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Tennant Company TNC Sales Incentives — Contract with Customer, Refund Liability

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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 us-gaap:ContractWithCustomerRefundLiability.

The source filing: Tennant Company’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:36 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000097134-26-000024
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Beginning balance$14.8$15.6
Additions to sales incentive accrual15.312.5
Contract payments(13.5)(12.1)
Foreign currency fluctuations(0.2)0.8
Ending balance$16.4$16.8

Item 1. Financial Statements

FAQ

What is Tennant Company's sales incentives — contract with customer, refund liability?
Tennant Company (TNC) reported sales incentives — contract with customer, refund liability of $16.4M in Q2 2026.
How has Tennant Company's sales incentives — contract with customer, refund liability changed year-over-year?
Tennant Company's sales incentives — contract with customer, refund liability decreased by 2.4% year-over-year, from $16.8M to $16.4M.
What is the long-term trend for Tennant Company's sales incentives — contract with customer, refund liability?
Over 4 years (2021 to 2025), Tennant Company's sales incentives — contract with customer, refund liability has grown at a 0.3% compound annual growth rate (CAGR), from $61.8M to $62.6M.
What does sales incentives — contract with customer, refund liability mean?
This metric represents the estimated obligation to refund customers for sales incentives, rebates, or volume discounts earned under customer contracts. It reflects the portion of revenue that the company expects to return or credit back to customers based on performance criteria. Monitoring this liability helps investors assess the company's future cash outflow commitments related to sales promotion programs.

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