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Tennant Company, a global entity operating its design, manufacturing, and marketing efforts across the Americas, Europe, the Middle East, Africa, and Asia Pacific, specializes in sophisticated floor cleaning machinery. Its comprehensive portfolio encompasses an array of floor maintenance and cleaning equipment, environmentally friendly cleaning technologies (including detergent-free solutions), aftermarket parts and consumables, equipment upkeep and repair services, specialized surface coatings, and asset management solutions. The company further extends its offerings with financial services…
BlackRock Inc. bought a new stake in shares of Tennant Company (NYSE: TNC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,698,829 shares of the industrial products company's stock, valued at approximately $236,255,000. BlackRock Inc. owned about 15.84% of Tennant as
Mulligan's purchase boosts his total position to 38,175 shares, a 27% increase, with holdings now valued at $2.6 million following the August acquisition.
Tennant NYSE: TNC reported second-quarter 2026 sales growth and stronger order activity, but profitability fell below management's expectations as the company faced ERP-related operating inefficiencies, North American parts shortages, inflationary costs and competitive pricing pressure in Europe.
Tennant Company (TNC) Q2 2026 Earnings Call Transcript
Tennant (TNC) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.49 per share a year ago.