TNC News & Events

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

Tennant Company announced a significant evolution in its long-standing relationship with Brain Corp, signing a 3-year exclusivity extension for next-generation robotic floor care, accelerating new product development with plans to release 10 new products within 24 months, and simplifying the customer buying experience. Together, these actions support the growth of Tennant's strategic focus on robotic cleaning and reinforce the Company's commitment to build its autonomous equipment portfolio into a $250M business by 2028.