Loading...
•
Mar 31, 2025
Tennant Q1 2025 Earnings Report
Reported first quarter 2025 results with decreased net sales and net income compared to the prior year, while reaffirming full-year guidance.
Key Takeaways
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.
Net sales for Q1 2025 were $290.0 million, a 6.8% decrease from Q1 2024.
Net income for Q1 2025 was $13.1 million, a 53.9% decrease from Q1 2024.
Adjusted EBITDA was $41.0 million, a decrease of $13.9 million compared to the first quarter of 2024.
The company reaffirmed its 2025 full-year guidance ranges.
Revenue by Geographic Location
Forward Guidance
Tennant Company reaffirms its full-year 2025 guidance ranges despite macroeconomic uncertainties, focusing on mitigating tariff impacts through supply-chain actions and pricing.
Positive Outlook
- Reaffirms full-year net sales guidance between $1,210 million and $1,250 million.
- Reaffirms adjusted diluted net income per share guidance between $5.70 and $6.20.
- Reaffirms adjusted EBITDA guidance between $196 million and $209 million.
- Reaffirms adjusted EBITDA margin guidance between 16.2% and 16.7%.
- Anticipates capital expenditures of approximately $20 million.
Challenges Ahead
- Anticipates organic net sales decline between 1.0% and 4.0%.
- Acknowledges macroeconomic uncertainties, particularly surrounding tariffs and demand.
- Focused on mitigating the impact of current tariffs.
- Challenges in predicting future developments in the dynamic environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...