---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-009994"
form_type: "8-K"
ticker: "TNC"
cik: "0000097134"
company_name: "TENNANT CO"
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:52:03.735416+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tennant Q1 net income $10.3M on sales $258.1M; lowers FY adjusted EBITDA guidance to $140M-$155M

## Summary
- Net sales of $258.1M down 2% YoY; organic sales growth 0.8% with strong demand but supply constraints.
- Gross margin fell to 38.3% from 43% due to material inflation and higher freight costs.
- Adjusted EBITDA $27.9M (10.8% of sales) vs $40.7M in prior year; adjusted diluted EPS $0.73.
- Revised FY2022 guidance: net sales $1,125M-$1,170M, adj. EBITDA $140M-$155M (down from $145M-$160M).
- APAC organic sales declined 20.2% on COVID shutdowns in China; cash used in ops $10.1M.

## SEC filing metadata
- accession: 0001437749-22-009994
- form_type: 8-K
- ticker: TNC
- cik: 0000097134
- company_name: TENNANT CO
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/97134/000143774922009994/0001437749-22-009994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97134/000143774922009994/tnc20220302_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-009994
- JSON: https://secwatch.observer/filing/0001437749-22-009994.json
- Plain text: https://secwatch.observer/filing/0001437749-22-009994.txt

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