Tennant Q3 net income climbs 31% year over year to $19.5 million
TNC•Tennant’s third-quarter net income rose 31% year over year to $19.5 million, while sales increased 6% to $322.3 million. Full-year 2026 guidance was unchanged at $1.27 billion–$1.31 billion in sales and diluted EPS of $2.15–$2.80.
1. Quarterly results
Third-quarter diluted earnings per share rose 40% year over year to $1.12, and net sales increased 6% to $322.3 million. Robotics net sales jumped 71% to approximately $37.3 million, with quarter-end backlog of approximately $118 million.
2. Cash flow and guidance
Quarterly operating cash flow fell 59% year over year to $11.9 million, which the company attributed to weaker operating performance and increased working capital requirements. Full-year 2026 guidance remained unchanged, with net sales of $1.27 billion–$1.31 billion and diluted earnings per share of $2.15–$2.80.
