Q3 2025 Tennant Co Earnings Call Transcript

Nov 4, 2025 / 03:00 PM GMT

Release Date Price: €68 (-0.73%)

Transcript 10-Q8-K

Key Points

Positve

Tennant Co (TNC) achieved a 2% growth in order rates compared to Q3 2024, marking six consecutive quarters of order growth.
The company expanded gross margins by 30 basis points through disciplined pricing, offsetting higher freight and tariff costs.
Adjusted EBITDA margin improved by 120 basis points, driven by margin expansion and disciplined expense management.
Tennant Co (TNC) returned $28 million to shareholders through dividends and share repurchases, demonstrating a commitment to capital allocation and value creation.
The company successfully launched the T 360 mid-size Wahi scrubber and expanded its AMR robotics business, with sales increasing by 9% and unit volumes by 25% year-to-date.

Negative

Net sales declined by 5.4% on an organic basis, primarily due to volume declines across all geographies.
The company faced increased costs associated with its ERP project, legal contingency costs, and restructuring charges.
Tariff volatility created cost challenges and uncertainty, impacting customer purchasing behavior and delaying planned purchases.
North American industrial demand showed signs of softening, with some customers deferring purchases due to tariff uncertainty.
Despite efforts to mitigate tariff impacts, the company anticipates sustained macroeconomic volatility and ongoing tariff-related pressures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TNC.N - Tennant Co
Q3 2025 Tennant Co Earnings Call
Nov 04, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to Tenant Company's 3rd quarter 2025 earnings conference call. This call is being recorded. There will be time for Q&A at the end of the call. Please press 1 if you would like to ask a question. After the Q&A, please stay on the line for closing remarks from management. If you have joined our call today via telephone and logged into the conference call presentation on your computer, please keep the audio on your computer to avoid potential quality issues during the call.

Thank you for participating in tenant company's 3rd quarter 2035 earnings on first call.

Beginning today's meeting is Mr. Lorenzo Bassi,

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