Tennant Company ( (TNC) ) has released its Q2 earnings. Here is a breakdown of the information Tennant Company presented to its investors.
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Tennant Company, headquartered in Eden Prairie, Minnesota, is a global leader in designing and manufacturing cleaning solutions for industrial, commercial, and outdoor environments, with a strong emphasis on sustainable technologies.
In its second quarter of 2025, Tennant Company reported net sales of $319 million, marking a 3.7% decline from the previous year, alongside a net income of $20.2 million. Despite the decrease in sales, the company experienced a 4% increase in order rates, indicating robust underlying business fundamentals.
Key financial metrics for the quarter included an adjusted EBITDA of $51 million, a 13% decrease from the prior year, and a net income per diluted share of $1.08, down from $1.45. The company returned $19 million to shareholders through dividends and share repurchases and launched the Z50 Citadel™ Outdoor Sweeper, expanding into the outdoor sweeping market.
Looking ahead, Tennant reaffirms its 2025 guidance, focusing on strategic supply-chain optimization and pricing initiatives to navigate macroeconomic uncertainties. The company remains committed to its growth strategy while maintaining spending discipline to ensure sustained profitable growth.