Tennant Company (TNC)
NYSE:TNC
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.36Last Year’s EPS
1.49Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed but constructive picture: meaningful operational disruption from the North America ERP implementation drove notable short-term revenue, margin, EPS and cash-flow headwinds in Q1, but management reported clear stabilization progress, sequential margin improvement, strong order momentum and accelerating robotics growth (85% YoY for AMR). The company reaffirmed full-year guidance, emphasized liquidity and disciplined capital allocation (including opportunistic buybacks), and laid out credible steps for margin recovery and AMR expansion. Given the balanced set of significant near-term challenges and offsetting strategic/operational positives with guidance intact, the tone is cautious but constructive.Company Guidance
Strong Order Momentum and Backlog Growth
Orders of $327 million, up 10% year-over-year, with backlog increasing approximately $32 million to $109 million, signaling strong demand momentum and healthy customer relationships.
Robotics (AMR) Business Acceleration
AMR sales of approximately $27 million in Q1 (9% of total net sales), representing 85% year-over-year robotics growth; cumulative shipments >11,500 robots; extended exclusivity with Brain Corp to 2029; launched X16 SWEEP and X2 ROVR; plan to introduce 10 new AMR products over 24 months and targeting $250 million in AMR revenue by 2028.
Revenue Growth and Product Mix Strength
Consolidated net sales of $297.9 million, up 2.7% year-over-year; equipment sales up 3.1% and service & other up 10.6%, reflecting momentum in commercial products and recurring autonomy subscription revenue.
Sequential Margin Recovery and Stabilization Progress
Gross margin improved sequentially each month with Q1 margin at 38.1% (a 350 basis point improvement vs. Q4 2025) and an enterprise gross margin exit rate of ~40% in March, indicating operational stabilization after ERP go-live.
Reaffirmed 2026 Guidance and Long-Term Targets
Management reaffirmed full-year 2026 guidance: net sales $1.24B–$1.28B (organic growth 3.0%–6.5%), adjusted EBITDA $175M–$190M (14.1%–14.8% margin), adjusted diluted EPS $4.70–$5.30; expects results weighted to second half of year.
Prudent Capital Allocation and Strong Liquidity
Deployed $60 million to repurchase ~950,000 shares (~5% of beginning-of-year shares) at an average price of $63; Board authorized additional 2.0 million share repurchase (total repurchase capacity ~2.56 million shares, ~15% of basic shares); ended quarter with $82.6 million cash and ~$289 million unused revolver capacity; net leverage 1.78x (within 1–2x target).
TNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $81.95 | $82.63 | +0.83% |
Feb 23, 2026 | $82.95 | $81.89 | -1.28% |
Nov 03, 2025 | $78.89 | $74.60 | -5.44% |
Aug 06, 2025 | $81.54 | $78.71 | -3.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tennant Company (TNC) report earnings?
Tennant Company (TNC) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Tennant Company (TNC) earnings time?
Tennant Company (TNC) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TNC EPS forecast?
TNC EPS forecast for the fiscal quarter 2026 (Q2) is 1.36.