Tennant

Q2 FY2026 EarningsQ2 FY26 results missed consensus estimates across all profitability metrics, despite a slight revenue beat of $324.0M vs. $329.6M expected (in-line with consensus within a -1.7% variance). Gross margin of 39.5% significantly underperformed the 41.07% consensus, dragged down by ERP implementation inefficiencies in North America and elevated freight/tariff costs. Diluted GAAP EPS of $0.44 fell far short of the $1.17 mean consensus (-62.4%), primarily due to operational deleverage in EMEA and higher interest expenses from increased debt levels used for share repurchases.