Tennant lowers adjusted EBITDA outlook as Q2 sales slightly miss estimates

The company raised its full-year net sales guidance but lowered its adjusted EBITDA outlook due to the pace of margin recovery.

Tennant raised 2026 net sales guidance to $1.270-$1.310 bln, lowered 2026 adjusted EBITDA guidance to $155-$170 mln, and expects 2026 adjusted diluted EPS of $3.80-$4.45.

Cleaning equipment maker Tennant said second-quarter net sales rose 1.7%, a slight miss versus analyst expectations.

Adjusted EPS for the quarter fell 44% and also missed analyst expectations.

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Sales	Slight Miss*	$324 mln	$326.1 mln (3 Analysts)
Q2 Adjusted EPS	Miss	$0.83	$1.33 (3 Analysts)
Q2 EPS		$0.44
Q2 Net Income		$7.6 mln
Q2 Adjusted EBITDA Margin		10.9%

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Robotics sales grew 37% year over year, contributing to order momentum.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell".

The average consensus recommendation for the industrial machinery & equipment peer group is "buy".