Will $250 Million Robotics Goal Change Tennant (TNC) Stock Narrative
Tennant Company aims for $250 million in robotic sales by 2028, planning 10 new robotic products in the next two years and eyeing acquisitions. This strategic shift towards automation could deepen customer loyalty and recurring revenue, but also heightens execution risk. Analysts forecast significant revenue and earnings growth for Tennant by 2029, with a potential 29% upside to its current price.
Tennant Company (TNC) Stock Price, News, Quote & History
This Yahoo Finance page provides comprehensive information on Tennant Company (TNC) stock, including its real-time price, historical data, key statistics, and financial performance. It also includes an overview of the company, recent news, analyst insights, and comparisons with the S&P 500. The company designs, manufactures, and markets floor cleaning equipment globally.
Tennant Targets $250M in Robotics Sales as ERP Recovery Gains Traction
Tennant Company aims for $250 million in robotics sales by 2028, driven by increasing demand for automated cleaning solutions due to rising labor costs. CEO Dave Huml reported a 56% year-over-year increase in robotic sales during the first half of 2026 and plans to introduce 10 new robotic products. The company is also recovering from a North American ERP implementation, with improving gross margins and strong order rates, while reassessing its acquisition strategy to include robotics manufacturers.
Bank of America Corp DE Purchases New Stake in Tennant Company $TNC
Bank of America Corp DE has acquired a new stake in Tennant Company, purchasing 70,572 shares valued at approximately $6.18 million, representing 0.41% of the company. Despite Tennant missing analyst consensus for quarterly EPS, its revenue showed a slight year-over-year increase, and institutional investors collectively own 93.33% of the company. Analyst sentiment remains cautious with a "Hold" rating, while company insiders have recently purchased additional shares.
Tennant Targets $250M in Robotics Sales as ERP Recovery Gains Traction
Tennant is aggressively pursuing growth in robotics, aiming for $250 million in sales by 2028, with plans to launch 10 new robotic products over the next two years. The company is also recovering from operational disruptions caused by a North American ERP system rollout, showing improved gross margins and order rates. Tennant intends to balance strategic acquisitions of equipment makers, distributors, and robotics software companies with debt management, dividends, and share repurchases.
Tennant Company sees profit drop but keeps 'buy' rating on growth and valuation potential
Despite a decline in net income and EBITDA due to supply chain and ERP challenges, Tennant Company maintains a 'buy' rating. The company is focused on expanding its robotics and automation segment, targeting significant revenue growth in this area by 2028. Its valuation is considered attractive relative to peers, with management aiming for 3–5% annual organic sales growth.
Tennant (NYSE:TNC) Director Acquires 3,000 Shares of Stock
Tennant (NYSE:TNC) Director Patrick Allen purchased 3,000 shares of the company's stock for $208,260, increasing his ownership by over 155%. This transaction occurred as Tennant's stock traded near its 52-week low following a significant earnings miss. Despite a consistent dividend, analysts maintain a "Hold" rating due to financial performance and payout ratio concerns.
Mario Gabelli group bought into Tennant (NYSE: TNC); the filing shows their stake.
Entities affiliated with Mario Gabelli, including GAMCO Asset Management and Gabelli Funds, have reported a 6% beneficial ownership stake in Tennant Co (TNC) through an amended Schedule 13D filing. This stake, totaling 1,022,610 shares, was primarily acquired through approximately $10.6 million in recent share purchases, largely for advisory clients. The filing clarifies the voting and dispositive powers over these shares and outlines recent trading activities.
Toro appoints Tennant CEO David Huml to board of directors
The Toro Company has appointed David Huml, the current President and CEO of Tennant Company, to its board of directors. Huml brings extensive experience in global marketing, operations, product management, robotics, and smart-connected technologies, which Toro's CEO Richard Olson believes will be a valuable addition to the board. Toro, a company specializing in outdoor environment solutions with $4.5 billion in fiscal 2025 net sales, operates in over 125 countries.
Tennant CEO joins Toro (NYSE: TTC) board as new independent director
The Toro Company (NYSE: TTC) has expanded its Board of Directors to eleven members by electing David W. Huml, president and CEO of Tennant Company, as a new independent director. Huml will also serve on the Audit Committee and Finance Committee, bringing his expertise in global marketing, operations, product management, robotics, and smart-connected technologies to Toro's board.
Squarepoint Ops LLC Sells 50,463 Shares of Tennant Company $TNC
Squarepoint Ops LLC significantly reduced its stake in Tennant Company by 77.3% in the second quarter, selling 50,463 shares and retaining 14,818 shares valued at $1.3 million. This comes as Tennant reported disappointing quarterly results, missing EPS and revenue estimates, and analysts have downgraded the stock to a consensus "Hold" rating. Despite a high dividend payout ratio of 121.57%, the company continues its quarterly dividend of $0.31 per share.
Tennant’s (TNC) Orders Are Surging While Its Margins Keep Sliding
Tennant Company (TNC) reported strong second-quarter order growth, with total orders up 6.6% and robotics sales jumping 37%, building a significant backlog and leading to raised full-year sales guidance. However, net income and Adjusted EBITDA saw substantial declines due to high costs from an ERP rollout, supply chain issues, and unfavorable regional performance, causing management to lower profit guidance. Despite healthy demand and robotics momentum, the company faces challenges in converting growth into profit, which is reflected in a low forward P/E ratio and increased short interest.
TENNANT CO (NYSE: TNC) Grants 2,707 Shares to Robotics SVP Patrick W. Schottler at No Cost
TENNANT CO (NYSE: TNC) awarded 2,707 shares to Patrick W. Schottler, Senior Vice President of Robotics, at no cost on August 10, 2026. This grant, classified under transaction code A, represents approximately 19.5% of Schottler's total holdings in the company, bringing his total to 13,857 shares. The transaction provides insight into executive ownership and compensation practices at TENNANT CO.
Should Investors Buy Shares Too as Tennant Director Mulligan Buys 8,000 Shares for $539,000?
Tennant Company Director Donal L. Mulligan recently purchased 8,000 shares for $539,000, increasing his total equity holdings by 27% to 38,175 shares. This transaction occurred after a 17% decline in the stock price, suggesting Mulligan views current operational challenges as temporary and sees a buying opportunity. Despite being a Dividend King with 53 years of dividend increases, Tennant is navigating an ERP transition and shifting towards robotics, with robotics sales growing significantly.
Will Tennant's (TNC) Higher 2026 Outlook Despite Weaker Earnings Redefine Its Profitability Narrative?
Tennant Company reported weaker Q2 2026 earnings with net income falling to US$7.6 million, despite slightly higher sales. However, the company raised its full-year 2026 sales outlook to US$1.27 billion–US$1.31 billion, while cutting EPS guidance. This signals management's confidence in a stronger second half, placing increased pressure on cost controls and automation investments to improve margins.
Independent Chairman of Board of Tennant Picks Up 28% More Stock
Tennant Company's Independent Chairman of the Board, Donal Mulligan, recently purchased US$539k worth of stock, increasing his holding by 28%. This insider buying activity, along with overall greater insider buying than selling over the past year, suggests that insiders believe the stock may be undervalued and are aligned with shareholder interests. The article also notes a significant insider sale by the Senior VP & COO, Richard Zay, but at a price well above the current market value.
AllianceBernstein (TNC) discloses 7.1% Tennant Co holding in Schedule 13G
AllianceBernstein L.P. has reported a 7.1% passive institutional investment in Tennant Co (TNC) common stock, as disclosed in a Schedule 13G filing. The investment, totaling 1,216,305 shares, is held solely for investment purposes in client discretionary investment advisory accounts. AllianceBernstein L.P. maintains sole voting power over 1,062,531 shares and sole dispositive power over all 1,216,305 shares.
Tennant co director Timothy Morse buys $102,270 in stock
Timothy R. Morse, a director at Tennant Co (NASDAQ:TNC), recently purchased 1,500 shares of the company's common stock for $102,270, increasing his direct holdings to 10,614 shares. This purchase occurred after TNC shares declined nearly 10% and are considered undervalued by InvestingPro. The company also reported mixed Q2 2026 financial results with increased revenue but lower-than-expected earnings due to margin pressure and ERP-related costs.
Tennant director Donal Mulligan buys $538,720 in TNC stock
Donal L. Mulligan, a Director at Tennant Co (NYSE:TNC), recently acquired 8,000 shares of the company's common stock for $538,720. This transaction was made through a trust for his spouse at a price of $67.34 per share, increasing his indirect beneficial ownership to 16,000 shares. The acquisition comes amidst Tennant Company reporting mixed financial results for Q2 2026, including a revenue miss and lower-than-expected adjusted diluted earnings per share, leading to a reduced full-year profit outlook.
Tennant Co Director Donal L. Mulligan Acquires 8,000 Shares on August 12, 2026
Donal L. Mulligan, a director at Tennant Co (NYSE:TNC), purchased 8,000 shares of the company's common stock on August 12, 2026, at a price of $67.34 per share. This transaction was disclosed in a Form 4 filed with the SEC on August 13, 2026. Following this acquisition, Mulligan's indirect holdings (via trust for his spouse) increased to 16,000 shares, in addition to his direct holdings of 22,175 shares.
Donal Mulligan Purchases 8,000 Shares of Tennant (NYSE:TNC) Stock
Donal Mulligan, a director at Tennant Company (NYSE:TNC), recently purchased 8,000 shares of the company's stock for $538,720, doubling his direct ownership to 16,000 shares. This transaction occurred as Tennant's stock traded near its 12-month low, following a quarter where the company missed EPS and revenue estimates. Despite mixed analyst sentiment, Tennant maintains a quarterly dividend and has authorized a significant share buyback program.
Tennant director Donal Mulligan buys $538,720 in TNC stock
Donal L. Mulligan, a Director at TENNANT CO (NYSE:TNC), recently purchased 8,000 shares of the company's common stock for $538,720. This transaction increased his indirect beneficial ownership to 16,000 shares. The acquisition follows mixed financial results for Tennant Company in Q2 2026, which saw increased revenue but missed analyst expectations for revenue and EPS, leading to a reduced full-year profit outlook.
Tennant co director Timothy Morse buys $102,270 in stock
Timothy R. Morse, a director at Tennant Co (NASDAQ:TNC), recently purchased 1,500 shares of the company's common stock for $102,270. This transaction occurred on August 12, 2026, after TNC shares had declined nearly 10% in the past week. The purchase follows Tennant Company's Q2 2026 financial results, which showed a revenue increase but a significant earnings miss and a reduced full-year profit outlook due to margin pressure and ERP-related costs.
Tennant (NYSE:TNC) Downgraded to "Strong Sell" Rating by Zacks Research
Zacks Research downgraded Tennant (NYSE:TNC) from "strong-buy" to "strong sell" following disappointing quarterly results where the company missed both EPS and revenue expectations. Analysts have also reduced Tennant's earnings forecasts for 2026 and 2027, indicating persistent performance pressures. Despite the downgrade, other analysts maintain a "Hold" rating on the stock with a consensus price target of $91.00.
Tennant Q2 Earnings Call Highlights
Tennant (TNC) reported a 1.7% increase in Q2 2026 sales to $324 million and a 6.6% rise in orders, despite profitability falling below expectations due to ERP-related inefficiencies, parts shortages, inflationary costs, and competitive pricing. The company's robotics revenue notably grew 37% year-over-year to $31 million, with full-year robotics revenue projected to reach $130 million to $145 million. Tennant updated its full-year guidance, raising the sales outlook but lowering profitability expectations, while also announcing the CFO's retirement.
Earnings Miss: Tennant Company Missed EPS By 62% And Analysts Are Revising Their Forecasts
This article analyzes Tennant Company's recent earnings miss, where Q2 GAAP EPS missed estimates by 62%. Following this disappointing performance, analysts have revised their earnings forecasts downwards, indicating a potential reevaluation of the company's future prospects and stock price targets.
Earnings Miss: Tennant Company Missed EPS By 62% And Analysts Are Revising Their Forecasts
Tennant Company missed its earnings per share by a significant 62%, with analysts now revising their future forecasts for the company. This substantial miss indicates potential underlying issues or unexpected challenges that have impacted its recent financial performance. Investors will likely be watching closely to see how the company plans to address these revised expectations and improve future results.
Tennant Company Just Missed EPS By 62%: Here's What Analysts Think Will Happen Next
Tennant Company's stock dropped 12% after missing Q2 EPS estimates by 62%, despite revenues aligning with predictions. Analysts subsequently reduced their EPS forecasts for 2026, leading to a 6.1% decrease in the consensus price target, though revenue forecasts remained stable. Despite these setbacks, analysts expect Tennant's revenue growth to accelerate faster than the industry average.
Tennant (NYSE:TNC) Cut to "Hold" at Wall Street Zen
Wall Street Zen has downgraded Tennant (NYSE:TNC) from "Buy" to "Hold" after the company reported disappointing quarterly earnings, missing EPS estimates by $0.50 and slightly falling short on revenue. Despite the downgrade, the broader analyst consensus remains a "Moderate Buy" with a $91.00 price target. The company's board has authorized a significant share repurchase program, suggesting management believes the stock is undervalued, while institutional investors hold a substantial portion of its shares.
Tennant Company 2026 Q2 - Results - Earnings Call Presentation (NYSE:TNC)
Tennant Company (TNC) published its Q2 2026 earnings call presentation, reporting an EPS of $0.83, which missed estimates by $0.50, and revenue of $324.00M, missing by $5.55M. The presentation was released in conjunction with their earnings call on August 7, 2026. This article was created by SA Transcripts, which covers thousands of quarterly earnings calls.
Tennant (NYSE:TNC) Misses Q2 CY2026 Revenue Estimates, Stock Drops 13.8%
Tennant (NYSE:TNC) missed Q2 CY2026 revenue and adjusted EPS estimates, with sales increasing only 1.7% year-on-year to $324 million and adjusted EPS at $0.83, significantly below expectations. Despite lifting its full-year revenue guidance, the company lowered its adjusted EPS and EBITDA guidance, leading to a 13.8% drop in its stock price immediately following the announcement. The report highlighted concerns about the company's profitability and operating margin decline over the past few years.
Tennant (TNC) Stock Trades Down, Here Is Why
Tennant Company's stock dropped 17.1% after reporting second-quarter results that missed analyst expectations for revenue and earnings per share. The company also lowered its full-year profit forecast, despite raising its net sales guidance. This marks the second significant drop for Tennant in less than a year, with its stock currently trading 16.3% below its 52-week high.
Tennant (TNC) Stock Trades Down, Here Is Why
Shares of industrial cleaning equipment manufacturer Tennant Company (TNC) fell 17.1% after the company reported second-quarter results that missed analyst estimates for revenue and earnings, and lowered its full-year profit forecast. Revenue was $324 million against an estimated $329.6 million, and adjusted EPS was $0.83, well below the expected $1.33. The company also trimmed its Adjusted EBITDA guidance for the full year, indicating weaker profitability.
TENNANT CO 2026: Revenue $324M, EPS $0.44— 10-Q Summary
TENNANT CO reported its second-quarter 2026 results, showing a slight revenue increase to $324M but a significant decline in profitability, with net income falling to $7.6M and diluted EPS to $0.44. The modest revenue growth was primarily driven by foreign-exchange effects and acquisitions, offsetting organic volume declines, while operational inefficiencies, elevated costs, and competitive pressures impacted margins. The company continues to invest in robotics and R&D for long-term innovation.
Earnings call transcript: Tennant shares sink after Q2 2026 profit miss
Tennant Company reported mixed Q2 2026 results, with revenue up 1.7% to $324 million but adjusted EPS of $0.83 falling significantly short of the $1.36 forecast. The company's stock dropped 15.55% due to investor concerns over margin pressure, ERP-related costs, and a reduced full-year profit outlook. Despite increased revenue guidance, profitability guidance was lowered, reflecting ongoing challenges, though the robotics segment showed strong growth.
Tennant Plunges 12.8% on EPS Beat
Tennant Company shares dropped 12.8% after reporting Q2 2026 earnings, despite an EPS beat. The market's negative reaction suggests investors had higher expectations for the industrial machinery maker, possibly due to disappointing guidance or margin commentary. This significant decline indicates broad selling pressure and raises questions about future demand visibility and competitive positioning for Tennant.
Press Release: Tennant Company Reports Second Quarter 2026 Results
Tennant Company has released its financial results for the second quarter of 2026. The report details the company's performance during this period, including key financial metrics and operational highlights. This press release provides investors and stakeholders with an update on Tennant Company's business trajectory.
Tennant Company (NYSE:TNC) to Issue Quarterly Dividend of $0.31
Tennant Company (NYSE:TNC) has declared a quarterly dividend of $0.31 per share, payable on September 15th to shareholders of record as of August 31st. This marks the 53rd consecutive year the company has increased its dividend, which is well-covered by earnings with a payout ratio of 18.8%. Tennant recently surpassed earnings expectations, reporting EPS of $0.58 against a $0.40 consensus and revenue of $297.9 million.
Tennant Company Q2 2026: Revenue $324.0M, Adjusted EBITDA $35.3M, Adjusted EPS $0.83
Tennant Company reported Q2 2026 net sales of $324.0 million, a 1.7% increase year-over-year, with adjusted EBITDA of $35.3 million and adjusted diluted EPS of $0.83. The company raised its full-year net sales guidance while lowering adjusted EBITDA guidance, citing ERP implementation inefficiencies and continued investments in robotics. Autonomous mobile robot sales grew significantly, contributing to a building order backlog.
Tennant Q2 net sales rise to $324 million as profit declines
Tennant Company (TNC) reported a rise in Q2 2026 net sales to $324.0 million, a 1.7% increase year-over-year, despite a decline in net income to $7.6 million and diluted EPS to $0.44. The company increased its full-year net sales guidance but lowered adjusted EBITDA guidance, citing ERP inefficiencies and pricing pressures. Insider trading activity shows more purchases than sales, while hedge funds show mixed activity with some significantly increasing and others decreasing their positions.
Tennant Company (NYSE: TNC) lifts 2026 sales outlook, trims profit
Tennant Company reported Q2 2026 results, showing a 1.7% increase in net sales to $324.0 million but a significant decline in net income and Adjusted EBITDA due to ERP-related inefficiencies and margin pressures. Despite these challenges, the company raised its full-year 2026 net sales guidance to $1.270–$1.310 billion, driven by strong order growth and robotics momentum, while simultaneously lowering its Adjusted EBITDA guidance to $155–$170 million, reflecting a slower margin recovery.
Earnings Flash (TNC) Tennant Company Reports Q2 Revenue $324.0M, vs. FactSet Est of $329.6M
Tennant Company (TNC) reported its Q2 revenue at $324.0 million, falling short of the FactSet estimate of $329.6 million. The company has also recently updated its earnings guidance for fiscal year 2026 and declared a regular quarterly cash dividend of $0.31 per share. Tennant Company designs, manufactures, and markets cleaning equipment and solutions for various industrial and commercial uses.
Tennant earnings missed by $0.53, revenue fell short of estimates
Tennant (NYSE: TNC) reported second-quarter earnings per share of $0.83, missing analyst estimates by $0.53. The company's revenue for the quarter was $324 million, falling short of the consensus estimate of $331.78 million. Despite the miss, Tennant's stock has seen positive performance over the last year, and the company provided full-year 2026 revenue guidance of $1.27 billion to $1.31 billion.
Sei Investments Co. Acquires 38,996 Shares of Tennant Company $TNC
Sei Investments Co. significantly increased its stake in Tennant Company (NYSE:TNC) by 67.4% in the first quarter, acquiring an additional 38,996 shares, bringing their total ownership to 96,879 shares valued at $6.43 million. This comes as institutional investors collectively own 93.33% of Tennant's stock, and analysts have shown increasing bullishness with a "Moderate Buy" consensus rating and an average price target of $91. Tennant also reported strong quarterly earnings, exceeding expectations with $0.58 EPS and $297.9 million in revenue, and authorized a stock buyback program for up to 11.1% of its outstanding shares.
Tennant Q2 2026 Earnings: Sales Rise as Margins Contract
Tennant Company reported a 1.7% increase in Q2 2026 net sales to $324.0 million, driven by pricing, foreign currency, and acquisitions, despite a volume decline. However, diluted EPS fell significantly to $0.44 from $1.08, and adjusted EBITDA dropped 30.8% due to ERP inefficiencies, regional pricing pressures, and increased operating costs. The company raised its full-year sales guidance but lowered its adjusted EBITDA outlook, indicating expected demand growth but slower profitability recovery.
Tennant (TNC) Lags Q2 Earnings Estimates
Tennant (TNC) reported Q2 earnings of $0.83 per share, significantly missing the Zacks Consensus Estimate of $1.23, representing a -32.52% surprise. Despite the earnings miss, the company's Q2 revenues of $324 million surpassed the Zacks Consensus Estimate by 0.89%. Tennant's stock has outperformed the S&P 500 year-to-date, and its current Zacks Rank #2 (Buy) suggests potential for future outperformance.
Tennant faces earnings test after ERP system debacle hurt results By Investing.com
Tennant Company is facing a critical earnings test after its first-quarter performance was severely impacted by a disastrous ERP system rollout, causing $30 million in lost sales and over $20 million in remediation costs. Analysts anticipate a significant sequential improvement in Q2, with estimated earnings of $1.36 per share and revenue of $330.2 million. Investors will closely monitor management's commentary on operational stabilization and guidance for the second half of the year to assess the recovery trajectory and validate the current stock valuation.
Tennant faces earnings test after ERP system debacle hurt results
Tennant Company is set to release its second-quarter results, with analysts anticipating significant sequential improvement after a disastrous ERP system rollout in Q1 caused operational disruptions and lost sales. Investors will be closely watching for signs of stabilized operations, improved order processing, and any revised guidance for the second half of the year. The company's ability to capitalize on market growth while overcoming internal challenges will determine if the stock's recent recovery and valuation are justified.
Tennant Company Declares Regular Quarterly Cash Dividend
Tennant Company (NYSE: TNC) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.31 per share. The dividend is payable on September 15, 2026, to shareholders of record as of August 31, 2026. Tennant Company, founded in 1870, is a global leader in cleaning solutions, with $1.20 billion in sales in 2025 and approximately 4,500 employees worldwide.
Tennant declares $0.31 quarterly dividend
Tennant Company (NYSE:TNC) has announced a quarterly cash dividend of $0.31 per share. This dividend is scheduled to be paid on September 15, 2026, to shareholders of record as of August 31, 2026. Tennant Company, a manufacturer of cleaning and maintenance equipment, reported sales of $1.20 billion in 2025 and employs approximately 4,500 people.
