Tennant Company Reports Third Quarter 2026 Results
Business Wire•02/11/2026•16:15 ET
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Key Highlights
- ➤Net sales $322.3 million, up 6.2% year over year
- ➤Orders rose 9.5%, with backlog approximately $118 million
- ➤Robotics sales approximately $37.3 million, up 71% year over year
- ➤Adjusted EBITDA $48.8 million, down 2.0%; margin fell 130 basis points
- ➤Full-year 2026 guidance reaffirmed, including adjusted EBITDA $155-$170 million
Expert Statements
Dave Huml, President and Chief Executive Officer of Tennant Company
“Our third quarter performance demonstrated strong momentum across the business, with orders up 9.5% and record third-quarter net sales, up 6%,”
Dave Huml, President and Chief Executive Officer of Tennant Company
“Robotics continues to deliver, with revenue up 71% in the quarter and year-to-date robotics sales already exceeding full-year 2025.”
Dave Huml, President and Chief Executive Officer of Tennant Company
“Gross margin recovery progressed ahead of expectations and our North America ERP operations continued to improve, though parts shortages continued to impact shipments, contributing to a $118 million backlog exiting the quarter.”
Dave Huml, President and Chief Executive Officer of Tennant Company
“While we are taking disciplined action to address softer demand in EMEA and APAC, we are encouraged by strong Americas orders, an elevated backlog and continued robotics momentum.”
Dave Huml, President and Chief Executive Officer of Tennant Company
“As a result, we are reaffirming our full-year guidance.”
Order Growth and Robotics Momentum Continued as Margin Recovery Progressed
Net Sales of $322 Million, a 6.2% Increase over Prior-Year Period Driven by Volume Growth
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