Every material Form 8-K Tennant filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
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
Tennant reported first-quarter 2026 net sales of $297.9 million, up 2.7% from a year earlier, but net income fell to $0.2 million from $13.1 million and adjusted diluted EPS fell to $0.58 from $1.12. The company reaffirmed its full-year 2026 guidance, which includes net sales of $1,240 million to $1,280 million and adjusted diluted EPS of $4.70 to $5.30, while lower margins tied to ERP recovery weighed on profit.
Net sales were $297.9 million, up 2.7%, while organic sales declined 1.9%.
Net income was $0.2 million, or $0.01 per diluted share, versus $13.1 million, or $0.69, a year earlier.
Adjusted EBITDA was $29.1 million, with a 9.8% margin, versus $41.0 million and 14.1% a year earlier.
Full-year 2026 guidance was reaffirmed, including adjusted diluted EPS of $4.70 to $5.30.
Tennant Company disclosed that Barb Balinski, its Senior Vice President and Chief Transformation Officer, gave notice on February 26, 2026 of her intention to retire on September 3, 2026. The filing does not name a successor or describe any change to company results or guidance.
Barb Balinski, age 62, is Senior Vice President and Chief Transformation Officer.
She gave notice on February 26, 2026 of her intention to retire.
Tennant Company reported fourth-quarter and full-year 2025 results with a fourth-quarter net loss of $4.4 million, tied to disruption from its North America ERP system go-live. Full-year 2025 net sales and adjusted EBITDA came in below the company's prior guidance ranges, and net income fell 47.7% from 2024. The company also forecast 2026 net sales of $1,240 million to $1,280 million and expects margins to improve gradually through the year, with a weaker first quarter.
Q4 2025 net sales were $291.6 million, down 11.3% from $328.9 million; net loss was $4.4 million, or $0.23 per diluted share, versus net income of $6.6 million a year earlier
Full-year 2025 net sales of $1,203.5 million fell below the $1.21 billion to $1.25 billion guidance range; adjusted EBITDA of $167.4 million fell below the $196 million to $209 million range
The company estimates the ERP disruption reduced Q4 2025 net sales by roughly $30 million and adjusted EBITDA by about $22 million
2026 guidance includes net sales of $1,240 million to $1,280 million and diluted EPS of $4.05 to $4.65; a two-week manufacturing shutdown in early January will significantly affect first-quarter sales and costs
Tennant entered a cooperation agreement with Vision One Fund, LP and affiliates on February 12, 2026, adding Patrick E. Allen and James T. Glerum, Jr. to its board and committing to declassify the board. The deal sets standstill and voting terms that run until the expiration date tied to the 2027 annual meeting, and it does not report any financial results.
Patrick E. Allen appointed as a Class II director, with a term expiring at the 2027 annual meeting; Vision One recommended him as a candidate.
James T. Glerum, Jr. appointed as a Class III director, with a term expiring at the 2028 annual meeting; he retired as Vice Chairman, Investment Banking at Citigroup in July 2024.
Board will not increase beyond eleven directors until the 2027 annual meeting announcement; by the earlier of the 2027 annual meeting or sixteen months after the agreement, the company will seek approval to declassify the board.
Both new directors join the Executive Committee effective February 12, 2026, and the Audit Committee effective March 1, 2026; the 2026 annual meeting is expected April 29, 2026.
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