Tennant Company (TNC) Q2 2025 Earnings Call Transcript
Earnings Conference Call Overview: Tennant Company held its Q2 2025 earnings conference call on August 7, 2025, featuring key executives including CEO David W. Huml and CFO Fay West, who discussed the company's performance and financial results.
Forward-Looking Statements Warning: The conference included a caution regarding forward-looking statements about future performance, highlighting potential risks and uncertainties that could affect actual results.
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Kopion Acquires 35,531 Shares of Tennant for Approximately $2.72 Million
- Share Acquisition: Kopion Asset Management disclosed the purchase of 35,531 shares of Tennant during Q4, amounting to approximately $2.72 million, indicating confidence in the company's future performance despite a 7.4% decline in stock price over the past year.
- Holding Status: Following the acquisition, Kopion's total stake in Tennant reached 123,037 shares valued at about $9.07 million, representing 6.48% of its assets under management, highlighting its significance in the investment portfolio.
- Financial Performance: Tennant reported net sales of $303 million, down 4% year-over-year, yet adjusted EBITDA rose to $49.8 million, demonstrating effective cost control and pricing discipline amidst a volume downturn.
- Shareholder Returns: In the latest quarter, Tennant returned $28 million to shareholders through dividends and buybacks while raising its dividend again, reflecting its stability and strong cash flow generation capabilities throughout the economic cycle.
Kopion Asset Management Acquires 35,531 Shares of Tennant for $2.72 Million
- Share Acquisition: Kopion Asset Management acquired 35,531 shares of Tennant in Q4, with an estimated trade size of $2.72 million, reflecting confidence in the company's future performance.
- Increased Stake Value: By quarter-end, Kopion's total stake in Tennant reached 123,037 shares valued at approximately $9.07 million, an increase of $1.97 million from the previous quarter, indicating a positive stock price trend.
- Profitability Improvement: Although Tennant's net sales declined by 4% year-over-year, adjusted EBITDA rose to $49.8 million, with the EBITDA margin expanding by 120 basis points, demonstrating successful cost control measures.
- Shareholder Returns: Tennant returned $28 million to shareholders through dividends and buybacks in the quarter, continuously raising its dividend, showcasing strong cash flow and robust financial management.
Upcoming Ex-Dividend Dates for CSX, Tennant, and MillerKnoll
Upcoming Ex-Dividend Dates: On 11/28/25, CSX Corp, Tennant Co., and MillerKnoll Inc will trade ex-dividend, with respective dividends of $0.13, $0.31, and $0.1875 scheduled for payment on 12/15/25 and 1/15/26.
Expected Price Adjustments: Following the ex-dividend date, CSX shares are expected to open 0.37% lower, Tennant Co. by 0.42%, and MillerKnoll Inc by 1.18%, based on their recent stock prices.
Dividend Yield Estimates: The estimated annualized yields for the companies are 1.49% for CSX Corp, 1.68% for Tennant Co., and 4.72% for MillerKnoll Inc, reflecting their historical dividend stability.
Current Stock Performance: As of Wednesday trading, CSX Corp shares are up 1.5%, Tennant Co. shares are up 4.1%, and MillerKnoll Inc shares are up 3.7%.
Tennant: Overview of Q3 Earnings
Third Quarter Earnings: Tennant Co. reported a net income of $14.9 million for the third quarter, equating to 80 cents per share, with adjusted earnings of $1.46 per share.
Revenue Performance: The company generated revenue of $303.3 million during the same period, reflecting its operations in cleaning products for various environments.
Full-Year Earnings Forecast: Tennant anticipates full-year earnings to be between $5.70 and $6.20 per share.
Revenue Projections: The company expects its total revenue for the year to fall within the range of $1.21 billion to $1.25 billion.
Tennant Company Reports Decline in Q3 Profit, Falling Short of Expectations
Third Quarter Earnings: Tennant Company reported a profit of $14.9 million, or $0.80 per share, for the third quarter, a decrease from $20.8 million, or $1.09 per share, in the same period last year.
Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $27.3 million, or $1.46 per share, which fell short of analysts' expectations of $1.50 per share.
Revenue Decline: The company's revenue decreased by 4.0% to $303.3 million compared to $315.8 million in the previous year.
Future Guidance: Tennant Company provided full-year EPS guidance of $5.70 - $6.20 and revenue guidance of $1,210 - $1,250 million.
Tennant (TNC) Q3 Earnings Report: Key Insights to Anticipate
Tennant Company Earnings Report: Tennant Company is set to report its earnings after the market closes on Monday, following a disappointing last quarter where it missed revenue expectations by 2.6%, with revenues of $318.6 million, down 3.7% year-on-year.
Analysts' Expectations: For the upcoming quarter, analysts predict a revenue decline of 3.1% year-on-year to $306 million, with adjusted earnings expected at $1.50 per share, while analysts have generally maintained their estimates over the past month.
Peer Performance: In the industrial machinery sector, peers like Xylem and Columbus McKinnon have reported strong revenue growth, with Xylem up 7.8% and Columbus McKinnon up 7.7%, both exceeding analysts' expectations.
Market Sentiment: Despite a flat market for industrial machinery stocks, Tennant's shares have decreased by 3.4% over the past month, with an average analyst price target of $108.75 compared to its current price of $80.
Kopion Acquires 35,531 Shares of Tennant for Approximately $2.72 Million
- Share Acquisition: Kopion Asset Management disclosed the purchase of 35,531 shares of Tennant during Q4, amounting to approximately $2.72 million, indicating confidence in the company's future performance despite a 7.4% decline in stock price over the past year.
- Holding Status: Following the acquisition, Kopion's total stake in Tennant reached 123,037 shares valued at about $9.07 million, representing 6.48% of its assets under management, highlighting its significance in the investment portfolio.
- Financial Performance: Tennant reported net sales of $303 million, down 4% year-over-year, yet adjusted EBITDA rose to $49.8 million, demonstrating effective cost control and pricing discipline amidst a volume downturn.
- Shareholder Returns: In the latest quarter, Tennant returned $28 million to shareholders through dividends and buybacks while raising its dividend again, reflecting its stability and strong cash flow generation capabilities throughout the economic cycle.
Kopion Asset Management Acquires 35,531 Shares of Tennant for $2.72 Million
- Share Acquisition: Kopion Asset Management acquired 35,531 shares of Tennant in Q4, with an estimated trade size of $2.72 million, reflecting confidence in the company's future performance.
- Increased Stake Value: By quarter-end, Kopion's total stake in Tennant reached 123,037 shares valued at approximately $9.07 million, an increase of $1.97 million from the previous quarter, indicating a positive stock price trend.
- Profitability Improvement: Although Tennant's net sales declined by 4% year-over-year, adjusted EBITDA rose to $49.8 million, with the EBITDA margin expanding by 120 basis points, demonstrating successful cost control measures.
- Shareholder Returns: Tennant returned $28 million to shareholders through dividends and buybacks in the quarter, continuously raising its dividend, showcasing strong cash flow and robust financial management.
Upcoming Ex-Dividend Dates for CSX, Tennant, and MillerKnoll
Upcoming Ex-Dividend Dates: On 11/28/25, CSX Corp, Tennant Co., and MillerKnoll Inc will trade ex-dividend, with respective dividends of $0.13, $0.31, and $0.1875 scheduled for payment on 12/15/25 and 1/15/26.
Expected Price Adjustments: Following the ex-dividend date, CSX shares are expected to open 0.37% lower, Tennant Co. by 0.42%, and MillerKnoll Inc by 1.18%, based on their recent stock prices.
Dividend Yield Estimates: The estimated annualized yields for the companies are 1.49% for CSX Corp, 1.68% for Tennant Co., and 4.72% for MillerKnoll Inc, reflecting their historical dividend stability.
Current Stock Performance: As of Wednesday trading, CSX Corp shares are up 1.5%, Tennant Co. shares are up 4.1%, and MillerKnoll Inc shares are up 3.7%.
Tennant: Overview of Q3 Earnings
Third Quarter Earnings: Tennant Co. reported a net income of $14.9 million for the third quarter, equating to 80 cents per share, with adjusted earnings of $1.46 per share.
Revenue Performance: The company generated revenue of $303.3 million during the same period, reflecting its operations in cleaning products for various environments.
Full-Year Earnings Forecast: Tennant anticipates full-year earnings to be between $5.70 and $6.20 per share.
Revenue Projections: The company expects its total revenue for the year to fall within the range of $1.21 billion to $1.25 billion.
Tennant Company Reports Decline in Q3 Profit, Falling Short of Expectations
Third Quarter Earnings: Tennant Company reported a profit of $14.9 million, or $0.80 per share, for the third quarter, a decrease from $20.8 million, or $1.09 per share, in the same period last year.
Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $27.3 million, or $1.46 per share, which fell short of analysts' expectations of $1.50 per share.
Revenue Decline: The company's revenue decreased by 4.0% to $303.3 million compared to $315.8 million in the previous year.
Future Guidance: Tennant Company provided full-year EPS guidance of $5.70 - $6.20 and revenue guidance of $1,210 - $1,250 million.
Tennant (TNC) Q3 Earnings Report: Key Insights to Anticipate
Tennant Company Earnings Report: Tennant Company is set to report its earnings after the market closes on Monday, following a disappointing last quarter where it missed revenue expectations by 2.6%, with revenues of $318.6 million, down 3.7% year-on-year.
Analysts' Expectations: For the upcoming quarter, analysts predict a revenue decline of 3.1% year-on-year to $306 million, with adjusted earnings expected at $1.50 per share, while analysts have generally maintained their estimates over the past month.
Peer Performance: In the industrial machinery sector, peers like Xylem and Columbus McKinnon have reported strong revenue growth, with Xylem up 7.8% and Columbus McKinnon up 7.7%, both exceeding analysts' expectations.
Market Sentiment: Despite a flat market for industrial machinery stocks, Tennant's shares have decreased by 3.4% over the past month, with an average analyst price target of $108.75 compared to its current price of $80.
