NEW YORK, June  30, 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

Tennant Company (NYSE: TNC) is being investigated by Lowey Dannenberg over potential violations of Federal Securities Laws

Securities Investigation into Tennant ERP Costs Sends TNC Shares Lower

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, June  30, 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 for potential securities-law violations after Feb 24, 2026 disclosures that a North American ERP rollout caused significant disruptions, including about $30 million in lost sales and more than $20 million in remediation. Tennant had said ERP progress was on track and its Asia-Pacific rollout was successful, triggering a sharp 23% stock drop.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Lowey Dannenberg investigating Tennant for potential securities-law violations.</li><li>Feb 24, 2026 ERP rollout in NA caused disruptions; $30m sales loss; remediation &gt;$20m.</li><li>Company previously claimed ERP progress on track and Asia-Pacific rollout successful.</li><li>TNC stock fell 23% to $63.02 after the disclosure.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Tennant Company (TNC)</strong>: ERP rollout disruptions led to a $30m sales hit; subject to securities-law investigation; near-term volatility expected.</li><li><strong>Lowey Dannenberg P.C. (N/A)</strong>: Law firm conducting investor-restitution pursuit; signals potential litigation risk but limited direct market impact.</li></ul>
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  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. The piece centers on a securities-law investigation into Tennant, highlighting potential litigation risk and investor impact from ERP-cost overruns and remediation costs, a classic legal overhang on a stock with operating-cost implications.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>ERP remediation costs may exceed initial guidance, pressuring margins.</li><li>Feb 24, 2026 stock drop about 23% signals sentiment shift.</li><li>Securities investigation adds overhang and potential liability risk.</li><li>Investors will await management updates and any legal developments.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Feb 24, 2026: Tennant disclosed NA ERP disruptions.</li><li>Lost sales about $30 million; remediation costs &gt;$20 million in 2026 vs $5 million planned.</li><li>Stock fell from $82.30 on Feb 23 to $63.02 on Feb 24, down 23%.</li><li>Lowey Dannenberg P.C. opened securities-law investigation into Tennant.</li><li>Asia-Pacific ERP rollout previously described as successful.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term bearish for TNC on ERP-cost overruns and legal scrutiny; expect volatility until clarity on remediation and potential liabilities.</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, June  30, 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=At05hB2dV7axrC6QreYrCEBbc5J-Hd_5Im7Z4g_PzUjGj3eOJb2eq9cT-kozbN0HGIzCtPEwN9fieOE9FVmjPdTDSUIHsZiebHcQSiqzvz6iHvr_elltHSZo4Y_MY28kPxEp-LwP7tgSyKFFAa2iFhbow6BzQssjNs0O9K1wYQU=" 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=pjPrNKQyrtqzYTmfNkLjx5L8CGPkVEWbrgFhbEE1wEWRMQAvaS0pXysBDgU8558i1WOLRkl8x2BMUBluzP4ds1M7BrNt5N7Msl7q08MjTDg=" 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=RrFB6Vhsv8cvfEee7uW6xzcoSKQTCGURRrxaWCbT1Cx-x-wR_NC5xRgaO675E57b1qiDCx3MOXu6_raDCSbIYZcwcW1Myy5Z-m2-egc7bSs=" 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=OTc1NDg0NyM3Njg0Nzg0IzIxOTQ1MzQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MmZjYTlkNzctZjMyMi00M2NlLTk0YzEtZWJhNjFiNDQ4ZjllLTEyMDYwODctMjAyNi0wNi0zMC1lbg==/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 for potential securities-law violations after Feb 24, 2026 disclosures that a North American ERP rollout caused significant disruptions, including about $30 million in lost sales and more than $20 million in remediation. Tennant had said ERP progress was on track and its Asia-Pacific rollout was successful, triggering a sharp 23% stock drop.

Tennant Company (NYSE: TNC) is being investigated by Lowey Dannenberg over potential violations of Federal Securities Laws

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

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