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Tennant Company TNC Sales Incentives — 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 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 — foreign currency fluctuations?
Tennant Company (TNC) reported sales incentives — foreign currency fluctuations of -$100K in Q2 2026.
How has Tennant Company's sales incentives — foreign currency fluctuations changed year-over-year?
Tennant Company's sales incentives — foreign currency fluctuations decreased by 109.1% year-over-year, from $1.1M to -$100K.
What does sales incentives — foreign currency fluctuations mean?
This metric quantifies the impact of exchange rate volatility on the valuation of sales incentive liabilities denominated in non-functional currencies. It reflects the accounting adjustments required to revalue these obligations as global currency markets shift. This measure is essential for isolating the operational effectiveness of sales incentive programs from the noise of macroeconomic currency movements.

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