Tennant Company · NYSE:TNC
Tennant — Q3 2025 Earnings Presentation
19 slides from Tennant's earnings presentation, Nov 4, 2025
Slide 1: Q3 2025 Results
Q3 2025 Results Earnings Release Call November 4, 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: Third Quarter Highlights
Third Quarter 2025 Results Third Quarter Net Sales Highlights $303.3M Order Momentum Continues -5.4% Organic Decline ► Orders grew 2% during the second quarter and 6% YTD ► Executing our Enterprise strategy amid a complex market environment and tariff landscape Adj. EBITDA* Strong Margin Performance
Slide 4: Enterprise Growth Strategy Update
Enterprise Growth Strategy Update Pricing Excellence Strong Demand for AMR ► North America tariff-offset pricing reading out ► Results bolstered by sales of X4 ROVR ► Strong price realization delivered 150 bps to ► X6 ROVR launch received strong top line result customer interest in both retail and i
Slide 5: Full-Year 2025 Guidance
Full-Year 2025 Guidance Tariff Impact ► Tariff pressures expected to modestly increase in Q4; strategic pricing and supply-chain initiatives substantially offset 2025 Guidance inflationary impacts ► Proactive sourcing, supplier negotiations, and logistics Organic Net Sales Decline (3.0)% – (5.0)% ad
Slide 6: Financial Results
FINANCIAL RESULTS Third Quarter 2025 Tennant Company Earnings Release Call | Third Quarter 2025 www.investors.tennantco.com
Slide 7: Third-Quarter 2025 Financial Performance
Tennant Company Third-Quarter 2025 Financial Performance Third-quarter net income of $14.9M, Net Income In millions of USD Adjusted EPS* compared to $20.8M in the prior year ► Lower net sales primarily driven by volume declines across all geographies, particularly in North America, which was lapping
Slide 8: Third-Quarter 2025 Results
Tennant Company Third-Quarter 2025 Results Net Sales Adjusted EBITDA* $9 M $316 M $7 M $50 M $48 M $4 M $303 M $6 M ($26 M) ($11 M) Q3'24 Net Sales Price Volume FX Q3'25 Net Sales Q3'24 Volume Margin S&A / Other Q3'25 Adj. EBITDA Adj. EBITDA By Region** Gross Margin increased 30 bps to 42.7% Product
Slide 9: Capital Deployment
Tennant Company Capital Deployment Cash Flow YE 2024 Q3 2025 $25 M Total Debt $200M $239M $29 M ($23 M) $1 M $100 M ($6 M) ($5 M) Net Debt $100M $139M $80 M Net Leverage* 0.48x 0.69x Q2'25 Cash Operating CapEx Debt, net Share Repurchases Dividends Other Q3'25 Cash Revolver Availability $409.3M Perfo
Slide 10: Full-Year Guidance
$1.210B - $1.250B Net Sales (3.0)% - (5.0)% Organic Net Sales Decline $3.80 - $4.30 Diluted EPS $5.70 - $6.20 Full-Year Adjusted Diluted EPS(1) Guidance $196M - $209M TNC Earnings Release Call | Third Quarter 2025 Adjusted EBITDA(1) 16.2% - 16.7% Adjusted EBITDA Margin(1) ~$20M Capital Expenditures(
Slide 11: www.investors.tennantco.com
www.investors.tennantco.com
Slide 12: Thank You
www.investors.tennantco.com THANK YOU TNC Earnings Release Call | Third Quarter 2025 12
Slide 13: Appendix
APPENDIX Third Quarter 2025 Tennant Company Earnings Release Call | Third Quarter 2025 www.investors.tennantco.com
Slide 14: 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 15: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Third Quarter 2025 15
Slide 16: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Third Quarter 2025 16
Slide 17: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Third Quarter 2025 17
Slide 18: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Third Quarter 2025 18
Slide 19: Supplemental Non-GAAP Financial Tables
Tennant Company SUPPLEMENTAL NON-GAAP FINANCIAL TABLES TNC Earnings Release Call | Third Quarter 2025 19