Filing Flows › Tennant (TNC) › Q1 2026
Tennant (TNC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Tennant (TNC) reported revenue of $298M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +2% from the quarter before. Operating margin was 1.6%, net earnings $200K (0.1% of revenue).
Tennant, Q1 2026: revenue $298M (+3% year over year), operating margin 1.6%, net earnings $200K, operating cash flow −$31.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298M | +2% | +3% |
| Gross profit | $114M | +13% | -5% |
| Operating profit | $4.9M | — | -75% |
| Net earnings | $200K | — | -98% |
| Operating cash flow | −$31.2M | -320% | — |
What changed
Revenue was $297.9M in Q1 2026, up 3% year over year and up 2% from the previous quarter. Equipment was the largest line at 60% of revenue. Equipment added $5.3M year over year (up 3%), 67% of the total change. Parts and consumables declined 4%.
Gross margin was 38.1%, down 3.2 points from Q1 2025. Operating profit was $4.9M, a 1.6% margin (down 5.1 points year over year). Operating profit fell $14.7M even though revenue rose $7.9M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 3%. Net earnings were $200K, down 98% year over year. The effective tax rate was 77.8%.
Operating cash flow was −$31.2M. Non-cash charges added back $14.9M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $47.8M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$34.4M.
Questions
What was Tennant's revenue in the first quarter 2026?
Tennant (TNC) reported revenue of $298M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +2% from the quarter before.
Was Tennant profitable in the first quarter 2026?
Operating profit was $4.9M (1.6% of revenue) and net earnings $200K.
Source: Tennant 10-Q on SEC EDGAR.