Tennant Earnings Reports

Tennant Company delivered Q3 2025 net sales of $303.3 million, down 4% year-over-year, primarily due to volume declines across regions. However, the company achieved margin expansion, posting a 120 basis point increase in adjusted EBITDA margin, and maintained strong liquidity and operational efficiency.

Tennant Company delivered solid second-quarter results, with net sales of $318.6 million and adjusted EBITDA of $51.0 million, despite a 3.7% decrease in net sales year-over-year due to volume declines across all geographies. The company saw robust underlying business fundamentals with a 4.0% increase in order rates and reaffirmed its full-year 2025 guidance.

Tennant Company reported a decrease in net sales and net income for the first quarter of 2025 compared to the same period in the prior year, primarily due to volume declines and lapping a significant backlog-reduction benefit. Despite this, the company highlighted strong order growth and reaffirmed its full-year 2025 guidance.

Tennant Company concluded 2024 with strong fourth-quarter results, driven by a 5.6% increase in net sales to $328.9 million and a 14.2% rise in adjusted EBITDA to $47.4 million. Despite a decrease in net income and diluted EPS for the quarter, the company achieved record full-year net sales of $1,286.7 million and an adjusted EBITDA margin of 16.2%, reflecting strong operational leverage.

Tennant Company reported a 3.6% increase in net sales, reaching $315.8 million, driven by strong pricing and volume growth in the Americas. Adjusted EBITDA increased by 4.4% to $47.9 million, and the company reaffirmed its 2024 guidance.

Tennant Company reported a record second quarter performance with net sales of $331.0 million, a 2.9% increase compared to the second quarter of 2023. Adjusted EBITDA was $58.6 million, an increase of $1.0 million. The company increased its full-year 2024 guidance for net sales and Adjusted EBITDA.

Tennant Company reported a 1.7% increase in net sales to $311.0 million for Q1 2024, driven by strong pricing realization. Adjusted EBITDA increased to $54.9 million, with a margin of 17.7%. The company completed strategic acquisitions, including TCS EMEA GmbH and a minority stake in Brain Corp.

Tennant Company reported a 7.0% increase in fourth-quarter net sales to $311.4 million and a 30.3% increase in net income to $31.0 million. The company's full-year net sales reached a record $1,243.6 million, a 13.9% increase from 2022, with adjusted EBITDA up 44.3% to $192.9 million.

Tennant Company reported a strong third quarter with net sales of $304.7 million, a 15.9% increase compared to the third quarter of 2022. Net income increased by 46.8% to $22.9 million. The company also increased its full-year 2023 guidance.

Tennant Company reported strong second-quarter results, with net sales reaching $321.7 million, a 14.8% increase compared to the previous year. Net income soared to $31.3 million, an 88.6% increase year-over-year, driven by strong pricing realization and volume growth.

Tennant Company reported a strong first quarter in 2023, with net income of $24.3 million on record net sales of $305.8 million. This represents an 18.5% sales growth, or 21.0% on an organic basis. The company reaffirms its full-year guidance for net sales and adjusted EBITDA.

Tennant Company reported a 5.3% increase in net sales, reaching $291.0 million, and a significant rise in net income to $23.8 million for the fourth quarter of 2022. The company's adjusted EBITDA also saw a substantial increase to $41.7 million.

Tennant Company reported a decrease in net sales by 3.3% to $262.9 million, but achieved a 1.7% organic sales increase. Net income decreased to $15.6 million, primarily driven by lower margins. The company is managing costs and addressing supply chain disruptions.

Tennant Company reported a slight increase in net sales and a rise in net income for Q2 2022, driven by higher selling prices and the absence of a prior-year debt extinguishment expense, although gross margin was lower due to inflation and currency impacts.

Tennant Company's first quarter 2022 results showed a slight decrease in net sales compared to the previous year, driven by foreign currency exchange impacts and the divestiture of the Coatings business, though organic sales increased. Gross margin decreased due to material inflation and higher freight costs. The company lowered its full-year guidance for adjusted EBITDA due to anticipated continued challenges with parts availability.

Tennant Company reported a 1.2% increase in consolidated net sales for Q4 2021, with organic sales up by 4.5%. Net income increased by $5.4 million, reflecting lower selling and administrative and interest costs. The company faced challenges including parts availability and inflationary pressures, which impacted adjusted gross margin.

Tennant Company reported a 3.9% increase in net sales to $272.0 million and a net income of $21.5 million, or $1.14 per diluted share, for the third quarter of 2021. Adjusted diluted EPS was $1.33, compared to $0.90 in the third quarter of 2020. The company's performance was impacted by global supply disruptions and labor constraints, resulting in a record level of order backlog.

Tennant Company reported a strong second quarter with net sales of $279.1 million, a 27.5% increase organically. Net income was $9.8 million, or $0.51 per diluted share, while adjusted diluted EPS was $1.18. The company affirmed its full-year 2021 guidance.

Tennant Company reported a strong first quarter with net sales of $263.3 million, a 3.1 percent organic increase, and net income of $25.7 million, or $1.37 per diluted share. The company raised its full-year guidance for net sales, adjusted EBITDA, and EPS.

Tennant Company reported a decrease in fourth-quarter net sales to $273.0 million, with an 8.9 percent decline on an organic basis. GAAP diluted earnings per share were $0.13, and adjusted diluted EPS was $0.48. The company generated $36.3 million in cash flow from operations and reduced outstanding debt by $15.2 million during the quarter. They also provided 2021 guidance.

Tennant Company reported a decrease in net sales of 7.1 percent organically, primarily due to the global business slowdown resulting from the coronavirus pandemic. Net income was $11.7 million, or $0.63 per diluted share. Adjusted diluted earnings per share were $0.90. Adjusted EBITDA was $32.6 million, or 12.4 percent of sales.

Tennant Company's second-quarter 2020 results showed a decrease in net sales by 28.6% year-over-year, primarily due to the coronavirus pandemic. Net income was $14.3 million, or $0.77 per diluted share. The company implemented cost-saving measures, resulting in $15 million in savings, though these are not expected to repeat in subsequent quarters. As of June 30, 2020, the Company had $99.3 million in cash and cash equivalents, and approximately $157 million of undrawn funds in its revolver.

Tennant Company reported a decrease in net sales by 4.0% year-over-year to $252.1 million, with a net income of $5.2 million, or $0.28 per diluted share. The results were impacted by the coronavirus pandemic, which led to temporary plant shutdowns and a slowdown in sales to some end markets.

Tennant Company reported fourth-quarter net sales of $294.8 million, a 3.4 percent increase, and GAAP diluted earnings per share of $0.59. The company's adjusted EBITDA increased to $34.0 million, or 11.5 percent of sales.