TENNANT CO
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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Shareholders' Equity
- Shareholders' Equity
Authorized Shares
We are authorized to issue an aggregate of 60,000,000 shares, all of which are designated as Common Stock having a par value of $0.375 per share. The Board of Directors is authorized to establish one or more series of preferred stock, setting forth the designation of each such series, and fixing the relative rights and preferences of each such series.
Accumulated Other Comprehensive Loss
The changes in components of accumulated other comprehensive loss, net of tax, were as follows:
| Foreign Currency TranslationAdjustments | Pension and PostretirementMedical Benefits | Derivative Financial Instruments | Unrealized Gain (Loss) on Debt Securities | Total | |
|---|---|---|---|---|---|
| December 31, 2023 | $(45.6) | $3.7 | $(0.4) | $— | $(42.3) |
| Other comprehensive (loss) income before reclassifications | (28.6) | (0.9) | 2.0 | 0.2 | (27.3) |
| Amounts reclassified from AOCL | (1.0) | — | (2.1) | — | (3.1) |
| Net current period other comprehensive (loss) income | (29.6) | (0.9) | (0.1) | 0.2 | (30.4) |
| December 31, 2024 | $(75.2) | $2.8 | $(0.5) | $0.2 | $(72.7) |
| Other comprehensive income (loss) before reclassifications | 42.3 | (1.7) | 1.6 | (0.5) | 41.7 |
| Amounts reclassified from AOCL | (1.0) | — | (1.2) | — | (2.2) |
| Net current period other comprehensive income (loss) | 41.3 | (1.7) | 0.4 | (0.5) | 39.5 |
| December 31, 2025 | $(33.9) | $1.1 | $(0.1) | $(0.3) | $(33.2) |
Accumulated other comprehensive loss associated with pension and postretirement benefits, derivative financial instruments, and unrealized gain on debt securities is included in Notes 14, 11 and 9, respectively.
Repurchase of Common Stock
On February 11, 2025, the Board of Directors authorized the repurchase of up to 2,000,000 shares. Our stock repurchase program is not subject to an expiration date.
During the year ended December 31, 2025, the Company paid $87.7 million to repurchase 1,108,998 shares of its common stock at an average price of $79.03 per share. As of December 31, 2025,1,514,063 shares were available to be repurchased. The aggregate cost and average price per share does not include the effect of the 1% excise tax on certain share repurchases enacted under the Inflation Reduction Act of 2022. The Company incurred $0.8 million of excise taxes during 2025.
The Company paid $19.6 million to repurchase 198,352 shares during the year ended December 31, 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.