Tennant designs, manufactures, and sells floor cleaning equipment — primarily mechanized scrubbers and sweepers — to industrial and commercial customers globally. Tennant sells to businesses that clean their own facilities and to contract cleaners, reaching over 40,000 customers through a direct sales and service organization spanning 21 countries, plus distributors in over 100 countries. Equipment sales account for roughly 60% of net sales, with parts, consumables, and service making up the balance. The aftermarket and service categories are recurring and tied to the installed base, and tend to hold up even when equipment sales soften. Tennant sells across premium (Tennant, Nobles) and mid-tier (IPC, Gaomei) brands to address different geographies and budgets. The Americas account for roughly half of sales, with EMEA at roughly 30% and APAC in the low-to-mid teens. Profitability is driven by product and customer mix — larger industrial machines sold directly carry higher margins than commercial equipment sold through distributors or to high-volume strategic accounts. Tennant's key growth initiative is autonomous mobile robots (AMR) for floor cleaning, where it has an exclusivity agreement with Brain Corp for navigation software. Tennant has shipped over 10,000 cumulative AMR units and targets $100M in annual AMR revenue by 2027, positioning the product around labor scarcity and rising labor costs. Tennant also targets $150M in incremental sales from bolt-on M&A over three years. The company has raised its dividend for 54 consecutive years.