Tennant board authorizes repurchase of additional 2M shares

Directors of Tennant (TNC) Company authorized a new share repurchase program of up to 2,000,000 shares of the Company’s common stock, effective April 29, 2026. This authorization is in addition to approximately 560,000 shares remaining under the Company’s current repurchase program. With this new authorization, the company now has capacity to repurchase up to 2,560,000 shares which represents 15% of the basic shares currently outstanding. “The Board’s authorization of a new two-million-share repurchase program reflects strong confidence in Tennant’s strategic direction and reinforces our commitment to disciplined, balanced capital allocation,” said Dave Huml, Tennant President and Chief Executive Officer. “This program gives us greater flexibility to manage capital priorities with a clear focus on driving sustainable, long-term shareholder value, while preserving the financial capacity to invest in our growth agenda.”