Lowey Dannenberg P.C. is investigating Tennant Company for potential violations of federal securities laws. The investigation follows Tennant's February 24, 2026 disclosure that its new ERP system rollout in North America caused severe operational disruptions, preventing the company from processing and shipping customer orders. Tennant reported losing roughly $30 million in sales and needing to spend more than $20 million in 2026 on remediation, compared to a planned $5 million. The news caused Tennant's stock to drop $19.28 per share, or more than 23%, from $82.30 on February 23, 2026 to $63.02 on February 24, 2026. The firm is seeking to represent investors who suffered losses in Tennant securities.
Tennant CompanyERP system rollout caused operational disruptions, lost sales, and remediation costs.