TNC News & Events

Tennant Company announced the launch of the X2 ROVR SCRUB, its smallest and most nimble autonomous floor scrubber designed to deliver consistent, repeatable cleaning performance in tight, high-traffic commercial environments. Built for small retail, grocery, healthcare, education, convenience stores, and other space-constrained facilities, the X2 ROVR SCRUB enables organizations to automate routine floor cleaning in areas where larger machines are impractical, helping teams maintain high standards of cleanliness amid ongoing labor shortages and increasing pressure to do more with fewer resources.

Directors of Tennant 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."

Reports Q1 revenue $297.9M, consensus $289.25M. "Our first quarter results reflect strong net sales growth and solid order demand as we advanced key strategic priorities across the business," said Dave Huml, Tennant President and Chief Executive Officer. "We saw robust order momentum throughout the quarter, along with strong robotics growth and other exciting developments that underscore the advancement of our key growth initiatives. During the quarter, we achieved meaningful ERP stabilization, with margin impacts decreasing each month as recovery efforts progressed, and we are now turning our focus toward optimization and efficiency. We are encouraged by this positive trajectory exiting the quarter and reaffirm our 2026 expectations."

Sees FY26 revenue $1.24B-$1.28B, consensus $1.26B