Tennant Company (TNC)

In the past six months, Tennant Co.'s stock price has been influenced by its quarterly earnings reports and new product introductions. Between October 25, 2024, and October 24, 2025, the share price experienced a decline of 9.80%. In Q1 2025, Tennant reported net sales of $290.0 million, a 6.8% decrease from Q1 2024, and adjusted diluted EPS was $1.12, missing analyst forecasts, though order growth increased by 13%. In Q2 2025, net sales were $318.6 million, a 3.7% decrease from Q2 2024, and adjusted EPS was $1.49, also missing estimates, but underlying order demand grew 4%. Tennant declared a quarterly dividend of $0.295 per share, paid on September 15, 2025. The company introduced the T360 mid-sized scrubber in October 2025, the Z50 Citadel Outdoor Sweeper in June 2025, and the i-mop Lite and i-mop XL Plus scrubber products in Brazil, France, Portugal, and Spain in May 2025, and lithium-ion battery-powered versions of its T12 and T16 scrubbers were launched in December 2024. Recent analyst ratings have included "Buy" and "Hold" recommendations, with a consensus of "Moderate Buy" and an average price target of $113.50.

Tennant Company's business is not seasonal in the traditional sense, with quarterly revenues typically ranging from 22% to 28% of the total year. However, the mix and timing of sales can be influenced by factors like large order backlogs being cleared.

Tennant Company is a global leader in designing, manufacturing, and marketing cleaning solutions and equipment within the Industrial Goods and Machinery sector. The company provides solutions for maintaining nonresidential surfaces, offering a range of floor maintenance equipment, sustainable cleaning technologies, aftermarket parts, maintenance services, specialty coatings, and asset management solutions. Tennant markets its products under various brands and serves diverse environments such as retail, distribution centers, factories, offices, schools, hospitals, and public venues.

Tennant Company has a significant global presence, operating in the Americas, Europe, the Middle East, Africa (EMEA), and Asia Pacific (APAC). The company maintains 11 global manufacturing locations, with facilities in the US, Brazil, the Netherlands, and China. Tennant sells its products directly in 15 countries and through a network of authorized distributors in over 100 countries worldwide.

In the past year, Tennant Company has maintained a positive brand reputation, driven by its commitment to innovation, sustainability, and customer-centric solutions. The company has actively promoted its development of eco-friendly products and technologies, such as the ec-H2O NanoClean® system. Recent product launches highlight Tennant's focus on user-friendly, productivity-oriented design and addressing evolving facility maintenance needs, contributing to a reputation for advancing cleaning technology and providing effective solutions for customers.

Tennant Co. exhibits a mixed ownership structure, with institutional ownership accounting for approximately 93.33% to 97.46% of the company's stock. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Mairs & Power Inc, State Street Corp, Dimensional Fund Advisors Lp, Brown Advisory Inc, and P2 Capital Partners, LLC. Individual insider ownership is relatively small, around 1.42% to 1.53%.