Tennant Q3 Robotics Sales Rise 71% as Net Sales Grow 6.2%

Tennant reported third-quarter 2026 net sales of USD 322.3 million on November 2, up 6.2% from USD 303.3 million a year earlier. Organic sales grew 5.7%, with volume contributing 4.1 percentage points and price 1.6 points. Orders rose 9.5%, and backlog stood at approximately USD 118 million.

Robotics sales were approximately USD 37.3 million, up 71% from a year earlier. According to the results release, robotics sales for the first nine months of 2026 already exceed the company's robotics sales for all of 2025. In the second quarter, autonomous robot sales were about USD 31 million, up 37%.

Net income rose 30.9% to USD 19.5 million. Adjusted EBITDA fell 2.0% to USD 48.8 million, and the adjusted EBITDA margin narrowed to 15.1% from 16.4%, although it improved by 4.2 points from the second quarter. Chief executive Dave Huml said North American ERP operations continued to improve, but parts shortages still affected shipments.

Tennant kept its full-year 2026 guidance unchanged: net sales of USD 1,270 million to USD 1,310 million, organic growth of 3.5% to 7.0%, and adjusted EBITDA of USD 155 million to USD 170 million. The company said demand was softer in Europe, the Middle East and Africa and in Asia Pacific, while orders in the Americas were strong.