Tennant Company · NYSE:TNC
Tennant — Q4 2025 Earnings Presentation
21 slides from Tennant's earnings presentation, Feb 24, 2026
Slide 1: Q4 and Full-Year 2025 Results, Full-Year 2026 Guidance
Q4 and Full-Year 2025 Results Full-Year 2026 Guidance Earnings Release Call February 24, 2026 www.investors.tennantco.com
Slide 2: Safe Harbor Statement
Tennant Company Safe Harbor Statement Certain statements contained in this document are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements do not relate to strictly historical or current facts and provide current expectations
Slide 3: Executive Summary
Fourth-Quarter Results Full-Year Results Executive Summary ERP update Net Sales Net Sales ► ERP go-live in Q425 introduced unexpected challenges (order management, fulfillment, scheduling) $291.6M $1,203.5M -13.9% Organic Decline -7.3% Organic Decline ► Targeted and decisive actions taken to stabili
Slide 4: 2025 Year in Review
2025 Year in Review Innovation & Growth Platforms Capital Allocation Discipline ► Four new major products launched ► Repurchased ~$88M in shares, or ~6% of outstanding shares, demonstrating continued commitment to shareholder value creation ► AMR sales of $85 million with strong X4/X6 adoption ► Pai
Slide 5: Launch of Dedicated TNC Robotics Group
Tennant Company Launch of Dedicated TNC Robotics Group PRODUCT COVERAGE GO-TO-MARKET CUSTOMER INTERFACE ► Acceleration and ► Increase brand ► Scaling of demo, pilot, product portfolio awareness and and deployment optimization demand generation capabilities TNC Earnings Release Call | Fourth Quarter
Slide 6: Looking Ahead to 2026
Looking Ahead to 2026 ERP Stabilization Demand Resilience & Financial Progress ► Target North America ERP stability early in 2026, with efficiency improving ► Capture resilient demand and backlog momentum as through the first half operational stability returns ► Expect phase out of manual workaround
Slide 7: Financial Results
Financial Results Fourth Quarter and Full Year 2025 Tennant Company Earnings Release Call | Fourth Quarter and Full Year 2025 www.investors.tennantco.com 7
Slide 8: Fourth-Quarter and Full-Year Financial Performance
Tennant Company Fourth-quarter results shifted from net income in the Fourth-Quarter and Full- prior year to a net loss Year Financial Performance ► Quarter significantly impacted by the North America ERP transition, which reduced fourth-quarter profitability by roughly $17 million ► Year-over-year
Slide 9: Fourth-Quarter 2025 Results
Tennant Company Fourth-Quarter 2025 Results Net Sales Adjusted EBITDA* $329 M $4 M $4 M $47 M $9 M $292 M ($20 M) $26 M ($50 M) ($5 M) Q4'24 Price Volume*** Margin/Other Q4'25 Q4'24 Net Sales Price Volume*** FX Q4'25 Net Sales Adj. EBITDA Adj. EBITDA TNC Earnings Release Call | Fourth Quarter and Fu
Slide 10: Full-Year 2025 Results
Tennant Company Full-Year 2025 Results Net Sales Adjusted EBITDA* $19 M $19 M $1,287 M $209 M $9 M $1,204 M ($47 M) $167 M ($111 M) ($14 M) 2024 Net Sales Price Volume*** FX 2025 Net Sales 2024 Adj. EBITDA Price Volume*** Margin/Other 2025 Adj. EBITDA TNC Earnings Release Call | Fourth Quarter and F
Slide 11: Capital Deployment
Tennant Company Capital Deployment Cash Flow $74 M $65 M ($22 M) ($3 M) $2 M $106 M $100 M ($110 M) TNC Earnings Release Call | Fourth Quarter and Full Year 2025 2024 Cash Operating CapEx M&A Debt, net Dividends / Proceeds from 2025 Cash Performance Share Repurchases stock options / FX / Other Capit
Slide 12: Full-Year Guidance
$1.240B - $1.280B Net Sales 3.0% – 6.5% Organic Net Sales Growth $4.05 - $4.65 Diluted EPS $4.70 - $5.30 Full-Year Adjusted Diluted EPS(1) TNC Earnings Release Call | Fourth Quarter and Full Year 2025 Guidance $175M - $190M Adjusted EBITDA(1) 14.1% - 14.8% Adjusted EBITDA Margin(1) ~$25M Capital Exp
Slide 13: www.investors.tennantco.com
T260 Z50 Citadel Walk Behind Outdoor Sweeper Floor Scrubber www.investors.tennantco.com 13
Slide 14: Thank You
www.investors.tennantco.com THANK YOU TNC Earnings Release Call | Fourth Quarter and Full Year 2025 14
Slide 15: Appendix
APPENDIX Fourth Quarter and Full Year 2025 Tennant Company Earnings Release Call www.investors.tennantco.com 15
Slide 16: Non-GAAP Financial Measures
Tennant Company Non-GAAP Financial Measures This presentation and the related conference call include presentation of Non-GAAP measures that include or exclude special items of a nonrecurring and/or nonoperational nature (hereinafter referred to as “special items”). Management believes that the Non-
Slide 17: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Fourth Quarter and Full Year 2025 17
Slide 18: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Fourth Quarter and Full Year 2025 18
Slide 19: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Fourth Quarter and Full Year 2025 19
Slide 20: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Fourth Quarter and Full Year 2025 20
Slide 21: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Fourth Quarter and Full Year 2025 21