Tennant reports Q2 adjusted EPS $1.49, consensus $1.63

Reports Q2 revenue $318.6M, consensus $327.2M. The company said, “The year-over-year decline was driven by volume decreases across all geographies, particularly in North America, as we lapped a $26 million backlog-reduction benefit concentrated in higher-margin products in the prior-year period. Underlying business fundamentals remain robust with order rates increasing 4.0% compared to the second quarter of 2024, demonstrating continued market demand and customer confidence in our solutions…While macroeconomic uncertainty and potential tariff impacts remain variables for the remainder of the year, we remain committed to prioritizing investments that align with our strategic objectives while maintaining spending discipline to deliver sustained profitable growth.”