Tennant Company Faces Investigation Over ERP System Failures
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: The company reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decline of about 47%, while the fourth quarter saw a net loss that represented a 166% drop 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 critical functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales.
- Legal Investigation Initiated: Hagens Berman has launched an investigation into Tennant, focusing on whether the company concealed crucial information regarding ERP system problems, urging affected investors to submit their losses to assist in the inquiry, which may lead to legal repercussions.
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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: 66.400
Low
107.00
Averages
111.00
High
115.00
Current: 66.400
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 Faces Investigation Over ERP System Failures
- 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: The company reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decline of about 47%, while the fourth quarter saw a net loss that represented a 166% drop 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 critical functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales.
- Legal Investigation Initiated: Hagens Berman has launched an investigation into Tennant, focusing on whether the company concealed crucial information regarding ERP system problems, urging affected investors to submit their losses to assist in the inquiry, which may lead to legal repercussions.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company for potential securities fraud related to the rollout 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% from $82.30 to $63.02 due to severe operational disruptions caused by the ERP implementation, resulting in an estimated $30 million loss in sales.
- Operational Issues: Following the ERP launch, Tennant was unable to process and ship customer orders, necessitating over $20 million in additional remediation costs, significantly higher than the $5 million initially budgeted.
- Legal Options: Investors are encouraged to contact BFA Law to understand their rights, indicating that the company may face collective litigation risks, which could further impact its market performance.
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 rollout of its new enterprise resource planning (ERP) system, encouraging investors to seek further information to protect their rights.
- 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 system launch in North America, which rendered the company unable to process and ship customer orders.
- Financial Losses: Tennant anticipates a loss of approximately $30 million in sales due to the ERP implementation issues and will need to spend over $20 million in 2026 for remediation, significantly exceeding the originally planned $5 million expenditure.
- Legal Options: Investors who have incurred losses are encouraged to contact BFA Law for legal recourse, with all representation on a contingency fee basis, meaning investors will not be responsible for any litigation costs.
See More
NVIDIA Named 'Stock to Study' by BetterInvesting
- Investor Attention: NVIDIA's recent report has sparked investor interest regarding whether its stock is fairly valued, indicating a heightened market focus on its future performance that could influence short-term price volatility.
- Educational Resource Provision: BetterInvesting's Editorial Advisory Committee has designated NVIDIA as the 'Stock to Study' for the June/July 2026 issue, providing investors with an opportunity for in-depth analysis aimed at enhancing decision-making capabilities.
- Transparency in Fundamentals: Investors can access key metrics such as sales, earnings, pre-tax profit, and return on equity for NVIDIA through the National Association of Investors, which aids in making more informed investment decisions due to increased transparency.
- Industry Influence: BetterInvesting, a nonprofit investment education organization, has empowered over 5 million individuals since 1951 to improve their financial literacy, and NVIDIA's inclusion further strengthens its influence in the investment education sector.
See More
NVIDIA Named 'Stock to Study' by BetterInvesting Magazine
- Investor Interest: NVIDIA's recent report has sparked investor curiosity regarding whether its stock is fairly valued, indicating a strong market interest in its future performance.
- Research Recommendation: BetterInvesting Magazine's Editorial Advisory Committee has named NVIDIA as the 'Stock to Study' for the June/July 2026 issue, aiming to provide investors with valuable information and education, highlighting its potential investment value.
- Fundamental Data: Investors can access key metrics such as sales, earnings, pre-tax profit, and return on equity for NVIDIA through the National Association of Investors' website, facilitating in-depth analysis.
- Educational Mission: Since 1951, BetterInvesting has focused on investment education, helping over 5 million individuals improve their financial futures, underscoring its significance in the investor education landscape.
See More
UPDATE FROM BETTERINVESTING™ MAGAZINE ON NVIDIA CORP. (NASDAQ: NVDA) AND TENNANT COMPANY (NYSE: TNC)
Company Overview: NVIDIA Corporation (NASDAQ: NVDA) and Tennant Company (NYSE: TNC) are highlighted in the latest update from Better Investing Magazine.
Market Performance: The article discusses the current market performance and investment potential of both companies, emphasizing their relevance in the tech and industrial sectors.
See More
Tennant Company Faces Investigation Over ERP System Failures
- 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: The company reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decline of about 47%, while the fourth quarter saw a net loss that represented a 166% drop 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 critical functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales.
- Legal Investigation Initiated: Hagens Berman has launched an investigation into Tennant, focusing on whether the company concealed crucial information regarding ERP system problems, urging affected investors to submit their losses to assist in the inquiry, which may lead to legal repercussions.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company for potential securities fraud related to the rollout 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% from $82.30 to $63.02 due to severe operational disruptions caused by the ERP implementation, resulting in an estimated $30 million loss in sales.
- Operational Issues: Following the ERP launch, Tennant was unable to process and ship customer orders, necessitating over $20 million in additional remediation costs, significantly higher than the $5 million initially budgeted.
- Legal Options: Investors are encouraged to contact BFA Law to understand their rights, indicating that the company may face collective litigation risks, which could further impact its market performance.
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 rollout of its new enterprise resource planning (ERP) system, encouraging investors to seek further information to protect their rights.
- 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 system launch in North America, which rendered the company unable to process and ship customer orders.
- Financial Losses: Tennant anticipates a loss of approximately $30 million in sales due to the ERP implementation issues and will need to spend over $20 million in 2026 for remediation, significantly exceeding the originally planned $5 million expenditure.
- Legal Options: Investors who have incurred losses are encouraged to contact BFA Law for legal recourse, with all representation on a contingency fee basis, meaning investors will not be responsible for any litigation costs.
See More
NVIDIA Named 'Stock to Study' by BetterInvesting
- Investor Attention: NVIDIA's recent report has sparked investor interest regarding whether its stock is fairly valued, indicating a heightened market focus on its future performance that could influence short-term price volatility.
- Educational Resource Provision: BetterInvesting's Editorial Advisory Committee has designated NVIDIA as the 'Stock to Study' for the June/July 2026 issue, providing investors with an opportunity for in-depth analysis aimed at enhancing decision-making capabilities.
- Transparency in Fundamentals: Investors can access key metrics such as sales, earnings, pre-tax profit, and return on equity for NVIDIA through the National Association of Investors, which aids in making more informed investment decisions due to increased transparency.
- Industry Influence: BetterInvesting, a nonprofit investment education organization, has empowered over 5 million individuals since 1951 to improve their financial literacy, and NVIDIA's inclusion further strengthens its influence in the investment education sector.
See More
NVIDIA Named 'Stock to Study' by BetterInvesting Magazine
- Investor Interest: NVIDIA's recent report has sparked investor curiosity regarding whether its stock is fairly valued, indicating a strong market interest in its future performance.
- Research Recommendation: BetterInvesting Magazine's Editorial Advisory Committee has named NVIDIA as the 'Stock to Study' for the June/July 2026 issue, aiming to provide investors with valuable information and education, highlighting its potential investment value.
- Fundamental Data: Investors can access key metrics such as sales, earnings, pre-tax profit, and return on equity for NVIDIA through the National Association of Investors' website, facilitating in-depth analysis.
- Educational Mission: Since 1951, BetterInvesting has focused on investment education, helping over 5 million individuals improve their financial futures, underscoring its significance in the investor education landscape.
See More
UPDATE FROM BETTERINVESTING™ MAGAZINE ON NVIDIA CORP. (NASDAQ: NVDA) AND TENNANT COMPANY (NYSE: TNC)
Company Overview: NVIDIA Corporation (NASDAQ: NVDA) and Tennant Company (NYSE: TNC) are highlighted in the latest update from Better Investing Magazine.
Market Performance: The article discusses the current market performance and investment potential of both companies, emphasizing their relevance in the tech and industrial sectors.
See More
