TENNANT CO
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 24, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Management Actions
- Management Actions
Restructuring Actions
In 2025 and 2024, we incurred restructuring expenses as part of our global reorganization efforts. The following pre-tax restructuring charges were included in the consolidated statements of income:
| 2025 | 2024 | |
|---|---|---|
| Severance-related costs - Selling and administrative expense | $6.4 | $8.2 |
| Total pre-tax restructuring costs | $6.4 | $8.2 |
Our restructuring actions represent the execution of a multi-year enterprise strategy to drive increased productivity throughout our operations. The charges in 2025 and 2024 impacted all operating segments and were related to a global workforce realignment to support our key strategic initiatives.
A reconciliation to the ending liability balance of severance and related costs as of December 31, 2025 and 2024 is as follows:
| 2025 | 2024 | |
|---|---|---|
| Beginning balance | $8.6 | $2.4 |
| New charges | 8.8 | 8.8 |
| Cash payments | (8.7) | (2.3) |
| Foreign currency adjustments | 1.1 | 0.3 |
| Adjustment to accrual | (2.4) | (0.6) |
| Ending balance | $7.4 | $8.6 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.