| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 297.90 | 2.7% |
| Total Income | 297.90 | 2.7% |
| Expenditure | 293.00 | 8.4% |
| PBT | 0.90 | 94.8% |
| Net Profit | 0.20 | 98.5% |
| OPM | 1.65% | 5.11pp |
| NPM | 0.07% | 4.45pp |
| EPS | 0.01 | 98.6% |
Tennant Company Reports Q1 2026 Results: Net Sales of $298 Million, Up 2.7% YoY
05 May 2026 · 5 May, 2:32 am
Summary
Tennant Company reported a 2.7% increase in net sales for the first quarter of 2026, reaching $297.9 million. The company's adjusted EBITDA was $29.1 million, or 9.8% of net sales, showing sequential improvement as operating performance strengthened. Orders increased by 10% year over year, demonstrating strong demand momentum. The company reaffirmed its 2026 expectations, citing meaningful ERP stabilization and a focus toward optimization and efficiency.
Key Highlights
- 1
Tennant Company's net sales reached $297.9 million, reflecting a 2.7% increase year over year.
- 2
Orders increased by 10% year over year, totaling $327 million and indicating strong demand.
- 3
Adjusted EBITDA amounted to $29.1 million, representing 9.8% of net sales, and showed sequential improvement.
- 4
The company deployed approximately $60 million in share repurchases year to date, equivalent to about 5% of shares outstanding at the start of the year.
- 5
Organic sales decreased by 1.9% due to volume declines in North America related to ERP impacts.
- 6
Adjusted diluted EPS was $0.58, a decrease compared to the prior year, primarily due to lower gross margin rates and ERP‑related operating costs.
Management Comments
Dave Huml
Our first quarter results reflect strong net sales growth and solid order demand as we advanced key strategic priorities across the business. We saw robust order momentum throughout the quarter, along with strong robotics growth and other exciting developments that underscore the advancement of our key growth initiatives. During the quarter, we achieved meaningful ERP stabilization, with margin impacts decreasing each month as recovery efforts progressed, and we are now turning our focus toward optimization and efficiency. We are encouraged by this positive trajectory exiting the quarter and reaffirm our 2026 expectations.
Informational and educational content only. Not investment advice.