Quarterly ResultAug 6, 2026, 02:49 PM
Tennant Q2 Net Income Plunges 62% to $7.6M; EPS $0.44
AI Summary
Tennant Company reported a significant decline in its second-quarter and first-half 2026 financial results. For Q2, net income fell 62.4% to $7.6 million, with diluted EPS at $0.44, despite a slight increase in net sales to $324.0 million. The company also reported a negative cash flow from operating activities for the first half of 2026 and increased long-term debt, while continuing share repurchases and making a minor acquisition.
Key Highlights
- Q2 2026 net income decreased 62.4% to $7.6 million from $20.2 million.
- Q2 2026 diluted EPS was $0.44, down from $1.08 in the prior year.
- Q2 2026 net sales increased 1.7% to $324.0 million.
- H1 2026 net income decreased 76.6% to $7.8 million.
- Net cash used in operating activities was $26.2 million for H1 2026.
- Long-term debt increased to $358.4 million as of June 30, 2026.
- Acquired Clean Machine for $7.7 million in February 2026.
- Repurchased $60.5 million of common stock in H1 2026.
Price Impact
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