Tennant Q1 net income sinks 98.5% to $0.2M; adjusted EPS $0.58, down 48%

TENNANT CO

2026-Q1 EPS reported $0.01 revenue$297,900,000

Net sales $297.9M (+2.7% YoY); net income $0.2M (-98.5%); diluted EPS $0.01 (-98.6%).
Adjusted EBITDA $29.1M (-29% YoY); margin 9.8% vs 14.1% a year ago.
Orders rose 10% YoY to $327M, reflecting strong end-market demand.
ERP recovery improved sequentially; labor and freight costs tied to ERP issues weighed on margins.
Deployed ~$60M in share repurchases YTD, ~5% of shares outstanding at start of year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TENNANT CO reported the quarter ended March 31, 2026 results: revenue $ 297.9, net income $ 0.2, EPS $ 0.01.

Period: the quarter ended March 31, 2026
Revenue: $ 297.9
Net income: $ 0.2
EPS: $ 0.01
Result: reported results

Exact text from the filing

today reported its financial results for the quarter ended March 31, 2026. (In millions, except per share data) Three Months Ended March 31, 2026 2025 Incr / (Decr) Net sales $ 297.9 $ 290.0 2.7 % Net income $ 0.2 $ 13.1 (98.5) % Diluted EPS $ 0.01 $ 0.69 (98.6) % Adjusted diluted EPS (a) $ 0.58 $ 1.12 (48.2) % Adjusted EBITDA (a) $ 29.1 $ 41.0 (29.0) %

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Source: SEC EDGAR

accession 0000097134-26-000012

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