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.
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.
Tennant (TNC) Q2 Earnings: What To Expect
Tennant Company (TNC), an industrial cleaning equipment manufacturer, is set to report its Q2 earnings this Wednesday. The company exceeded revenue, EPS, and EBITDA expectations last quarter, and the market anticipates a 3.4% year-on-year revenue growth for the upcoming report. Analysts have largely reconfirmed their estimates, suggesting stability, though Tennant has previously missed revenue estimates multiple times.
Is Tennant (TNC) Still Below Fair Value After Its CFO Retirement News?
Tennant (TNC) CFO Fay West announced retirement plans, sparking investor focus on the company's valuation. Despite recent share price cooling and mixed short-term performance, the company is viewed by some analysts as 10.1% undervalued with a fair value of $93.50, driven by anticipated earnings growth and recurring revenue streams. However, its high P/E ratio compared to industry averages and potential risks from competition and reliance on the North American market suggest a need for careful consideration.
Tennant Company Announces Planned Retirement of CFO Fay West in Second Quarter 2027
Tennant Company announced that its Senior Vice President and Chief Financial Officer, Fay West, plans to retire in the second quarter of 2027, but no earlier than April 2, 2027. West, who joined the company in 2021, has been instrumental in developing the company's growth strategy, overseeing its global finance function, and establishing its M&A strategy. The company has initiated a search for her successor.
Tennant Company Announces Retirement of Fay West, Senior Vice President, Chief Financial Officer
Tennant Company announced that Fay West, Senior Vice President and Chief Financial Officer, will retire in the second quarter of 2027, no earlier than April 2, 2027. The company has initiated a search for her successor, aiming to name a replacement by the first quarter of 2027 to ensure a smooth transition. CEO Dave Huml praised West's contributions, including her role in the company's growth strategy and financial discipline since joining in 2021.
Tennant Company Announces Retirement of Fay West, Senior Vice President, Chief Financial Officer
Tennant Company announced the retirement of Fay West, Senior Vice President and Chief Financial Officer, effective in the second quarter of 2027. Ms. West, who joined the company in 2021, has been instrumental in the company's growth strategy, financial discipline, and M&A efforts. Tennant Company is actively searching for a successor and aims to have a replacement by the first quarter of 2027 to ensure a smooth transition.
Tennant Company (NYSE: TNC) plans smooth CFO transition
Tennant Company announced that its Senior Vice President and CFO, Fay West, plans to retire in the second quarter of 2027, but no earlier than April 2, 2027. The company has started searching for a successor and aims to appoint one by the first quarter of 2027 to ensure a smooth transition. West has been instrumental in the company's growth strategy, capital allocation, and M&A efforts during her five years in the role.
Tennant CFO Fay West to retire in second quarter 2027
Tennant Company announced that its CFO, Fay West, plans to retire in the second quarter of 2027, no earlier than April 2. She will remain in her role until a successor is found and a transition is complete, with the company aiming to name a replacement by Q1 2027. West, who joined in 2021, has been instrumental in the company's growth strategy, financial oversight, and M&A initiatives.
Tennant Company Announces Retirement of Fay West, Senior Vice President, Chief Financial Officer
Fay West, Senior Vice President and Chief Financial Officer of Tennant Company, has announced her intention to retire in the second quarter of 2027, after a successor is hired and a transition period occurs. West joined the company in 2021 and made significant contributions to its growth strategy, financial discipline, and investor engagement. Tennant Company has begun the search for her successor, aiming to name a replacement by the first quarter of 2027 to ensure a smooth transition.
Tennant cuts product-use emissions by 30 percent as autonomous cleaning expands
Tennant Company released its 2026 Sustainability Report, highlighting a 30 percent reduction in greenhouse gas emissions from the product-use phase of its cleaning machines compared to 2021. The report also notes that 99 percent of the company's global electricity was sourced from renewables in 2025 and emphasizes the role of advanced cleaning technologies like autonomous solutions in reducing resource consumption. Tennant's sustainability director, Megan Wickmann, stressed the growing importance of commercial cleaning in helping organizations meet environmental targets while maintaining efficiency.
Tennant Co (TNC) Financial Health: Profitability & Balance Sheet Analysis
This article analyzes the financial health of Tennant Co (TNC), assigning it a TradingKey Stock Score of 5.39. The company ranks 170 out of 180 in its industry, showing stable financial status and average operating efficiency. Recent quarterly results indicate a 2.72% year-over-year revenue increase and a significant 98.47% rise in net profit.
Tennant Company (TNC) Stock Forecasts
The article provides a stock forecast for Tennant Company (TNC), a manufacturer of floor cleaning equipment, wood flooring, and wood products. Argus has raised its target price for TNC to $93.00, with the current price at $84.37. The report covers TNC's operations across North America, Latin America, Europe, Middle East, Africa, and Asia Pacific.
Tennant faces securities fraud probe after ERP system issues caused a 23% stock plunge.
Tennant Company is facing a securities fraud investigation due to severe disruptions caused by its new ERP system, which significantly impacted sales and increased costs. Despite earlier assurances of a successful rollout, the company's stock plummeted by over 23% following the disclosure of these issues. Investors who incurred losses are encouraged to seek legal counsel regarding potential options.
TNC INVESTIGATION: Tennant Securities Fraud Investigation
BFA Law is investigating Tennant Company (NYSE:TNC) for potential federal securities law violations after its stock dropped 23% due to significant operational disruptions caused by the rollout of its new ERP system. The firm alleges Tennant made misleading statements about the ERP system's progress and success, which ultimately led to $30 million in lost sales and over $20 million in remediation costs. Investors who lost money due to this stock decline are encouraged to contact BFA Law to discuss their legal options.
Tennant Co (TNC) Valuation: PE, PB & Fair Value Analysis
This article provides a valuation analysis of Tennant Co (TNC), noting its current valuation score of 6.54 and ranking it 151 out of 180 in the Machinery, Tools, Heavy Vehicles, Trains & Ships industry. It highlights the company's current P/E ratio of 52.01, which is below a recent high but significantly above a recent low. The article also mentions that relevant data for P/B, P/S, and P/CF ratios have not yet been disclosed by the company.
