Tennant Reports First-Quarter Sales Growth as ERP Recovery Continues

Tennant reported first-quarter sales growth on May 4, 2026, as orders increased and its North American ERP recovery progressed. Revenue for the quarter ended March 31 reached $297.9 million, up 2.7% from $290.0 million a year earlier.

Profitability remained below the previous year's level. Reported net income was $0.2 million, compared with $13.1 million, while adjusted EBITDA fell to $29.1 million from $41.0 million. The adjusted EBITDA margin narrowed to 9.8% from 14.1%. Tennant identified elevated labor and freight costs and operating inefficiencies among the pressures on earnings.

The quarterly release also shows why reported growth and underlying trading differed. Higher prices added 4.2 percentage points to sales, while lower volume subtracted 6.1 points. Currency translation and acquisitions helped reported revenue rise despite a 1.9% organic decline. Orders reached approximately $327 million, up 10%, indicating stronger incoming demand than the shipment figures alone suggested.

Management said operational execution and customer processes improved progressively following the system transition. It reaffirmed its annual outlook in May while continuing the recovery work. For equipment customers, the combination of stronger orders and continuing inefficiencies made fulfillment performance an important part of the company's next reporting period.