| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 324.00 | 8.8% | 1.7% |
| Total Income | 324.00 | 8.8% | 1.7% |
| Expenditure | 308.10 | 5.2% | 7.0% |
| PBT | 10.30 | 1044.4% | 62.3% |
| Net Profit | 7.60 | 3700.0% | 62.4% |
| OPM | 4.91% | 3.26pp | 4.70pp |
| NPM | 2.35% | 2.28pp | 3.99pp |
| EPS | 0.44 | 4300.0% | 60.0% |
Tennant Company Reports Q2 2026 Results: Net Sales Up 1.7%, Robotics Momentum Continues
06 Aug 2026 · 6 Aug, 3:39 pm
Summary
Tennant Company announced second quarter 2026 results with net sales reaching $324.0 million, a 1.7% increase year-over-year, driven by price realization and favorable foreign currency effects. While order growth of 6.6% and continued robotics momentum were positive, Adjusted EBITDA declined to $35.3 million due to residual ERP inefficiencies and margin pressures in EMEA. Management is raising full-year net sales guidance but lowering Adjusted EBITDA guidance to reflect first-half performance and a more measured pace of margin recovery.
Key Highlights
- 1
Tennant Company reported net sales of $324.0 million for the second quarter of 2026, a 1.7% increase over the prior-year period.
- 2
Orders increased by 6.6% year over year to $339.5 million, building backlog to $127 million, indicating healthy underlying demand.
- 3
Robotics momentum continued with Autonomous Mobile Robot (AMR) sales increasing 37% year over year to approximately $31 million.
- 4
Adjusted EBITDA for the second quarter was $35.3 million, or 10.9% of net sales, a decrease compared to the prior year due to margin pressures.
- 5
Adjusted diluted EPS was $0.83 for the quarter, down from $1.49 in the prior-year period, primarily due to lower gross margin rates and higher operating costs.
- 6
Full-year net sales guidance was raised to $1.270 - $1.310 billion, while full-year Adjusted EBITDA guidance was lowered to $155 - $170 million.
Management Comments
Dave Huml
Our second quarter results reflect solid demand and order growth, though margin recovery progressed more slowly than we expected. Orders grew across most of our regions, robotics revenue grew approximately 37%, and backlog continued to build, underscoring the strength of underlying demand for our products. At the same time, residual ERP-related inefficiencies in North America and margin pressure in EMEA weighed on profitability more than we anticipated. We are taking targeted actions to address these challenges. Reflecting the strength of our order book, backlog, and continued robotics momentum, we are raising our full-year net sales guidance while lowering our full-year Adjusted EBITDA guidance range to reflect both the profitability impacts experienced in the first half of the year and a more measured pace of margin recovery in the second half.
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