secwatch.observer — SEC 8-K summary
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Issuer:     TENNANT CO (TNC)
CIK:        0000097134
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0000097134-26-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97134/000009713426000012/0000097134-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97134/000009713426000012/tnc-20260504.htm
  HTML page:      https://secwatch.observer/filing/0000097134-26-000012

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