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Tennant (TNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC) today announced that the company will report its third quarter 2026 financial results after the market closes on Monday, November 2, 2026, with a conference call to follow at 10:00 a.m. Eastern Time/ 9:00 a.m. Central Time on Tuesday, November 3, 2026. The conference call will be webcast and can be accessed on the company's website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the compan.
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, today announced the launch of the P1 VAC, the company's first autonomous robotic vacuum. Designed to make robotic cleaning approachable and practical for everyday commercial environments, the P1 VAC combines autonomous vacuuming and dust mopping with a side brush that sweeps debris from walls and edges into the machine's cleaning path.
Tennant Company is a market leader in professional cleaning equipment, but recent ERP issues and macro headwinds have pressured margins and earnings. I view TNC as a 'sell' due to overvaluation, declining earnings, rising debt/leverage, and ongoing cyclical risks despite its Dividend King status. Robotics and automation offer long-term growth potential, with a target of $250M robotics revenue by 2028, but near-term execution risks remain.
Tennant NYSE: TNC CEO Dave Huml said the floor-cleaning equipment manufacturer is pursuing growth through automation, robotics, product innovation and targeted acquisitions, while continuing to recover from a North American enterprise resource planning, or ERP, implementation that disrupted operations late in 2025.
Dividend Kings are underperforming SPY in September, with a -4.22% average return versus SPY's marginal gain. Despite aggregate weakness, 29 Dividend Kings appear both undervalued and offer a long-term expected return of at least 10%. Recent dividend increases and higher projected earnings growth have modestly improved the Kings' average dividend growth rate to 4.49%.
Tennant Company faces short-term profitability setbacks but maintains a soft ‘buy' rating due to relative valuation and growth prospects. TNC's revenue grew modestly despite supply chain and ERP issues, but net income and EBITDA declined sharply, prompting lower profit guidance. Management remains focused on robotics and automation, targeting robotics revenue growth from $85M to $250M by 2028 and ongoing product launches.
Dividend Kings have a 50+ year track record of increasing dividends, showcasing resilience through economic challenges. I rank the Dividend Kings using my 9F Quality Scores, blending qualitative and quantitative factors for a robust, investment-grade assessment. ADP stands out as the best total-return candidate. It is undervalued, high-quality, and offering a strong projected dividend growth rate and Adjusted Chowder Number.