$69.580
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Noticias de TNC
Eventos de TNC
Raises FY26 Revenue Outlook to $1.27B-$1.31B
Raises FY26 revenue view to $1.27B-$1.31B from $1.24B-$1.28B, consensus $1.27B.
Tennant Q2 Revenue at $324M, Below Expectations
Reports Q2 revenue $324M, consensus $329.55M. "Our second quarter results reflect solid demand and order growth, though margin recovery progressed more slowly than we expected," said Dave Huml, Tennant President and Chief Executive Officer. "Orders grew across most of our regions, robotics revenue grew approximately 37%, and backlog continued to build, underscoring the strength of underlying demand for our products. At the same time, residual ERP-related inefficiencies in North America and margin pressure in EMEA weighed on profitability more than we anticipated. We are taking targeted actions to address these challenges. Reflecting the strength of our order book, backlog, and continued robotics momentum, we are raising our full-year net sales guidance while lowering our full-year Adjusted EBITDA guidance range to reflect both the profitability impacts experienced in the first half of the year and a more measured pace of margin recovery in the second half."
Tennant Company Appoints Richard Zay as COO
Tennant Company announced that Richard Zay has been appointed Chief Operating Officer, effective July 1, 2026. Zay, currently serving as the organization's Chief Commercial Officer, has been on the company's leadership team since 2010.
Tennant Company Launches X2 ROVR SCRUB Autonomous Floor Scrubber
Tennant Company announced the launch of the X2 ROVR SCRUB, its smallest and most nimble autonomous floor scrubber designed to deliver consistent, repeatable cleaning performance in tight, high-traffic commercial environments. Built for small retail, grocery, healthcare, education, convenience stores, and other space-constrained facilities, the X2 ROVR SCRUB enables organizations to automate routine floor cleaning in areas where larger machines are impractical, helping teams maintain high standards of cleanliness amid ongoing labor shortages and increasing pressure to do more with fewer resources.
Tennant Company Authorizes Repurchase of 2 Million Shares
Directors of Tennant Company authorized a new share repurchase program of up to 2,000,000 shares of the Company's common stock, effective April 29, 2026. This authorization is in addition to approximately 560,000 shares remaining under the Company's current repurchase program. With this new authorization, the company now has capacity to repurchase up to 2,560,000 shares which represents 15% of the basic shares currently outstanding. "The Board's authorization of a new two-million-share repurchase program reflects strong confidence in Tennant's strategic direction and reinforces our commitment to disciplined, balanced capital allocation," said Dave Huml, Tennant President and Chief Executive Officer. "This program gives us greater flexibility to manage capital priorities with a clear focus on driving sustainable, long-term shareholder value, while preserving the financial capacity to invest in our growth agenda."
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