Nov 2, 4:34 PM ET
Tennant reported third-quarter 2026 net sales of $322.3 million, up 6.2% from a year earlier, and GAAP net income of $19.5 million, up from $14.9 million. Adjusted EBITDA fell 2.0% to $48.8 million, and adjusted diluted EPS declined 4.1% to $1.40, as cost pressures and higher operating spending offset higher volume and pricing. The company reaffirmed its full-year 2026 guidance, which keeps net sales at $1,270 million to $1,310 million.
- Net sales $322.3 million, up 6.2%; organic growth 5.7%, with volume up 4.1 points and price up 1.6 points
- Adjusted EBITDA $48.8 million, a 15.1% margin, versus $49.8 million and 16.4% a year earlier
- GAAP net income $19.5 million and diluted EPS $1.12, versus $14.9 million and $0.80; adjusted diluted EPS $1.40 versus $1.46
- 2026 guidance reaffirmed: net sales $1,270 million to $1,310 million; adjusted diluted EPS $3.80 to $4.45; backlog about $118 million
Read the filing on SEC.gov ↗
Aug 5, 6:41 PM ET
Tennant reported second-quarter 2026 net sales of $324.0 million, up 1.7%, while adjusted EBITDA fell 30.8% to $35.3 million and net income fell to $7.6 million from $20.2 million. The company raised full-year net sales guidance to $1.270 billion to $1.310 billion but lowered full-year adjusted EBITDA guidance to $155 million to $170 million, citing slower margin recovery. For shareholders, sales growth was offset by weaker profitability and lower operating cash flow.
- Diluted EPS was $0.44 versus $1.08 a year earlier; adjusted diluted EPS was $0.83 versus $1.49.
- Adjusted EBITDA margin was 10.9% versus 16.0%, and gross profit margin was 39.5%, down 260 basis points.
- Full-year net sales guidance was raised to $1.270 billion to $1.310 billion; adjusted EBITDA guidance was lowered to $155 million to $170 million.
- Operating cash flow was $5.0 million in the quarter, down $17.5 million; the company will hold a conference call on August 6, 2026.
Read the filing on SEC.gov ↗
Jul 30, 9:15 AM ET
Tennant Company said Chief Financial Officer Fay West has given notice she will retire after a successor is hired and a transition period occurs, with retirement expected in the second quarter of 2027 and no earlier than April 2, 2027. The company has started searching for a successor and aims to name one by the first quarter of 2027, so shareholders get a long runway for the handover.
- Fay West gave notice on July 27, 2026, of her intention to retire as SVP and Chief Financial Officer
- Retirement expected in the second quarter of 2027, no earlier than April 2, 2027
- Company aims to name a successor by the first quarter of 2027
- CEO Dave Huml thanked West for her role in financial discipline and the company's growth strategy
Read the filing on SEC.gov ↗
Jun 17, 9:29 AM ET
Tennant Company appointed Richard H. (Rusty) Zay, its Senior Vice President and Chief Commercial Officer, as Chief Operating Officer effective July 1, 2026. The company said the promotion expands his responsibilities to include customer-facing business units, supply chain, manufacturing, R&D and marketing, and granted him $400,000 in incremental equity awards.
- Richard H. (Rusty) Zay, age 55, named Chief Operating Officer effective July 1, 2026
- Zay has been Chief Commercial Officer since March 2021 and joined Tennant in June 2010
- Incremental equity awards valued at $400,000, split 50% restricted stock units and 50% performance-based restricted stock units
- Zay's new role covers global customer-facing units, supply chain, manufacturing operations, R&D and marketing
Read the filing on SEC.gov ↗
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