Every 10-Q that TENNANT COMPANY (TNC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TNC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TNC filings page.
Tennant Company reported modest Q2 2026 revenue growth but sharply lower profitability. Net sales rose to $324.0 million from $318.6 million, driven by pricing, acquisitions and foreign currency, while volumes declined. Gross margin fell to 39.5% and operating margin to 4.9% as ERP-related recovery costs, supply constraints, freight and tariff pressures, and competitive pricing in EMEA weighed on results. Net income declined to $7.6 million, or $0.44 per diluted share, from $20.2 million, or $1.08.
For the first half, net sales were $621.9 million and net income $7.8 million, down from $33.3 million. Operating cash flow shifted to an outflow of $26.2 million, reflecting weaker earnings and higher receivables and inventories tied to an elevated backlog and North America ERP inefficiencies. Total debt increased to $358.9 million, including $357.5 million drawn on the up to $650.0 million revolving facility, raising the debt‑to‑capital ratio to 40.1%. Tennant also maintains an accrued liability of approximately $20.5 million as of December 31 2025 for an adverse intellectual property verdict involving Oxygenator Water Technologies, plus $0.4 million of additional interest‑related accruals in 2026, while continuing to invest in robotics, autonomous solutions, acquisitions in EMEA, and derivative hedging programs.
Tennant Company reported a sharp earnings decline for Q1 2026 despite modest sales growth. Net sales rose 2.7% to $297.9 million, but net income fell to $0.2 million, or $0.01 per diluted share, from $13.1 million a year earlier. Gross margin compressed to 38.1% from 41.4% as ERP recovery efforts, higher labor, freight and expediting costs, and mix shifts weighed on profitability, even though pricing and cost-out actions offset tariff and other inflation.
Operating cash flow swung to an outflow of $31.2 million, driven by higher receivables, inventory, and lower payables. Total debt increased to $358.7 million, lifting the debt‑to‑capital ratio to 40.2%. The company recorded about $20.7 million of accrued liability related to Oxygenator Water Technologies litigation and acquired Clean Machine in EMEA for $7.7 million. In April 2026, the board authorized repurchases of up to 2,000,000 additional shares, giving capacity to buy back roughly 2,560,000 shares in total.
Tennant Company (TNC) reported Q3 2025 results with net sales of $303.3 million versus $315.8 million a year ago as lower volumes in North America offset pricing gains. Gross margin was 42.7%, up 30 bps, while operating income fell to $22.3 million from $30.6 million. Diluted EPS was $0.80 versus $1.09.
Year to date, net sales were $911.9 million versus $957.8 million, and diluted EPS was $2.57 versus $4.03. By region in Q3: Americas $203.6 million (down 6.9%), EMEA $80.5 million (up 5.5%, aided by currency), and APAC $19.2 million (down 7.7%). Operating cash flow was $50.8 million for the first nine months, supporting share repurchases of $56.3 million and dividends of $16.4 million.
Revolving credit borrowings were $237.5 million with about $409.3 million of unused capacity; the weighted average cost of debt was approximately 5.7% (about 4.5% net of swaps). Deferred revenue rose to $27.5 million. The company recorded $1.3 million in Q3 restructuring costs and an additional $5.3 million accrual tied to an intellectual property case, bringing total damages and interest to about $20.2 million. As of October 31, 2025, shares outstanding were 18,125,969.