secwatch.observer — SEC 8-K summary
======================================

Issuer:     TENNANT CO (TNC)
CIK:        0000097134
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000097134-25-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tennant Q1 revenue down 6.8% to $290M; diluted EPS $0.69 vs $1.49; reaffirms guidance
--------------------------------------------------------------------------------

- Net sales $290M, down 6.8% YoY (organic -5.0%), lapping a $50M backlog-reduction benefit in prior year.
- Diluted EPS $0.69; adjusted diluted EPS $1.12, down 38.1% YoY; Adjusted EBITDA $41M, margin 14.1%.
- Order rates increased 13% vs Q1 2024, marking fourth consecutive quarter above long-term targets.
- Returned $25.8M to shareholders: $5.6M in dividends and $20.2M in share repurchases (235,866 shares).
- Reaffirmed full-year 2025 guidance; actively mitigating tariff impacts via supply-chain actions and pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97134/000009713425000011/0000097134-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97134/000009713425000011/tnc-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000097134-25-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer