Income Attributable to Tennant Company Per Share

6 Months Ended

Jun. 30, 2025

Income Attributable to Tennant Company Per Share

The computations of basic and diluted earnings per share were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net income	$	20.2	$	27.9	$	33.3	$	56.3
Denominator:
Basic - weighted average shares outstanding	18,508,758		18,896,361		18,605,187		18,780,995
Effect of dilutive securities	179,160		310,440		215,111		360,279
Diluted - weighted average shares outstanding	18,687,918		19,206,801		18,820,298		19,141,274
Basic earnings per share	$	1.10	$	1.47	$	1.79	$	2.99
Diluted earnings per share	$	1.08	$	1.45	$	1.77	$	2.94

Excluded from the dilutive securities presented above were options to purchase and shares to be paid out under share-based compensation plans totaling 278,450 and 13,644 shares of common stock for the three months ended June 30, 2025 and 2024, respectively. Excluded from the dilutive securities presented above were options to purchase and shares to be paid out under share-based compensation plans totaling 157,775 and 73,185 shares of common stock for the six months ended June 30, 2025 and 2024, respectively. These instruments were excluded when their exercise prices exceeded the average market price of our common stock for the period, when the number of shares we can repurchase under the treasury stock method exceeded the

weighted average shares outstanding, or during periods of net loss, as their inclusion would have been anti-dilutive.