Tennant Company Authorizes Repurchase of 2 Million Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2026
0mins
Directors of Tennant Company authorized a new share repurchase program of up to 2,000,000 shares of the Company's common stock, effective April 29, 2026. This authorization is in addition to approximately 560,000 shares remaining under the Company's current repurchase program. With this new authorization, the company now has capacity to repurchase up to 2,560,000 shares which represents 15% of the basic shares currently outstanding. "The Board's authorization of a new two-million-share repurchase program reflects strong confidence in Tennant's strategic direction and reinforces our commitment to disciplined, balanced capital allocation," said Dave Huml, Tennant President and Chief Executive Officer. "This program gives us greater flexibility to manage capital priorities with a clear focus on driving sustainable, long-term shareholder value, while preserving the financial capacity to invest in our growth agenda."
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Analyst Views on TNC
Wall Street analysts forecast TNC stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 87.490
Low
107.00
Averages
111.00
High
115.00
Current: 87.490
Low
107.00
Averages
111.00
High
115.00
About TNC
Tennant Company is engaged in designing, manufacturing, and marketing solutions. It offers products and solutions consisting of manual and autonomous mechanized cleaning equipment for both industrial and commercial uses, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and business solutions, such as financing, rental and leasing programs, and machine-to-machine asset management solutions. Its products are used in various environments, including retail establishments, distribution centers, factories and warehouses, public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals, and clinics, and more. It markets its offerings under the brands: Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei and Rongen brands, as well as private-label brands. It has a portfolio of differentiated technology solutions that includes IRIS, ec-H2O NanoClean, and ReadySpace.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, which may involve misleading statements to investors.
- Stock Price Plunge: On February 24, 2026, Tennant's stock plummeted over 23% from $82.30 to $63.02 due to severe operational disruptions caused by the ERP rollout in North America, resulting in an estimated $30 million loss in sales.
- Increased Expenditures: Tennant anticipates spending over $20 million in 2026 to remediate the issues stemming from the ERP system, significantly higher than the $5 million originally planned, which will adversely affect the company's financial health.
- Legal Options: Investors are encouraged to contact BFA Law to discuss their rights, with all representation on a contingency fee basis, meaning shareholders are not responsible for any litigation costs, providing a potential avenue for legal recourse for affected shareholders.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, indicating possible misconduct in the company's disclosures to investors.
- Stock Price Plunge: On February 24, 2026, Tennant's stock price dropped 23.4%, from $82.30 to $63.02, primarily due to severe operational disruptions caused by the ERP rollout in North America, which hindered the processing and shipping of customer orders.
- Financial Losses: Tennant incurred approximately $30 million in lost sales due to ERP issues and anticipates spending over $20 million in 2026 for remediation, significantly exceeding the planned $5 million, highlighting major project management failures.
- Legal Options: Investors are encouraged to contact BFA Law to understand their legal rights, suggesting that the company's legal risks may further impact its market reputation and shareholder confidence.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP has announced an investigation into Tennant Company for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, which may undermine investor confidence.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped 23.4%, falling from $82.30 to $63.02, primarily due to severe operational disruptions caused by the ERP rollout in North America, resulting in approximately $30 million in lost sales.
- Operational Issues: Following the ERP implementation, Tennant was unable to process and ship customer orders, with remediation costs expected to exceed $20 million, significantly higher than the initially planned $5 million, indicating a misjudgment by management regarding the project's impact.
- Legal Options: Investors are encouraged to contact BFA Law to understand their legal rights, with the firm offering representation on a contingency fee basis, ensuring that investors do not incur litigation costs.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, focusing on possible misleading statements made to investors.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped over 23%, from $82.30 to $63.02, due to severe operational disruptions caused by the ERP rollout in North America, resulting in approximately $30 million in lost sales.
- Increased Expenditures: Tennant anticipates spending over $20 million in 2026 to remediate the issues caused by the ERP system, significantly higher than the $5 million originally planned, which could adversely affect the company's financial health.
- Legal Options: Investors are encouraged to contact BFA Law to understand their rights, with all representation on a contingency fee basis, meaning shareholders bear no litigation costs, thus providing a potential avenue for legal recourse for affected shareholders.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential violations of federal securities laws related to misleading statements about its new enterprise resource planning (ERP) system implementation.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped from $82.30 to $63.02, a decline of over 23%, due to severe operational disruptions caused by the ERP rollout, resulting in approximately $30 million in lost sales.
- Increased Costs: Tennant now anticipates spending over $20 million in 2026 to remediate issues caused by the ERP system, significantly higher than the $5 million originally planned, which will adversely affect the company's financial health.
- Legal Options: Investors are encouraged to contact BFA Law to understand their rights, with all representation on a contingency fee basis, meaning no costs for investors unless the case is successful.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, focusing on possible misleading statements made to investors.
- Stock Price Plunge: On February 24, 2026, Tennant's stock plummeted over 23%, from $82.30 to $63.02, due to severe operational disruptions caused by the ERP rollout in North America, resulting in an estimated $30 million loss in sales.
- Increased Expenditures: Tennant anticipates spending over $20 million in 2026 to remediate issues stemming from the ERP system, significantly higher than the $5 million originally budgeted, which could further strain the company's financial health.
- Legal Options: Investors are encouraged to contact BFA Law to explore their legal rights, with all representation on a contingency fee basis, meaning shareholders will not incur litigation costs, providing a potential avenue for affected investors to seek redress.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, which may involve misleading statements to investors.
- Stock Price Plunge: On February 24, 2026, Tennant's stock plummeted over 23% from $82.30 to $63.02 due to severe operational disruptions caused by the ERP rollout in North America, resulting in an estimated $30 million loss in sales.
- Increased Expenditures: Tennant anticipates spending over $20 million in 2026 to remediate the issues stemming from the ERP system, significantly higher than the $5 million originally planned, which will adversely affect the company's financial health.
- Legal Options: Investors are encouraged to contact BFA Law to discuss their rights, with all representation on a contingency fee basis, meaning shareholders are not responsible for any litigation costs, providing a potential avenue for legal recourse for affected shareholders.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, indicating possible misconduct in the company's disclosures to investors.
- Stock Price Plunge: On February 24, 2026, Tennant's stock price dropped 23.4%, from $82.30 to $63.02, primarily due to severe operational disruptions caused by the ERP rollout in North America, which hindered the processing and shipping of customer orders.
- Financial Losses: Tennant incurred approximately $30 million in lost sales due to ERP issues and anticipates spending over $20 million in 2026 for remediation, significantly exceeding the planned $5 million, highlighting major project management failures.
- Legal Options: Investors are encouraged to contact BFA Law to understand their legal rights, suggesting that the company's legal risks may further impact its market reputation and shareholder confidence.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP has announced an investigation into Tennant Company for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, which may undermine investor confidence.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped 23.4%, falling from $82.30 to $63.02, primarily due to severe operational disruptions caused by the ERP rollout in North America, resulting in approximately $30 million in lost sales.
- Operational Issues: Following the ERP implementation, Tennant was unable to process and ship customer orders, with remediation costs expected to exceed $20 million, significantly higher than the initially planned $5 million, indicating a misjudgment by management regarding the project's impact.
- Legal Options: Investors are encouraged to contact BFA Law to understand their legal rights, with the firm offering representation on a contingency fee basis, ensuring that investors do not incur litigation costs.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, focusing on possible misleading statements made to investors.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped over 23%, from $82.30 to $63.02, due to severe operational disruptions caused by the ERP rollout in North America, resulting in approximately $30 million in lost sales.
- Increased Expenditures: Tennant anticipates spending over $20 million in 2026 to remediate the issues caused by the ERP system, significantly higher than the $5 million originally planned, which could adversely affect the company's financial health.
- Legal Options: Investors are encouraged to contact BFA Law to understand their rights, with all representation on a contingency fee basis, meaning shareholders bear no litigation costs, thus providing a potential avenue for legal recourse for affected shareholders.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential violations of federal securities laws related to misleading statements about its new enterprise resource planning (ERP) system implementation.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped from $82.30 to $63.02, a decline of over 23%, due to severe operational disruptions caused by the ERP rollout, resulting in approximately $30 million in lost sales.
- Increased Costs: Tennant now anticipates spending over $20 million in 2026 to remediate issues caused by the ERP system, significantly higher than the $5 million originally planned, which will adversely affect the company's financial health.
- Legal Options: Investors are encouraged to contact BFA Law to understand their rights, with all representation on a contingency fee basis, meaning no costs for investors unless the case is successful.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, focusing on possible misleading statements made to investors.
- Stock Price Plunge: On February 24, 2026, Tennant's stock plummeted over 23%, from $82.30 to $63.02, due to severe operational disruptions caused by the ERP rollout in North America, resulting in an estimated $30 million loss in sales.
- Increased Expenditures: Tennant anticipates spending over $20 million in 2026 to remediate issues stemming from the ERP system, significantly higher than the $5 million originally budgeted, which could further strain the company's financial health.
- Legal Options: Investors are encouraged to contact BFA Law to explore their legal rights, with all representation on a contingency fee basis, meaning shareholders will not incur litigation costs, providing a potential avenue for affected investors to seek redress.
See More
