Quarterly ResultAug 6, 2026, 06:09 AM
Tennant Q2 Net Sales $324M, EPS $0.44; Lowers EBITDA Guidance
AI Summary
Tennant Company reported mixed second quarter 2026 results, with net sales increasing 1.7% to $324.0 million, driven by order growth and robotics momentum. However, profitability declined significantly, with diluted EPS falling 59.3% to $0.44 and Adjusted EBITDA decreasing 30.8% to $35.3 million, primarily due to residual ERP inefficiencies and EMEA cost pressures. The company raised its full-year net sales guidance but lowered its full-year Adjusted EBITDA guidance, reflecting slower-than-expected margin recovery.
Key Highlights
- Net sales increased 1.7% to $324.0 million in Q2 2026.
- Diluted EPS decreased 59.3% to $0.44 in Q2 2026.
- Adjusted EBITDA declined 30.8% to $35.3 million in Q2 2026.
- Orders grew 6.6% year over year to $339.5 million.
- Robotics AMR sales increased 37% year over year to $31 million.
- Full-year net sales guidance raised to $1.270 - $1.310 billion.
- Full-year Adjusted EBITDA guidance lowered to $155 - $170 million.
Price Impact
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