outdoor sweeper to tap new markets. Guidance holds steady despite tariff risks; momentum builds.

8-K

Shareholders back Tennant directors

5/2/25May 2, 2025

Tennant Company shareholders overwhelmingly elected directors Andrew P. Hider, David W. Huml, David Windley, and Mark W. Sheahan at the April 29, 2025 annual meeting, with each receiving over 95% support. They ratified Deloitte & Touche LLP as auditors for the year ending December 31, 2025, and gave advisory approval to executive compensation by a 95% margin. Strong turnout signals investor confidence. No major dissent emerged.

10-Q

Q1 FY2025 results

5/1/25May 1, 2025

Tennant Company's Q1 FY2025 net sales fell 6.8% y/y to $290.0M, driven by a 5.0% organic decline from broad volume drops across geographies, plus a 2.1% foreign currency headwind, though acquisitions added 0.3%. Gross margin slipped to 41.4% from 44.2%, reflecting unfavorable product mix and inflation, while operating income dropped to $19.6M from $37.5M amid $1.5M in restructuring costs; diluted EPS declined to $0.69 from $1.49, consistent with 18.96M weighted shares. Cash from operations turned negative at $(0.4)M versus $2.9M y/y, with free cash flow at $(7.4)M (derived); cash stood at $79.5M, backed by $434.3M revolver availability under the 2024 Credit Agreement maturing 2029, while total debt rose to $213.8M. The February 2024 TCS acquisition for $34.9M (cash) boosted EMEA with $9.4M goodwill and $13.8M intangibles (10-year life). Yet competition in mid-tier markets like China pressures pricing.

8-K

Tennant Q1 sales dip 6.8%

4/30/25Apr 30, 2025

Tennant Company posted Q1 2025 net sales of $290 million, down 6.8% from $311 million last year, as North America lapped a $50 million backlog-reduction boost while orders surged 13%. Adjusted EBITDA fell to $41 million with a 14.1% margin, hit by volume drops and mix shifts, yet the firm returned $25.8 million to shareholders. Guidance holds steady at $1,210-$1,250 million sales despite tariff headwinds. Orders keep climbing.

About

Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments; distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and others. The company markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

CEO

Mr. David W. Huml

IPO

2/22/1973

Website

https://www.tennantco.com

Employees

4,500

Sector

Industrials

Industry

Specialty Industrial Machinery