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, including an inability to process and ship customer orders, resulting in roughly $30 million in lost sales and requiring more than $20 million in remediation spending in 2026, compared to a planned $5 million. This came after the company had repeatedly assured investors the project was progressing as anticipated, on time and on budget, and that the Asia-Pacific launch had been successful with mitigated disruptions. 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. Investors who suffered losses are urged to contact the firm to check eligibility.
Tennant CompanyERP system rollout caused severe operational disruptions, lost sales, and remediation costs, leading to a 23% stock drop.