Tennant Lowers FY2026 Adj EPS Guidance from $4.70-$5.30 to $3.80-$4.45 vs $5.12 Est; Raises FY2026 Sales Guidance from $1.240B-$1.280B to $1.270B-$1.310B vs $1.266B Est
Tennant (NYSE:TNC) lowers FY2026 Adj EPS guidance from $4.70-$5.30 to $3.80-$4.45 vs $5.12 analyst estimate. Raises FY2026 sales outlook from $1.240 billion-$1.280 billion to $1.270 billion-$1.310 billion vs $1.266
Tennant expects to sell a bit more stuff next year, which is good, but it will make less profit on each dollar of sales, which is not what people hoped for. When a company earns less even while selling more, it tells you they might be spending more to make their products.
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