Tennant Company Reports Q1 2025 Financial Results

Tennant Company ( (TNC) ) has released its Q1 earnings. Here is a breakdown of the information Tennant Company presented to its investors.

Tennant Company, a global leader in designing and manufacturing cleaning solutions, reported its financial results for the first quarter of 2025. The company, known for its innovative cleaning technologies and extensive global service network, operates in the industrial and commercial cleaning equipment sector.

In the first quarter of 2025, Tennant Company reported net sales of $290 million, a 6.8% decline from the previous year, primarily due to volume declines across all geographies. Despite the decrease in sales, the company maintained strong order growth, with order rates increasing by 13% compared to the first quarter of 2024.

The company’s adjusted EBITDA for the quarter was $41 million, reflecting a 25.3% decrease from the prior year, with an adjusted EBITDA margin of 14.1%. Tennant returned $25.8 million to shareholders through dividends and share repurchases, aligning with its capital allocation priorities. The company also reaffirmed its 2025 guidance, focusing on mitigating the impact of tariffs through supply-chain actions and pricing strategies.

Tennant’s net income for the first quarter was $13.1 million, down from $28.4 million in the same period last year. The decrease in net income was attributed to lower operating performance and volume declines. However, the company remains committed to its strategic initiatives, including investments in ERP modernization to drive future operational efficiencies.

Looking ahead, Tennant Company remains focused on delivering its full-year results within the 2025 guidance range, despite macroeconomic uncertainties. The management is closely monitoring the economic environment and implementing strategies to address challenges, aiming to maintain a strong financial position and continue returning value to shareholders.