Tennant's sales rose 1.7% and robotics sales rose 37%, with a goal of $250 million in robotics sales by 2028. But costs and system problems cut its full-year profit forecast, leaving the growth and profit concerns balanced.
The sales and robotics gains show demand is holding up. But costs and system problems hurt results and led Tennant to lower its full-year profit forecast. Those signs point in different directions, so the call leaves the company's outlook balanced.
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