X4 ROVR

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Virtual reality has transformed design process for robotic floor-cleaners at Tennant
TechXploreยท 2025-05-29 13:10
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain After Tennant figured out how to keep its plants open during the pandemic, it had a second problem to solve. The company's designers aren't all in the same place. Neither are its customers, and sharing pen-and-paper designs isn't easy on a video call.Video game technology gave the company a wa ...
Tennant(TNC) - 2025 Q1 - Earnings Call Presentation
2025-05-01 13:16
Financial Performance - Net sales for Q1 2025 were $290.0 million[11], reflecting a 5.0% organic decline due to lapping a significant backlog reduction from the prior year[8, 11] - Adjusted EBITDA for Q1 2025 was $41.0 million, with a 14.1% adjusted EBITDA margin[11] - Adjusted diluted EPS for Q1 2025 was $1.12 per share, compared to $1.81 per share in Q1 2024[11] - Gross margin decreased by 280 bps to 41.4%, driven by product and customer mix and ongoing inflation[44] - Net income decreased from $28.4 million in Q1 2024 to $13.1 million in Q1 2025[33] Sales Performance by Region - Americas experienced a 6.9% organic net sales decline[39] - EMEA saw a 0.6% organic net sales increase[39] - APAC experienced a 7.5% organic net sales decline[39] Autonomous Mobile Robots (AMR) - Cumulative AMR sales exceeded $297 million[17] - Over 9,800 AMR units have been delivered to over 950 customers since 2018[18] - The X6 ROVR is launching in Q2 2025, offering 250% cleaning capacity per tank compared to the X4 ROVR[20, 24] Guidance and Outlook - Full-year order rates are expected to grow between 3.5% and 7%[13] - The company maintains its 2025 guidance, with an organic net sales decline of 1.0% to 4.0%[25, 27] - Adjusted EBITDA margin expansion is projected to be 0-50 bps for 2025[27]