Earnings Releases·Nov 2, 2026, 4:34 PM ET

Tennant Company — Third Quarter 2026 Earnings Summary

Net sales rose 6.2% year-over-year to $322.3 million, while net income surged 30.9% to $19.5 million and diluted EPS increased 40.0% to $1.12; however, adjusted diluted EPS declined 4.1% to $1.40 and adjusted EBITDA fell 2.0% to $48.8 million.
The company reaffirmed full-year 2026 guidance ranges for net sales ($1,270M–$1,310M), adjusted diluted EPS ($3.80–$4.45), and adjusted EBITDA ($155M–$170M).
Robotics revenue grew 71% year-over-year to $37.3 million following the launch of the P1 autonomous vacuum, while Americas organic sales increased 8.1% and APAC organic sales declined 4.8%.
Total backlog reached approximately $118 million, supported by a 9.5% year-over-year increase in orders, though part availability constraints in North America impacted shipments and contributed to production inefficiencies.
Shareholders received $5.2 million in dividends, and the company repurchased common stock to reduce weighted average shares outstanding, maintaining a net leverage ratio of 2.0 times.