Tennant's Q1 2026: Robotics Drive Growth, ERP Challenges

Tennant Companys Q1 2026 earnings showcased resilience amidst ERP system challenges, with net sales up 2.9% to $297.9 million. Despite a North American shutdown, backlog surged 32% to $109 million, driven by robotics growth. Operations stabilized, and gross margins improved month-over-month, exiting March near 40%. International regions performed well, offsetting softer Asia. Robotics launched new products and extended Brain Corp partnership, boosting EPS with share buybacks. Despite ERP-related sales and margin losses, full-year guidance remains intact, with margins expected to rebound to the low forties by year-end. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/abe4644d64b2d877