Tennant Company filed its Form 10-Q for the quarterly period ended September 30, 2026, with the Securities and Exchange Commission on November 3, 2026, reporting third-quarter net sales of $322.3 million and net income of $19.5 million.

Key Highlights

  • Net sales of $322.3 million for the three months ended September 30, 2026, compared with $303.3 million in the same period of 2025, according to the filing.
  • Net income of $19.5 million for the third quarter of 2026, versus $14.9 million in the third quarter of 2025, as reported in the consolidated statements of income.
  • Diluted earnings per share of $1.12 for the three months ended September 30, 2026, compared with $0.80 for the same period in 2025.
  • Nine-month net income of $27.3 million, down from $48.2 million in the first nine months of 2025, the filing disclosed.
  • Long-term debt increased to $358.3 million as of September 30, 2026, from $273.2 million at December 31, 2025, per the consolidated balance sheet.
  • Net cash used in operating activities was $14.3 million for the nine months ended September 30, 2026, compared with net cash provided of $50.8 million in the prior-year period.
  • 17,009,836 shares of common stock outstanding as of October 30, 2026, as stated on the filing's cover page.

Tennant Company Third-Quarter 2026 Financial Results and Balance Sheet Position

Tennant Company (NYSE:TNC), a Minnesota-based registrant, reported third-quarter 2026 net sales of $322.3 million, up from $303.3 million in the third quarter of 2025, according to the unaudited consolidated statements of income included in the filing. Gross profit for the quarter was $136.3 million, compared with $129.4 million a year earlier. Operating income increased to $31.2 million from $22.3 million over the same comparison period, while interest expense, net, rose to $5.0 million from $2.4 million.

For the nine months ended September 30, 2026, the company disclosed net sales of $944.2 million versus $911.9 million in the prior-year period, while nine-month operating income declined to $52.0 million from $72.5 million. Net income for the nine-month period was $27.3 million, compared with $48.2 million for the same period in 2025. Basic earnings per share for the nine months were $1.59, against $2.60 a year earlier, and diluted earnings per share were $1.57 versus $2.57.

The consolidated balance sheet as of September 30, 2026, showed total assets of $1,293.2 million, compared with $1,268.9 million at December 31, 2025. Total liabilities rose to $743.0 million from $665.5 million over the same period, primarily reflecting the increase in long-term debt. The company reported cash and cash equivalents of $75.3 million at September 30, 2026, down from $106.4 million at the start of the year. For the nine months ended September 30, 2026, the filing disclosed repurchases of common stock totaling $60.6 million and dividends paid of $16.0 million. The weighted average basic shares outstanding for the nine-month period were 17,118,309, compared with 18,507,222 in the prior-year period.

What Was Disclosed

Tennant Company's 10-Q for the quarter ended September 30, 2026, disclosed quarterly net sales of $322.3 million, net income of $19.5 million, diluted EPS of $1.12, long-term debt of $358.3 million, and net cash used in operating activities of $14.3 million for the nine-month period.