Tennant Company (TNC) Q3 2025 TL;DR Summary (Form 10-Q)
Tennant Company reported mixed third-quarter results for the period ending September 30, 2025, marked by sales contraction, significant legal expenses, and aggressive capital deployment toward shareholders. Management attributes the lower top line to macroeconomic headwinds and lapping prior backlog fulfillment, particularly impacting the Americas segment and Equipment sales.
Financial Performance Summary (Q3 2025 vs. Q3 2024):
- Net Sales: Decreased 4.0% to $303.3M; Organic Sales declined 5.4%. Favorable foreign currency