Filing Flows › Tennant (TNC) › Q3 2026
Tennant (TNC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Tennant (TNC) reported revenue of $322M for the third quarter 2026 (Q3 2026), +6% from a year earlier and -0.5% from the quarter before. Operating margin was 9.7%, net earnings $19.5M (6.1% of revenue).
Tennant, Q3 2026: revenue $322M (+6% year over year), operating margin 9.7%, net earnings $19.5M, operating cash flow $11.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $322M | -0.5% | +6% |
| Gross profit | $136M | +7% | +5% |
| Operating profit | $31.2M | +96% | +40% |
| Net earnings | $19.5M | +157% | +31% |
| Operating cash flow | $11.9M | +138% | -59% |
| Free cash flow | $5.2M | — | -77% |
What changed
Revenue was $322.3M in Q3 2026, up 6% year over year and down 1% from the previous quarter. Equipment was the largest line at 60% of revenue. Equipment added $14.0M year over year (up 8%), 74% of the total change. Parts and consumables declined 6%.
Gross margin was 42.3%, down 0.4 points from Q3 2025. Operating profit was $31.2M, a 9.7% margin (up 2.3 points year over year). Of the extra revenue versus Q3 2025, 47% reached operating profit, above the 7% margin then. Operating expenses fell 2% while revenue rose 6%. The fastest-growing cost line was Research & development (+18%). Net earnings were $19.5M, up 31% year over year. The effective tax rate was 24.7%.
Operating cash flow was $11.9M (down 59% year over year), 61% of net earnings. Non-cash charges added back $14.6M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $23.7M. Capital expenditures of $6.7M left free cash flow of $5.2M.
Questions
What was Tennant's revenue in the third quarter 2026?
Tennant (TNC) reported revenue of $322M for the third quarter 2026 (Q3 2026), +6% from a year earlier and -0.5% from the quarter before.
Was Tennant profitable in the third quarter 2026?
Operating profit was $31.2M (9.7% of revenue) and net earnings $19.5M.
Source: Tennant 10-Q on SEC EDGAR.