Earnings ·
Tennant Company reported second quarter 2026 results with net sales of $324 million, a 1.7% increase year-over-year…
TNCTennant Co
Tennant Company reported second quarter 2026 results with net sales of $324 million, a 1.7% increase year-over-year, driven by price realization and foreign currency effects offsetting organic volume declines in EMEA and APAC. Adjusted EBITDA fell to $35.3 million (10.9% margin) from $51.0 million in the prior year period due to residual ERP-related inefficiencies in North America and pricing pressures in Europe, Middle East, and Africa. Robotics sales grew 37% to approximately $31 million. The company raised full-year net sales guidance to $1.270–$1.310 billion but lowered Adjusted EBITDA guidance to $155–$170 million. Tennant Company operates in the industrial cleaning equipment industry, designing and manufacturing solutions for commercial, industrial, and outdoor environments.