Tennant Q2 2026: Net income falls 62% to $7.6M as ERP delays, tariffs compress margins

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

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  Subsequent event: On July 28, 2026, we amended and extended four existing EUR-USD cross-currency interest rate swap agreements with an aggregate pay notional amount of €150.0 million and aggregate receive notional amount of $159.8 mill…

  Notes: Subsequent Events verify on EDGAR →
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  Net income fell 62% YoY to $7.6M ($0.44 diluted EPS, down 59%) on revenue up just 1.7% to $324M, as operating income dropped 48% to $15.9M. Gross margin compressed 260bp to 39.5% from ERP recovery costs, tariff pressure, and EMEA pricing concessions.

  MD&A: Operating Results verify on EDGAR →
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  Operating cash flow swung from $22.1M inflow to $26.2M outflow in H1 2026 (a $48.3M deterioration), driven by lower profitability and working capital consumption tied to ERP-related operational inefficiencies.

  MD&A: Liquidity verify on EDGAR →