Tennant reports Q1 adjusted EPS $1.12, consensus $1.30

Reports Q1 revenue $290M, consensus $296.63M. “We are pleased to report Tennant’s (TNC) first quarter results in line with our expectations. Lapping a previous record-high first quarter in the prior year, which benefited from a significant backlog reduction concentrated in higher-margin products and customers, our first quarter results reflect a return to typical seasonal patterns and product mix,” said Dave Huml, Tennant President and Chief Executive Officer. “Despite the challenging comparison, underlying business performance remains strong. This quarter represents the fourth consecutive quarter with strong order growth above our long-term targets. We are closely monitoring the macroeconomic uncertainties, particularly those surrounding tariffs, demand, and broader economic conditions. We are focused on implementing mitigation strategies to address known tariffs through supply-chain actions and pricing initiatives. Despite the dynamic nature of the current environment, and the challenges in predicting future developments, our current belief is that we remain on track to deliver full-year results within our 2025 guidance range.”