Tennant Company ERP System Failure Triggers Investigation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy TNC?
Source: Globenewswire
- Stock Price Plunge: On February 24, 2026, Tennant Company’s stock price plummeted by $19.28 (-23%) due to significant issues with its new ERP system in North America, resulting in a market capitalization loss of approximately $343 million, severely undermining investor confidence.
- Dismal Financial Performance: Tennant reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decrease of about 47%, while Q4 2025 saw a net loss that represented a 166% decline from the previous year, highlighting severe operational challenges.
- ERP System Issues: During the earnings call, management disclosed that the North America ERP go-live introduced severe functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales due to these dynamics.
- Legal Investigation Launched: Hagens Berman law firm has initiated an investigation into Tennant, focusing on whether the company concealed critical information regarding ERP system issues, urging investors to submit their losses to assist in the inquiry, which could have significant implications for the company's future legal liabilities.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TNC?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 65.990
Low
107.00
Averages
111.00
High
115.00
Current: 65.990
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 ERP System Failure Triggers Investigation
- Stock Price Plunge: On February 24, 2026, Tennant Company’s stock price plummeted by $19.28 (-23%) due to significant issues with its new ERP system in North America, resulting in a market capitalization loss of approximately $343 million, severely undermining investor confidence.
- Dismal Financial Performance: Tennant reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decrease of about 47%, while Q4 2025 saw a net loss that represented a 166% decline from the previous year, highlighting severe operational challenges.
- ERP System Issues: During the earnings call, management disclosed that the North America ERP go-live introduced severe functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales due to these dynamics.
- Legal Investigation Launched: Hagens Berman law firm has initiated an investigation into Tennant, focusing on whether the company concealed critical information regarding ERP system issues, urging investors to submit their losses to assist in the inquiry, which could have significant implications for the company's future legal liabilities.
See More
BFA Law Investigates Tennant Company After 23% Stock Plunge
- Stock Price Plunge: Tennant's stock plummeted 23% on February 24, 2026, from $82.30 to $63.02 due to severe operational disruptions caused by its ERP system rollout, resulting in approximately $30 million in lost sales, highlighting significant management failures.
- Legal Investigation Initiated: BFA Law is investigating whether Tennant made false and misleading statements to investors regarding the successful implementation of its ERP system in the Asia-Pacific region, potentially violating federal securities laws and undermining investor confidence.
- Increased Remediation Costs: Tennant anticipates spending over $20 million in 2026 to address the ERP-related issues, significantly higher than the planned $5 million, which could further strain the company's financial health and future profitability.
- Investor Action Recommendations: BFA encourages affected investors to submit their information for legal support, indicating the company's deficiencies in crisis management and investor relations, which may lead to broader legal repercussions.
See More
BFA Law Investigates Tennant Company After 23% Stock Plunge
- Stock Price Plunge: Tennant Company's stock plummeted 23.4% on February 24, 2026, dropping from $82.30 to $63.02, due to severe operational disruptions caused by the rollout of its new ERP system in North America, which severely undermined investor confidence.
- Sales Loss and Remediation Costs: The company reported approximately $30 million in lost sales following the ERP implementation and anticipates spending over $20 million in 2026 to address these issues, significantly exceeding the initial $5 million budget, highlighting management's misjudgment.
- Securities Fraud Investigation: BFA Law is investigating whether Tennant made false and misleading statements to investors, claiming the ERP project was “progressing as anticipated” and had a “successful launch” in the Asia-Pacific region, which may constitute violations of federal securities laws.
- Legal Options for Investors: BFA encourages affected investors to contact them for legal options, with all representation on a contingency fee basis, meaning investors bear no litigation costs, providing a potential remedy for those impacted by the stock decline.
See More
Tennant Company Faces Investigation Over ERP System Issues
- Stock Price Crash: On February 24, 2026, Tennant Company's stock plummeted by $19.28 (-23%) due to significant issues with its new ERP system, resulting in a market capitalization loss of approximately $343 million, severely undermining investor confidence.
- Dismal Financial Performance: Tennant reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decline of about 47%, while Q4 2025 saw a net loss that represented a 166% downturn, highlighting major operational challenges.
- ERP System Failures: Management disclosed that the North America ERP go-live introduced severe functionality issues that limited order entry, product shipping, and customer service capabilities, with an estimated $30 million adverse impact on net sales.
- Legal Investigation Initiated: Hagens Berman law firm has launched an investigation into Tennant, focusing on whether the company concealed significant issues related to its North America ERP system, urging investors to submit their losses to assist in the inquiry.
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 after revealing 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 address the issues stemming from the ERP system, significantly higher than the $5 million originally planned, 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 any litigation costs, providing a potential avenue for affected investors to seek redress.
See More
Tennant Company Faces Investigation Over ERP System Issues
- Stock Price Plunge: On February 24, 2026, Tennant Company's stock price plummeted by $19.28 (-23%) due to significant issues with its new ERP system, resulting in a market capitalization loss of approximately $343 million, severely undermining investor confidence.
- Dismal Financial Performance: The company's GAAP net income for 2025 was only $43.8 million, reflecting a staggering year-over-year decline of about 47%, while Q4 reported a net loss that represented a 166% drop from the previous year's income, indicating serious operational challenges.
- ERP System Failures: During the earnings call, management disclosed that the North America ERP go-live introduced severe functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales due to these dynamics.
- Legal Investigation Initiated: Hagens Berman has launched an investigation into Tennant, focusing on whether the company concealed critical ERP system issues from investors, urging affected shareholders to report their losses, which may lead to potential legal liabilities.
See More
Tennant Company ERP System Failure Triggers Investigation
- Stock Price Plunge: On February 24, 2026, Tennant Company’s stock price plummeted by $19.28 (-23%) due to significant issues with its new ERP system in North America, resulting in a market capitalization loss of approximately $343 million, severely undermining investor confidence.
- Dismal Financial Performance: Tennant reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decrease of about 47%, while Q4 2025 saw a net loss that represented a 166% decline from the previous year, highlighting severe operational challenges.
- ERP System Issues: During the earnings call, management disclosed that the North America ERP go-live introduced severe functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales due to these dynamics.
- Legal Investigation Launched: Hagens Berman law firm has initiated an investigation into Tennant, focusing on whether the company concealed critical information regarding ERP system issues, urging investors to submit their losses to assist in the inquiry, which could have significant implications for the company's future legal liabilities.
See More
BFA Law Investigates Tennant Company After 23% Stock Plunge
- Stock Price Plunge: Tennant's stock plummeted 23% on February 24, 2026, from $82.30 to $63.02 due to severe operational disruptions caused by its ERP system rollout, resulting in approximately $30 million in lost sales, highlighting significant management failures.
- Legal Investigation Initiated: BFA Law is investigating whether Tennant made false and misleading statements to investors regarding the successful implementation of its ERP system in the Asia-Pacific region, potentially violating federal securities laws and undermining investor confidence.
- Increased Remediation Costs: Tennant anticipates spending over $20 million in 2026 to address the ERP-related issues, significantly higher than the planned $5 million, which could further strain the company's financial health and future profitability.
- Investor Action Recommendations: BFA encourages affected investors to submit their information for legal support, indicating the company's deficiencies in crisis management and investor relations, which may lead to broader legal repercussions.
See More
BFA Law Investigates Tennant Company After 23% Stock Plunge
- Stock Price Plunge: Tennant Company's stock plummeted 23.4% on February 24, 2026, dropping from $82.30 to $63.02, due to severe operational disruptions caused by the rollout of its new ERP system in North America, which severely undermined investor confidence.
- Sales Loss and Remediation Costs: The company reported approximately $30 million in lost sales following the ERP implementation and anticipates spending over $20 million in 2026 to address these issues, significantly exceeding the initial $5 million budget, highlighting management's misjudgment.
- Securities Fraud Investigation: BFA Law is investigating whether Tennant made false and misleading statements to investors, claiming the ERP project was “progressing as anticipated” and had a “successful launch” in the Asia-Pacific region, which may constitute violations of federal securities laws.
- Legal Options for Investors: BFA encourages affected investors to contact them for legal options, with all representation on a contingency fee basis, meaning investors bear no litigation costs, providing a potential remedy for those impacted by the stock decline.
See More
Tennant Company Faces Investigation Over ERP System Issues
- Stock Price Crash: On February 24, 2026, Tennant Company's stock plummeted by $19.28 (-23%) due to significant issues with its new ERP system, resulting in a market capitalization loss of approximately $343 million, severely undermining investor confidence.
- Dismal Financial Performance: Tennant reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decline of about 47%, while Q4 2025 saw a net loss that represented a 166% downturn, highlighting major operational challenges.
- ERP System Failures: Management disclosed that the North America ERP go-live introduced severe functionality issues that limited order entry, product shipping, and customer service capabilities, with an estimated $30 million adverse impact on net sales.
- Legal Investigation Initiated: Hagens Berman law firm has launched an investigation into Tennant, focusing on whether the company concealed significant issues related to its North America ERP system, urging investors to submit their losses to assist in the inquiry.
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 after revealing 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 address the issues stemming from the ERP system, significantly higher than the $5 million originally planned, 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 any litigation costs, providing a potential avenue for affected investors to seek redress.
See More
Tennant Company Faces Investigation Over ERP System Issues
- Stock Price Plunge: On February 24, 2026, Tennant Company's stock price plummeted by $19.28 (-23%) due to significant issues with its new ERP system, resulting in a market capitalization loss of approximately $343 million, severely undermining investor confidence.
- Dismal Financial Performance: The company's GAAP net income for 2025 was only $43.8 million, reflecting a staggering year-over-year decline of about 47%, while Q4 reported a net loss that represented a 166% drop from the previous year's income, indicating serious operational challenges.
- ERP System Failures: During the earnings call, management disclosed that the North America ERP go-live introduced severe functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales due to these dynamics.
- Legal Investigation Initiated: Hagens Berman has launched an investigation into Tennant, focusing on whether the company concealed critical ERP system issues from investors, urging affected shareholders to report their losses, which may lead to potential legal liabilities.
See More
