Tennant Q2 net income falls 62% to $7.6M; adjusted EBITDA margin drops to 10.9%

TENNANT CO

Net sales $324M (+1.7% YoY); orders $339.5M (+6.6%) building backlog to $127M.
GAAP diluted EPS $0.44 vs $1.08 prior year; adjusted diluted EPS $0.83 vs $1.49.
Adjusted EBITDA $35.3M (10.9% margin) down from $51M (16.0%) on ERP inefficiencies and EMEA pressure.
AMR sales ~$31M (+37% YoY); company targets $250M AMR revenue by 2028.
Full-year guidance: net sales raised to $1.27-1.31B; adjusted EBITDA lowered to $155-170M.

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