NEW YORK, March 25, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Tennant Company (NYSE:TNC) for potential violations of the federal securities laws. If you invested in Tennant, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit. Key Details of the Tennant ($TNC) Class Action Investigation: Investigation Overview: Securities fraud related to Tennant’s implementati ...

NEW YORK, March 24, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Tennant Company (“Tennant” or the “Company”) (NYSE: TNC). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Tennant and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On February 23, 202 ...

TNC Stock Drop: Tennant Company Investors with Losses Notified of Rights in Pending Securities Fraud Investigation After Stock Plummeted 23% Accessibility StatementSkip Navigation BFA Law is investigating Tennant Company after its stock plummeted 23% due to issues with its ERP system, potentially violating federal securities laws. Tennant manufactures industrial cleaning equipment, including large mechanical floor scrubbers and sweepers used in warehouses, retail stores, and other commercial facilities. BFA ...

Core Viewpoint - Tennant Company is under investigation for potential violations of federal securities laws related to misleading statements about its ERP system rollout, which led to significant operational disruptions and a substantial stock price drop [1][3][4]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is investigating Tennant for possibly making false statements regarding the implementation of a large-scale ERP system, claiming it was "on time and on budget" while the reality was different [3]. - The investigation focuses on whether Tennant misled investors about the success of the ERP launch in the Asia-Pacific region and the overall stability of operations [3]. Group 2: Financial Impact - Following the ERP system rollout in North America, Tennant experienced severe operational disruptions, resulting in an estimated loss of $30 million in sales and an increased remediation cost of over $20 million for 2026, compared to the planned $5 million [3]. - The stock price of Tennant dropped by $19.28 per share, a decline of more than 23%, from $82.30 on February 23, 2026, to $63.02 on February 24, 2026 [4]. Group 3: Company Background - Tennant Company specializes in manufacturing industrial cleaning equipment, including mechanical floor scrubbers and sweepers used in various commercial settings [2].

NEW YORK, March 20, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Tennant Company (NYSE:TNC) for potential violations of the federal securities laws. If you invested in Tennant, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit. Key Details of the Tennant ($TNC) Class Action Investigation: Investigation Overview: Securities fraud related to Tennant’s implementati ...

SAN FRANCISCO, March 19, 2026 (GLOBE NEWSWIRE) -- On February 24, 2026, investors saw the price of Tennant Company (NYSE: TNC) crater $19.28 (-23%) after the company revealed significant problems with its new Enterprise Resource Planning (“ERP”) system in North America. The surprise development and severe market reaction have prompted national shareholders rights firm Hagens Berman to investigate whether Tennant violated the federal securities laws. The firm urges investors in Tennant who suffered significa ...

Summary of Tennant Company Conference Call (March 19, 2026) Company Overview - **Company**: Tennant Company (NYSE:TNC) - **Market Position**: Global leader in a $9 billion Total Addressable Market (TAM) with a 14% global market share, 25% in the Americas, 10% in EMEA, and 4% in Asia-Pacific [3][4] Core Business Insights - **Differentiated Service Model**: Emphasis on a world-class service model that enhances the aftermarket business, crucial for customer experience [2] - **Robotics and Automation**: Focus on driving industry disruption through robotics, addressing labor shortages and enhancing productivity [2][5] - **Growth Drivers**: Identified five mega trends: automation, modernization, electrification, and sustainability, which are expected to drive future growth [4][6] Financial Performance and Projections - **Growth Targets**: Long-term organic net sales growth target of 3%-5% and EBITDA margin expansion of 50-100 basis points annually [7] - **M&A Aspirations**: Targeting $150 million in revenue from M&A over the long term [8] - **Robotics Revenue Goal**: Ambitious target to grow robotics sales from $85 million in 2025 to $250 million by 2028 [17][18] Innovation and Product Development - **Innovation Focus**: Three main areas: Autonomous Mobile Robots (AMR), small space cleaning solutions, and product line extensions through acquisitions [10][11] - **Recent Product Launches**: Successful entry into outdoor sweeping equipment, with plans for further product introductions [12] ERP Transformation Challenges - **ERP Implementation**: Challenges faced during the ERP rollout in North America, resulting in a $30 million revenue impact due to order entry and fulfillment issues [19][20] - **Recovery Plans**: Focus on stabilizing operations and addressing backlog in Q1, with expectations for improved efficiency in Q2 [23][24] Capital Allocation Strategy - **Investment Priorities**: Emphasis on organic growth, maintaining a disciplined capital allocation strategy, and considering share buybacks when stock prices are favorable [26][27] - **M&A Strategy**: Focus on defending and growing the core business through acquisitions, particularly in robotics and distribution channels [28][29] Market Dynamics and Competitive Landscape - **Competitive Landscape**: Acknowledgment of competition from major players like Nilfisk and Kärcher, with a focus on maintaining a competitive edge through innovation and customer relationships [4][14] - **Market Adaptation**: Continuous assessment of market conditions and competitor offerings to ensure alignment with customer needs and preferences [71] Conclusion - **Outlook**: Despite recent challenges, the company remains optimistic about its growth trajectory, driven by strong market demand and a commitment to innovation and customer service [25][62]

Core Viewpoint - Tennant Company is under investigation for potential securities fraud following a significant stock drop of 23% due to issues with its ERP system implementation [1][3][6]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into Tennant Company for possible violations of federal securities laws [2]. - The investigation focuses on whether Tennant made false and misleading statements regarding the rollout of its ERP system, claiming it was "on time and on budget" and that the launch in the Asia-Pacific region was "successful" [3][6]. Group 2: Stock Performance - On February 24, 2026, Tennant's stock price fell from $82.30 to $63.02 per share, marking a decline of $19.28 per share, which is a 23.4% drop [4][6]. - The company reported a loss of approximately $30 million in sales due to operational disruptions caused by the ERP system, with an additional $20 million needed for remediation in 2026, significantly higher than the planned $5 million [3][4]. Group 3: Company Background - Tennant Company specializes in manufacturing industrial cleaning equipment, including mechanical floor scrubbers and sweepers for commercial facilities [2].

TNC Investigation Alert: BFA Law Investigates Tennant Company After 23% Stock Drop Mar 18, 2026 1:17 PM Eastern Daylight Time TNC Investigation Alert: BFA Law Investigates Tennant Company After 23% Stock Drop Share BFA Law is investigating Tennant Company after its stock plummeted 23% due to issues with its ERP system, potentially violating federal securities laws. NEW YORK--(BUSINESS WIRE)--Leading securities law firm Bleichmar Fonti & Auld LLPannounces an investigation into Tennant Company (NYSE:TNC) for ...

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Tennant Company ("Tennant†or the "Company†) (NYSE: TNC) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON TENNANT COMPANY (TNC), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On February 23, 2026, Tennant released its full year 2025 financial results,. ...