Why Tennant Stock Is Plummeting Today

Shares of leading floor-care equipment and cleaning solutions provider Tennant Company (NYSE: TNC) are down 26% as of 1 p.m. ET on Tuesday after the company delivered lackluster fourth-quarter earnings. Sales, adjusted EBITDA, and adjusted earnings per share (EPS) sank 11%, 46%, and 68%, after Tennant's plant ERP transition in November disrupted operations. The company's Q4 sales of $292 million and adjusted EBITDA of $45 million were impacted by $30 million and $22 million, respectively, due to order-entr ...