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Tennant Company TNC Maintenance — Foreign currency fluctuations

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Other financials

Income statement

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Revenue$324.0M+1.7%
Gross profit$127.9M-4.6%
Operating income$15.9M-48.0%
Net income$7.6M-62.4%
EPS (diluted)$0.44-59.3%

Balance sheet

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Cash & equivalents$76.9M-4.0%
Total debt$392.7M+57.6%
Total equity$533.4M-18.2%
Total assets$1.3B+2.4%

Cash flow

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Operating cash flow-$31.2M-7,700%
CapEx$5.3M+39.5%
Free cash flow-$300.0K-102%

Valuation

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Market cap$1.31B-15.1%
Enterprise value$1.63B-4.7%
P/E30.5×+11.8×
P/S1.1×-0.2×

Profitability

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Gross margin38.8%-3.0pp
Operating margin3.5%-3.5pp
Net margin4.4%-4.1pp
FCF margin-0.2%-5.5pp

Returns & leverage

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Return on equity8.5%-9.6pp
Debt / equity0.7×+0.4×
Current ratio0.0×

Where this comes from

Reported directly by Tennant Company in its filing.

Tagged under the XBRL concept tnc:ContractWithCustomerLiabilityImpactOfForeignCurrency.

The source filing: Tennant Company’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 2:56 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000097134-26-000015
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Beginning balance$32.4$20.6
Increase in deferred revenue representing our obligation to satisfy future performance obligations8.35.7
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations(6.2)(3.9)
Foreign currency fluctuations(0.1)0.1
Ending balance$34.4$22.5

Item 1. Financial Statements

FAQ

What is Tennant Company's maintenance — foreign currency fluctuations?
Tennant Company (TNC) reported maintenance — foreign currency fluctuations of -$100K in Q1 2026.
How has Tennant Company's maintenance — foreign currency fluctuations changed year-over-year?
Tennant Company's maintenance — foreign currency fluctuations decreased by 200.0% year-over-year, from $100K to -$100K.
What is the long-term trend for Tennant Company's maintenance — foreign currency fluctuations?
Over 3 years (2021 to 2025), Tennant Company's maintenance — foreign currency fluctuations has grown at a 91.3% compound annual growth rate (CAGR), from -$100K to $700K.
What does maintenance — foreign currency fluctuations mean?
This metric represents the impact of exchange rate volatility on the valuation of maintenance-related contract liabilities denominated in foreign currencies. It isolates the non-operational changes in liability balances caused by currency movements rather than business activity. Monitoring this helps investors distinguish between organic growth and accounting adjustments due to global operations.

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