Tennant Q3 Sales Rise 6.2% to $322.3 Million; Adjusted EPS $1.40

Tennant reported third-quarter 2026 net sales of $322.3 million, up 6.2% year over year, and net income of $19.5 million. Adjusted diluted EPS was $1.40, while adjusted EBITDA was $48.8 million. The company reaffirmed its full-year 2026 guidance.

Financial Highlights

• Net sales were $322.3 million, compared with $303.3 million in the prior-year quarter.
• Gross profit was $136.3 million, and gross margin was 42.3%, down 40 basis points year over year. The quarter included a $6.1 million benefit from tariff refunds; excluding that benefit, gross margin was approximately 40.4%.
• Operating income was $31.2 million, compared with $22.3 million a year earlier.
• Net income was $19.5 million, up from $14.9 million in the third quarter of 2025.
• Adjusted diluted EPS was $1.40, compared with $1.46 in the prior-year period.

Business Highlights

• Orders increased 9.5% year over year, and backlog was approximately $118 million at quarter-end, supporting visibility into the fourth quarter.
• Robotics momentum continued, with increased customer adoption across equipment and autonomy subscriptions. Tennant also launched the P1 autonomous vacuum to serve additional customer applications and price points.
• North America and the broader Americas drove volume growth, while parts availability constraints and ERP-related inefficiencies continued to limit shipments and affect fulfillment.
• Demand remained uneven across regions: EMEA saw mixed market conditions, while APAC faced softer demand and distributor overstock; India was a source of volume growth.

Original SEC Filing: TENNANT CO [ TNC ] - 8-K - Nov. 02, 2026