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Company Research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
Tennant Company
Tennant Company (TNC) investor relations material
Tennant Company Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary24 Feb, 2026
Executive summary
Q4 and full-year 2025 results were significantly impacted by the North America ERP system go-live, causing operational disruptions, lost order entry, shipping delays, and customer service issues, with stabilization actions underway and improvements expected in 2026.
Approximately $30 million in net sales were lost in Q4 due to ERP issues, with half unrecoverable and the remainder added to backlog.
Despite challenges, international operations (EMEA and APAC) delivered solid growth, and the company maintained its strategic direction, including innovation and robotics expansion.
Orders grew by 4% and backlog increased by $15 million year-over-year.
Share repurchases totaled approximately $88 million in 2025, representing about 6% of outstanding shares.
Financial highlights
Q4 2025 GAAP net loss was $4.4 million, compared to $6.6 million net income in Q4 2024; full-year net income was $43.8 million, down from $83.7 million in 2024.
Q4 net sales were $291.6 million, down 11.3% year-over-year; full-year net sales were $1,203.5 million, down 6.5%.
Adjusted EBITDA for Q4 was $25.6 million (8.8% margin), down $21.8 million year-over-year, with a $22 million negative impact from ERP issues; full-year Adjusted EBITDA was $167.4 million (13.9% margin), down 19.8%.
Adjusted EPS for 2025 was $4.57, down from $6.57 in 2024; Q4 adjusted EPS was $0.48, including an estimated $0.91 negative impact from ERP issues.
Free cash flow for 2025 was $43.3 million, with $59.1 million invested in ERP modernization.
Outlook and guidance
2026 net sales projected at $1.24–$1.28 billion, reflecting 3%–6.5% organic growth, with sales weighted toward the second half as ERP recovery progresses.
Adjusted EBITDA expected between $175–$190 million, with margin of 14.1%–14.8%.
Adjusted EPS guidance is $4.70–$5.30 per diluted share, with gross margin expansion anticipated year-over-year.
Q1 2026 expected to be weak due to a two-week facility shutdown for physical inventory and ongoing ERP stabilization, with improvement ramping up in Q2–Q4.
ERP stabilization in North America targeted for early 2026, with efficiency improvements expected through the first half.
Q1 2026 ERP shutdown's impact on profitability
What non-ERP factors boost 2026 margin?
2026 capital allocation for growth initiatives
What is the revised ERP recovery cost and timeline
How will TNC Robotics counter new competitors
How will buybacks leverage low net debt now
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Next Tennant Company earnings date
Q1 202630 Apr, 2026
Tennant Company
Next Tennant Company earnings date
Q1 202630 Apr, 2026
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Frequently asked questions
Tennant Company designs, manufactures, and markets cleaning equipment and solutions for indoor and outdoor environments. Its products include floor scrubbers, sweepers, carpet extractors, and related cleaning technologies. The company serves a wide range of markets, including industrial facilities, airports, educational institutions, and retail establishments. Tennant Company also offers aftermarket parts, services, and cleaning solutions. It is headquartered in Eden Prairie, Minnesota, and its shares are listed on the NYSE.
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