Q2 2026 Tennant Co Earnings Call Transcript

Aug 6, 2026 / 02:00 PM GMT

Release Date Price: €73.05 (-2.73%)

Transcript 8-K

Key Points

Positve

Strong order growth of 6.6% year-over-year in Q2, with June orders up 11%, indicating robust demand.
Robotics business delivered exceptional performance, with AMR sales up 37% year-over-year and first-half growth of 56%.
Backlog increased to $127 million, up $18 million from Q1 and $50 million since year-end, providing momentum for H2.
Service and other sales grew 19.2%, driven by strong recurring revenue streams, including autonomy subscriptions that more than doubled.
Latin America delivered outstanding organic sales growth of 21%, supported by strategic accounts and commercial execution.

Negative

Adjusted EBITDA fell short of expectations, with gross margin pressure from ERP inefficiencies, competitive discounting in EMEA, and cost inflation.
North America experienced part shortages and production constraints, limiting ability to convert demand into shipments and increasing backlog.
EMEA organic sales declined 2.8% due to market softness, Middle East conflict impacts, and increased discounting leading to negative net pricing.
APAC organic sales declined 10.6% due to softer demand, elevated distributor inventories, and cautious customer spending.
Full-year adjusted EBITDA guidance was lowered to $155-$170 million, reflecting slower-than-expected ERP optimization and continued cost headwinds.

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

TNC.N - Tennant Co
Q2 2026 Tennant Co Earnings Call
Aug 06, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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