坦能 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended June 30, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from ___________ to __________ Commission File Number 1-16191__________________________________________ TENNANT COMPANY(Exact name of registrant as specified in its charter) Minnesota 41-0572550 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 10400 Clean StreetEden Prairie, Minnesota55344(Address of principal executive offices)(Zip Code)(763)540-1200(Registrant’s telephone number, including area code)____________________________________________________ Securities registered pursuant to Section 12(b) of the Act: TradingSymbol(s) Name of each exchange on which registered TNC New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filerEmerging growth company Accelerated filerSmaller reporting company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo As of July31, 2026, there were 17,049,303 shares of common stock outstanding. TABLE OF CONTENTS PART I - FINANCIAL INFORMATION (Unaudited)Page Item 1.Financial Statements3Consolidated Statements of Income3Consolidated Statements of Comprehensive Income4Consolidated Balance Sheets5Consolidated Statements of Cash Flows6Consolidated Statements of Equity8Notes to Consolidated Financial Statements10Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk34Item 4.Controls and Procedures35PART II - OTHER INFORMATIONItem 1.Legal Proceedings35Item 1A.Risk Factors35Item 2.Unregistered Sales of Equity Securities and Use of Proceeds35Item 5.Other Information36Item 6.Exhibits36Signatures37 PART I–FINANCIAL INFORMATION Item 1.Financial Statements TENNANT COMPANYCONSOLIDATED BALANCE SHEETS TENNANT COMPANYCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) TENNANT COMPANYCONSOLIDATED STATEMENTS OF EQUITY(Unaudited) TENNANT COMPANYNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)(In millions, except shares and per share data) 1.Nature of Business Tennant Company ("the Company", "we", "us", or "our") is a world leader in designing, manufacturing and marketingsolutions that help create a cleaner, safer, healthier world. The Company is committed to creating and commercializingbreakthrough, sustainable cleaning innovations to enhance its broad suite of products, including floor maintenance andcleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables,equipment maintenance and repair service, and asset management solutions. Our products are used in many types of environments, including retail establishments, distribution centers, factories andwarehouses, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics,and more. Customers include contract cleaners to whom organizations outsource facilities maintenance as well as businesses thatperform facilities maintenance themselves. The Company reaches these customers through the industry's largest directsales and service organization and through a strong and well-supported network of authorized distributors worldwide. 2.Significant Accounting Policies Basis of Presentation– The accompanying unaudited consolidated financial statements have been prepared inaccordance with the U.S. Securities and Exchange Commission (“SEC”) requirements for interim reporting. In our opin