Tennant Company (TNC) reported second-quarter 2026 net sales of $324.0 million, up 1.7% from $318.6 million a year earlier. Net income fell to $7.6 million from $20.2 million, and diluted earnings per share declined to $0.44 from $1.08.
The company said orders increased 6.6% year over year to $339.5 million, while backlog reached $127 million. Tennant raised its full-year net sales guidance to $1.270 billion to $1.310 billion and lowered adjusted EBITDA guidance to $155 million to $170 million.
- Second-quarter net sales were $324.0 million, compared with $318.6 million in the prior-year period.
- Net income was $7.6 million, compared with $20.2 million a year earlier.
- Diluted EPS was $0.44, down from $1.08 in the second quarter of 2025.
- Orders rose 6.6% year over year to $339.5 million, and backlog built to $127 million.
- AMR sales were approximately $31 million, up 37% year over year.
- Tennant cited residual ERP-related inefficiencies in North America and pricing and volume pressure in EMEA as weighing on profitability.
$TNC Insider Trading Activity
$TNC insiders have traded $TNC stock on the open market 9 times in the past 6 months. Of those trades, 6 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $TNC stock by insiders over the last 6 months:
- DONAL L MULLIGAN has made 2 purchases buying 8,000 shares for an estimated $504,130 and 0 sales.
- JAMES T JR. GLERUM purchased 8,163 shares for an estimated $499,979
- DAVID W. HUML (PRESIDENT AND CEO) has made 3 purchases buying 4,000 shares for an estimated $257,560 and 0 sales.
- DAVID WINDLEY sold 3,694 shares for an estimated $235,898
- CAROL S EICHER sold 3,130 shares for an estimated $193,997
- AZITA ARVANI sold 3,156 shares for an estimated $193,793
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$TNC Hedge Fund Activity
We have seen 93 institutional investors add shares of $TNC stock to their portfolio, and 135 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 677,439 shares (+6008.9%) to their portfolio in Q1 2026, for an estimated $44,981,949
- SIMCOE CAPITAL MANAGEMENT, LLC added 372,950 shares (+inf%) to their portfolio in Q1 2026, for an estimated $24,763,880
- MILLENNIUM MANAGEMENT LLC removed 306,453 shares (-85.5%) from their portfolio in Q1 2026, for an estimated $20,348,479
- MAIRS & POWER INC removed 268,160 shares (-25.0%) from their portfolio in Q1 2026, for an estimated $17,805,824
- FULLER & THALER ASSET MANAGEMENT, INC. removed 253,005 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $16,799,532
- GAMCO INVESTORS, INC. ET AL added 203,802 shares (+40.5%) to their portfolio in Q1 2026, for an estimated $13,532,452
- P2 CAPITAL PARTNERS, LLC removed 180,743 shares (-37.3%) from their portfolio in Q1 2026, for an estimated $12,001,335
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
