Tennant Company Investors May Have Been Affected by ERP System Rollout Issues

BFA Law Investigating Potential Securities Fraud After 23% Stock Drop

Apr. 15, 2026 at 10:20am

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A photorealistic studio still life featuring a sleek, modern computer monitor and keyboard on a clean, monochromatic background, symbolizing the abstract corporate technology and finance themes of the story.A minimalist studio still life captures the abstract corporate technology challenges underlying Tennant's ERP system rollout issues.NYC Today

Leading securities law firm Bleichmar Fonti & Auld LLP (BFA Law) has announced an investigation into Tennant Company (NYSE:TNC) for potential violations of federal securities laws. The investigation focuses on whether Tennant made false or misleading statements to investors regarding the implementation and rollout of a new company-wide enterprise resource planning (ERP) system, which caused severe operational disruptions and a 23% stock price drop.

Why it matters

Tennant's ERP system issues and the resulting stock decline could indicate potential securities fraud, which would have significant implications for the company and its investors. The investigation aims to determine if Tennant misled investors about the status and impact of the ERP rollout, potentially violating federal laws.

The details

Tennant, a manufacturer of industrial cleaning equipment, revealed on February 24, 2026, that the rollout of its new ERP system in North America caused severe operational disruptions, including an inability to process and ship customer orders. As a result, Tennant lost roughly $30 million in sales and would need to spend more than $20 million in 2026 to remediate the issues, compared to roughly $5 million the company had planned to spend. This news caused Tennant's stock price to drop $19.28 per share, more than 23%, from a closing price of $82.30 per share on February 23, 2026, to $63.02 per share on February 24, 2026.

  • On February 24, 2026, Tennant revealed the operational disruptions and financial impact of its ERP system rollout.
  • Tennant's stock price dropped 23.4% on February 24, 2026, from $82.30 per share to $63.02 per share.

The players

Tennant Company

A manufacturer of industrial cleaning equipment, including large mechanical floor scrubbers and sweepers used in warehouses, retail stores, and other commercial facilities.

Bleichmar Fonti & Auld LLP (BFA Law)

A leading international law firm representing plaintiffs in securities class actions and shareholder litigation.

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What’s next

BFA Law is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of its new ERP system. The firm is encouraging Tennant investors to contact them to discuss their potential legal options.

The takeaway

Tennant's ERP system issues and the resulting stock decline could indicate potential securities fraud, which would have significant implications for the company and its investors. The investigation by BFA Law aims to determine if Tennant misled investors about the status and impact of the ERP rollout, potentially violating federal laws.