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Tennant Company

TNC

Industrials · 70.97 -3.5% today

Participation confirmed · construction unavailableMarket checked 9 Sept, 15:55 GMT-4

Market read

Tennant Company's move is spreading beyond its market group.

No new filing conclusion is available. 21 of 26 group members are active now; 3 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company-3.5% todayVolume comparison unavailable
Market group21 of 26 activeConsumer Cyclical & Industrials · active
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 17 of 26 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • GAP remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 9 of 26 members or fewer.

Watch this read

Research brief

The story so far

Industrials · Specialty Industrial Machinery

No new filing conclusion is available. 21 of 26 group members are active now; 3 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 17 of 26 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • GAP remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations318
Usable filing statements64
Verified relationships3
Evidence supporting the case
  • Operating cash flow covered net income at 1.48x in the latest annual period.
  • Pricing and mix has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Latest annual revenue changed -6.5% year over year.
  • Operating margin changed -3.2 percentage points in the latest annual period.
  • Net margin changed -2.9 percentage points in the latest annual period.
  • Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 9, 2026

70.97
6m+13.9%12m-14.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.1B+9.0%$3.44+1.1%
2022-12-31$1.1B+0.1%$3.55-0.8%
2023-12-31$1.2B+13.9%$5.83+0.5%
2024-12-31$1.3B+3.5%$4.38+1.7%
2025-12-31$1.2B-6.5%$2.36-2.7%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 4 filings
Asia Pacific ("APAC") APAC net sales were $17.0 million for the first quarter of 2026, an increase of 1.8% from the first quarter of 2025 driven by: 28 Table of Contents • A net favorable impact from foreign currency exchange of approximately 3.8%; partly off…
10-Q · May 5, 2026
Foreign exchangemixed · 4 filings
Europe, Middle East and Africa ("EMEA") EMEA net sales were $86.9 million for the first quarter of 2026, an increase of 14.3% from the first quarter of 2025 driven by: • A net favorable impact from foreign currency exchange of approximately 11.3%; • Acquisiti…
10-Q · May 5, 2026
Pricing and mixpositive · 3 filings
Asia Pacific ("APAC") APAC net sales were $17.0 million for the first quarter of 2026, an increase of 1.8% from the first quarter of 2025 driven by: 28 Table of Contents • A net favorable impact from foreign currency exchange of approximately 3.8%; partly off…
10-Q · May 5, 2026
Restructuring and cost reductionsnegative · 3 filings
The S&A expense decrease was driven by lower compensation-related costs and reductions in certain legal, integration, and restructuring expenses, partially offset by higher ERP spending and increased bad debt expense.
10-K · Feb 24, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

70.97-3.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 9 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for TNC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for TNC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind TNC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

CLWTFiling-linked namepartnerFeb 24, 2026

We enter into these fixed-to-fixed cross-currency swap agreements to protect a designated monetary amount of the Company’s net investment in its Euro functional currency subsidiaries against the risk of changes in the Euro to U.S.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

TNC is currently a Participant in the organic co-movement group Consumer Cyclical & Industrials. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.