---
schema_version: "secwatch.filing_event.v1"
accession: "0000097134-23-000048"
form_type: "8-K"
ticker: "TNC"
cik: "0000097134"
company_name: "TENNANT CO"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:52:17.984991+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tennant Q2 net sales $321.7M, adj EPS $1.86; FY guidance raised

## Summary
- Net sales $321.7M (+14.8% YoY); net income $31.3M ($1.68 diluted EPS, adj. $1.86).
- Adjusted EBITDA $57.6M (17.9% margin, +710 bps YoY).
- Full-year 2023 guidance raised: net sales $1.2-1.25B, adj. EBITDA $175-190M.
- Operating cash flow $39.1M; returned $9.9M via dividends/repurchases; backlog reduced to $255M.
- Organic sales growth 15.0% driven by Americas (+21.7%), price + volume.

## SEC filing metadata
- accession: 0000097134-23-000048
- form_type: 8-K
- ticker: TNC
- cik: 0000097134
- company_name: TENNANT CO
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97134/000009713423000048/0000097134-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97134/000009713423000048/tnc-20230804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000097134-23-000048
- JSON: https://secwatch.observer/filing/0000097134-23-000048.json
- Plain text: https://secwatch.observer/filing/0000097134-23-000048.txt

## Key facts
- Earnings Releases
  TENNANT CO reported the second quarter ended June 30, 2023 results: revenue $321.7 million, net income $31.3 million, EPS $1.68. Guidance raised.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $321.7 million
  - Net income: $31.3 million
  - EPS: $1.68
  - Guidance: raised
  - Result: reported results
  source text: $ 0.89 89.1 % Adjusted diluted EPS $ 1.86 $ 0.92 102.6 % Adjusted EBITDA $ 57.6 $ 30.3 90.1 % Adjusted EBITDA margin % 17.9 % 10.8 % 710 bps Highlights • Delivered net sales of $321.7 million for the second quarter of 2023, an increase of 14.8% from the second quarter of 2022, or 15.0% on an organic basis. The increase was primarily due to strong pricing realization
  evidence_url: https://www.sec.gov/Archives/edgar/data/97134/000009713423000048/0000097134-23-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.