Tennant Company · NYSE:TNC
Tennant — Q2 2025 Earnings Presentation
20 slides from Tennant's earnings presentation, Aug 7, 2025
Slide 1: Q2 2025 Results Earnings Release Call
Q2 2025 Results Earnings Release Call August 7, 2025 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: Second Quarter Highlights
Second Quarter 2025 Results Second Quarter Net Sales Highlights $318.6M -4.5% Organic Decline Lapping Significant Backlog-Reduction Benefit ► Prior-year period benefited from a $26 million backlog reduction ► Second-quarter results reflect a return to typical seasonality, product and channel mix Adj
Slide 4: Enterprise Growth Strategy Update
Enterprise Growth Strategy Update Pricing Excellence Strong Demand for AMR ► Early-year pricing initiatives delivered results in ► Results bolstered by sales of X4 ROVR Americas and EMEA ► X6 ROVR launch received strong market feedback, ► North America tariff-related pricing began boosting presence
Slide 5: Z50 Citadel Outdoor Sweeper Launched in June 2025
Tennant Company Z50 Citadel Outdoor Sweeper For industrial sites such as mining, manufacturing, logistics, and municipal settings Performance Boost Health, Safety, and Environment Integrity ► TwinLift Debris Management System delivers ► Protects air quality and the operating environment with excepti
Slide 6: Reaffirming Full-year 2025 Guidance
Reaffirming Full-year 2025 Guidance Tariff Impact 2025 Guidance ► Limited impact on first-half results ► Mitigation strategies remain effective, with pricing and supply-chain actions expected to Organic Net Sales Decline (1.0)% – (4.0)% offset full-year tariff-related cost inflation Order Growth Rat
Slide 7: Financial Results
FINANCIAL RESULTS Second Quarter 2025 Tennant Company Earnings Release Call | Second Quarter 2025 www.investors.tennantco.com
Slide 8: Second-Quarter 2025 Financial Performance
Tennant Company Second-Quarter 2025 Financial Performance Second-quarter net income of $20.2M, compared to $27.9M in the prior year Net Income In millions of USD Adjusted EPS* ► Lower net sales primarily driven by volume declines across all geographies, particularly in North America, which was lappi
Slide 9: Second-Quarter 2025 Results
Tennant Company Second-Quarter 2025 Results Net Sales Adjusted EBITDA* $6 M $331 M $59 M $2 M $319 M ($20 M) $51 M $2 M ($9 M) ($1 M) Q2'24 Net Sales Price Volume FX Q2'25 Net Sales Q2'24 Volume Margin S&A / Other Q2'25 Adj. EBITDA Adj. EBITDA By Region** Gross Margin decreased 100 bps to 42.1% TNC
Slide 10: Capital Deployment
Tennant Company Capital Deployment Cash Flow $22 M YE 2024 Q2 2025 ($4 M) Total Debt $200M $214M ($13 M) Net Debt $100M $134M $80 M $80 M ($5 M) Net Leverage* 0.48x 0.66x Q1 25 Cash Operating CapEx Share Repurchases Dividends Q2 25 Cash Perfomance Revolver Availability $434.3M TNC Earnings Release C
Slide 11: Reaffirms Full-Year Guidance
$1.210B - $1.250B Net Sales (1.0)% - (4.0)% Organic Net Sales Decline $3.80 - $4.30 Diluted EPS $5.70 - $6.20 Reaffirms Full- Adjusted Diluted EPS(1) Year Guidance $196M - $209M TNC Earnings Release Call | Second Quarter 2025 Adjusted EBITDA(1) 16.2% - 16.7% Adjusted EBITDA Margin(1) ~$20M Capital E
Slide 12: www.investors.tennantco.com
www.investors.tennantco.com
Slide 13: Thank You
www.investors.tennantco.com THANK YOU TNC Earnings Release Call | Second Quarter 2025 13
Slide 14: Appendix
APPENDIX Second Quarter 2025 Tennant Company Earnings Release Call | Second Quarter 2025 www.investors.tennantco.com
Slide 15: 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 16: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Second Quarter 2025 16
Slide 17: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Second Quarter 2025 17
Slide 18: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Second Quarter 2025 18
Slide 19: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Second Quarter 2025 19
Slide 20: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Second Quarter 2025 20