Tennant Company · NYSE:TNC
Tennant — Q1 2026 Earnings Presentation
20 slides from Tennant's earnings presentation, May 5, 2026
Slide 1: Q1 2026 Results
Q1 2026 Results Earnings Release Call May 5, 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: First Quarter Highlights
First Quarter 2026 Results First Quarter Net Sales Highlights $297.9M Order Momentum Continues -1.9% Organic Decline ► Orders grew 10% during the first quarter, demonstrating strong and broad-based demand momentum ► Backlog grew $32 million in the first quarter, as robust order entry outpaced shipme
Slide 4: ERP North America Recovery
Tennant Company ERP North America Recovery North America ERP Recovery on Track; Shifting from Stabilization to Optimization Stabilization Complete Shift to Optimization ► Core workflows (order management, ► Focus moved from fixing functionality to production scheduling, fulfillment) operating drivin
Slide 5: TNC Robotics Momentum
Tennant Company TNC Robotics Momentum Acting Decisively to Capture the Robotic Cleaning Inflection Point New Products, Proven Scale TNC Robotics Brain Corp New Channels and Leadership Venture Activated Partnership Extended ► Launched X16 SWEEP (industrial robotic sweeper) and ► Profitable, U.S.-base
Slide 6: Capital Allocation Framework
Tennant Company Capital Allocation Framework Disciplined Capital Allocation Driving Long-Term Shareholder Value Invest in the Business ► Prioritize organic growth, R&D, and operational improvements ► Target ~3.0% to 3.5% of sales in R&D; $20M to $25M annual capex Maintain Balance Sheet Strength ► Ta
Slide 7: Financial Results
FINANCIAL RESULTS First Quarter 2026 Tennant Company Earnings Release Call | First Quarter 2026 www.investors.tennantco.com
Slide 8: First-Quarter 2026 Financial Performance
Tennant Company First-Quarter 2026 Financial Performance First-quarter net income of $0.2M, Net Income In millions of USD Adjusted EPS* compared to $13.1M in the prior year ► Gross margin compression associated with $13.1 ERP recovery efforts and shifting customer $1.12 mix, coupled with higher oper
Slide 9: First-Quarter 2026 Results
Tennant Company First-Quarter 2026 Results Net Sales Adjusted EBITDA* $12 M $12 M $12 M $298 M $41 M ($7 M) $290 M ($14 M) $29 M ($16 M) ($3 M) Q1'25 Net Sales Price Volume FX Q1'26 Net Sales Q1'25 Price Volume Margin S&A / Other Q1'26 Adj. EBITDA Adj. EBITDA By Region** Gross Margin decreased 330 b
Slide 10: Capital Deployment
Tennant Company Capital Deployment Cash Flow YE 2025 Q1 2026 $85 M Total Debt $273.6M $358.7M $106 M Net Debt $167.2M $276.1M ($60 M) $83 M ($6 M) ($8 M) Net Leverage* 1.00x 1.78x ($31 M) ($3 M) 2025 Cash Operating CapEx Debt, net Share Repurchases Dividends Other Q1'26 Cash Revolver Availability $2
Slide 11: 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) Guidance $175M - $190M TNC Earnings Release Call | First Quarter 2026 Adjusted EBITDA(1) 14.1% - 14.8% Adjusted EBITDA Margin(1) ~$25M Capital Expenditures (1) N
Slide 12: www.investors.tennantco.com
www.investors.tennantco.com
Slide 13: Thank You
www.investors.tennantco.com THANK YOU TNC Earnings Release Call | First Quarter 2026 13
Slide 14: Appendix
APPENDIX First Quarter 2026 Tennant Company Earnings Release Call | First Quarter 2026 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 | First Quarter 2026 16
Slide 17: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | First Quarter 2026 17
Slide 18: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | First Quarter 2026 18
Slide 19: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | First Quarter 2026 19
Slide 20: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | First Quarter 2026 20