NEW YORK, July  16, 2026  (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Tennant Company (NYSE:TNC) (&#34;Tennant&#34; or the

Lowey Dannenberg, P.C. is Investigating Tennant Company (NYSE: TNC) for Potential Violations of the Federal Securities Laws

ERP disruption triggers securities investigation and cost overruns at Tennant (TNC)

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    <h3>Information</h3>
    <p>NEW YORK, July  16, 2026  (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Tennant Company (NYSE:TNC) (&amp;#34;Tennant&amp;#34; or the</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Lowey Dannenberg is investigating Tennant Company for potential securities violations tied to its North American ERP rollout, which caused order disruptions and roughly $30 million in lost sales, with remediation costs exceeding $20 million in 2026 versus $5 million planned. Tennant had said the project was on track and APAC rollout was successful, while the stock fell more than 23% on the news.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Lowey Dannenberg investigates Tennant for potential securities violations tied to ERP rollout.</li><li>NA ERP rollout disrupted orders; about $30 million in sales lost; remediation &gt;$20 million in 2026.</li><li>Tennant previously claimed ERP progress was on track and APAC launch was successful.</li><li>Tennent stock dropped over 23% to $63.02 on Feb 24, 2026.</li><li>Law firm advertises investor claims; contact details provided.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Tennant Company (TNC)</strong>: Subject of a securities-investigation inquiry related to ERP rollout; potential material impact on operating results and stock perception.</li><li><strong>Lowey Dannenberg P.C.</strong>: Leading investor-litigation firm advertising claims; could influence market sentiment but limited direct price impact absent new facts.</li></ul>
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  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. The piece centers on a securities-law inquiry tied to corporate ERP failures, highlighting potential legal exposure and credibility risks for Tennant.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Lawsuit investigation raises governance and legal-risk concerns for Tennant.</li><li>ERP remediation costs (over $20 million) could pressure margins and cash flow.</li><li>Recent 23% share-price drop indicates high event-related downside sensitivity.</li><li>Potential settlements or penalties could further affect cash burn and guidance.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>February 24, 2026: NA ERP rollout caused order processing disruptions; ~$30m in sales lost.</li><li>Remediation costs expected to exceed $20m in 2026 vs ~$5m planned.</li><li>Stock fell from $82.30 to $63.02 (−$19.28, −23%) on February 24, 2026.</li><li>Activity led by Lowey Dannenberg P.C., announcing securities-law investigations into Tennant.</li><li>APAC ERP rollout was described by Tennant as successful prior to NA issues.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term negative catalyst risk; monitor litigation progress and remediation costs over the next 3–6 months.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NEW YORK, July  16, 2026  (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Tennant Company (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TNC">TNC</a>) ("Tennant" or the "Company") for potential violations of the federal securities laws.</p>  <p align="justify">On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including the inability to process and ship customer orders following the launch of the system. 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.</p>  <p align="justify">This revelation came after Tennant repeatedly assured investors that the project was "progressing as we’ve anticipated," was "on time and on budget," and that the launch of the ERP in its Asia-Pacific region had been "successful," with Tennant stating it had "mitigated disruptions and stabilized operations."</p>  <p align="justify">This news caused the price of Tennant stock 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.</p>  <p align="justify">"We urge Tennant investors to reach out and check their eligibility," said Andrea Farah, Partner and Head of Securities Practice at Lowey Dannenberg, P.C. "Investors can either email us directly or check their eligibility on our case management platform, Claim Magic."</p>  <p align="justify">If you suffered a loss in Tennant securities and wish to participate, check your eligibility through Lowey’s case management platform, <a href="https://www.globenewswire.com/Tracker?data=8K9UAiXB-pjA0bgIzkCD23Ta0VLrnjM2fjiFaEzjsc9jlJyXMdM7t9MpfGmpk6-z9JWQQ7Ek2kKeEHudE01jgF2eaeqR1L6aRLXxF5KpvVm74NQHDDFmfsUpBnwOXxlIqHuY-lHIrWwavBaCCczWu9LTJOAdI-NCtKHYTcsmpcU=" rel="nofollow" target="_blank">https://claimmagic.com/cases/tennant-company</a>. Alternatively, you can contact our attorneys Andrea Farah (<a href="https://www.globenewswire.com/Tracker?data=8IaZXHikxgcm4sApcT7DktF25w15KoAEW5uIlnSIFRT3bTMHqs3SNTe6SxIM_u1GRRbphqV4DVUZGRBtNDOy9FyqLZJjrJjgXMd6pDu0JeE=" rel="nofollow" target="_blank">afarah@lowey.com</a>) at (914)733-7256 or Vincent R. Cappucci Jr. (<a href="https://www.globenewswire.com/Tracker?data=UGw0iCsgBClzo7kUXei94k8vh6EHbZZxlDl6Q_cgKmhvVR_Hswoag5B6df5alK46Qmdc8OKVSjk8pojQwJfwdzgdLZYjnO7j92um8A9DO7M=" rel="nofollow" target="_blank">vcappucci@lowey.com</a>) at (914)733-7278.</p>  <p align="justify"><strong>About Lowey Dannenberg</strong></p>  <p align="justify">Lowey Dannenberg is a national firm representing institutional and individual investors who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.</p>  <p align="center"><strong>Attorney Advertising</strong></p>  <p><strong>Contact</strong></p>  <p>Lowey Dannenberg P.C.<br></br>44 South Broadway, Suite 1100<br></br>White Plains, NY 10601<br></br>Tel: (914) 733-7256<br></br>Email: investigations@lowey.com</p>  <p><strong>SOURCE:</strong> Lowey Dannenberg</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc2MjA2MyM3NzA1NTY3IzIxOTQ1MzQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MDEyOGVmZGYtMDM3Yi00ODg2LWFiN2MtOGUyZTJkYmIxMjNmLTEyMDYwODctMjAyNi0wNy0xNi1lbg==/tiny/Lowey-Dannenberg-P-C-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/38c8d81f-4a6b-4f23-8411-e6be6a60dda1"><img src="https://ml.globenewswire.com/media/38c8d81f-4a6b-4f23-8411-e6be6a60dda1/small/ld-logo-png.png" border="0" width="150" height="50" alt="Primary Logo"></img></a></p>

Lowey Dannenberg is investigating Tennant Company for potential securities violations tied to its North American ERP rollout, which caused order disruptions and roughly $30 million in lost sales, with remediation costs exceeding $20 million in 2026 versus $5 million planned. Tennant had said the project was on track and APAC rollout was successful, while the stock fell more than 23% on the news.

Lowey Dannenberg, P.C. is Investigating Tennant Company (NYSE: TNC) for Potential Violations of the Federal Securities Laws

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

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