Tennant Company (TN1)
XDUS 
Summary
TN1 Chart
Tennant Targets $250M in Robotics Sales as ERP Recovery Gains Traction
Tennant NYSE: TNC CEO Dave Huml said the floor-cleaning equipment manufacturer is pursuing growth through automation, robotics, product innovation and targeted acquisitions, while continuing to recover from a North American enterprise resource planning, or ERP, implementation that disrupted operations late in 2025.
Tennant Company: Short-Term Issues Will Give Way To Attractive Upside
Tennant Company faces short-term profitability setbacks but maintains a soft ‘buy' rating due to relative valuation and growth prospects. TNC's revenue grew modestly despite supply chain and ERP issues, but net income and EBITDA declined sharply, prompting lower profit guidance. Management remains focused on robotics and automation, targeting robotics revenue growth from $85M to $250M by 2028 and ongoing product launches.
Tennant Q2 Earnings Call Highlights
Tennant NYSE: TNC reported second-quarter 2026 sales growth and stronger order activity, but profitability fell below management's expectations as the company faced ERP-related operating inefficiencies, North American parts shortages, inflationary costs and competitive pricing pressure in Europe.
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Tennant Company Profile
| Machinery Industry | Industrials Sector | David W. Huml CEO | XDUS Exchange | US8803451033 ISIN |
| US Country | 4,484 Employees | 31 Aug 2026 Last Dividend | 26 Jul 2006 Last Split | 3 Mar 1992 IPO Date |
Overview
Tennant Company, headquartered in Eden Prairie, Minnesota, is a global leader in the design, manufacture, and marketing of floor cleaning equipment and solutions. With its subsidiaries, Tennant serves a wide geographical footprint that spans the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Founded in 1870, the company has built a reputation for innovation and quality, offering a comprehensive range of products and services tailored to meet the cleaning needs of a variety of environments, including retail and distribution centers, manufacturing and warehousing facilities, public venues, and more. Recognized for its commitment to sustainable cleaning technologies and business solutions, Tennant caters to the demands of contract cleaners and businesses, leveraging direct sales and service organizations along with a network of authorized distributors.
Products and Services
- Floor Maintenance and Cleaning Equipment: Tennant offers a diverse portfolio of cleaning equipment, including scrubbers, sweepers, and vacuums designed for robust performance and efficiency in maintaining clean floors across various environments.
- Detergent-Free and Sustainable Cleaning Technologies: Innovatively addressing environmental concerns, Tennant provides technologies that reduce or eliminate the need for detergents, underscoring the company’s commitment to sustainability.
- Aftermarket Parts and Consumables: To support the longevity and optimal functioning of its equipment, Tennant supplies a wide range of aftermarket parts and consumables, ensuring customers can maintain their equipment effectively.
- Equipment Maintenance and Repair Services: Recognizing the importance of reliable equipment, Tennant offers comprehensive maintenance and repair services, providing expert care and upkeep for its products.
- Specialty Surface Coatings: Beyond cleaning equipment, Tennant innovates with specialty surface coatings that enhance the durability and appearance of floors, offering added value to customers seeking holistic floor care solutions.
- Asset Management Solutions: Leveraging modern technology, Tennant’s asset management solutions facilitate efficient management of cleaning equipment fleets, optimizing operational productivity and cost-effectiveness.
- Business Solutions: Tennant supports its clients with a range of business solutions, such as financing, rental, and leasing programs tailored to ease the acquisition and utilization of floor cleaning equipment.
- Machine-to-Machine Asset Management Solutions: Advanced machine-to-machine communication technologies offered by Tennant enable real-time monitoring and management of equipment, further enhancing operational efficiency for users.
The company promotes its innovative products under several brands, including Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen, as well as private-label brands to address the diverse needs of its global customer base in a variety of settings.
Contact Information
