Tennant Q1 sales beat analyst estimates, helped by price hikes

Tennant

04/05/2026 21:26

Overview

US cleaning equipment maker's Q1 sales rose 2.7%, beating analyst expectations

Adjusted EPS for Q1 beat consensus but fell 48% yr/yr due to ERP-related costs

Company repurchased $60 mln in shares, about 5% of shares outstanding

Outlook

Tennant sees 2026 net sales of $1.24 bln to $1.28 bln

Company expects 2026 adjusted diluted EPS of $4.70 to $5.30

Tennant reaffirms 2026 outlook, citing robust demand and operational progress

Result Drivers

ERP RECOVERY IMPACTS - Lower volumes in North America and higher labor and freight costs were attributed to ERP system recovery issues earlier in the quarter

PRICING AND CURRENCY - Sales growth was supported by price increases and favorable foreign currency effects

ORDER MOMENTUM - Orders increased 10% year over year, reflecting strong and broad-based demand

Company press release: ID:nBw9fShxFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$297.9 mln
$289.25 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$0.58
$0.40 (3 Analysts)
Q1 EPS
$0.01
Q1 Net Income
$200,000
Q1 Adjusted EBITDA Margin
9.8%


Analyst Coverage

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"

Wall Street's median 12-month price target for Tennant Co is $88.50, about 6.9% above its May 1 closing price of $82.78

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)