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Director Donal L. Mulligan purchased 8,000 shares of Tennant Company (TNC +0.18%) on Aug. 12, 2026, according to a recent SEC Form 4 filing.

Transaction summaryMetricValueShares purchased8,000Transaction value$538,720Post-transaction shares (total)38,175Post-transaction shares (directly held)22,175Post-transaction shares (indirectly held)16,000Post-transaction value$2.6 millionTransaction value based on SEC Form 4 weighted average purchase price ($67.34); post-transaction value based on Aug. 12, 2026 market close ($69.25).

Key questionsWhat is the significance of this acquisition relative to the director's existing position?
The purchase of 8,000 shares represents a 27% increase in the director's total equity holdings, bringing the combined direct and indirect position to 38,175 shares.How does the transaction price compare to the stock's recent market performance?
Donal L. Mulligan acquired these shares at $67.34 per share on a day when the stock closed at $69.25, following a 17% decline in the share price over the year ending Aug. 12, 2026.What is the current structure of the insider's equity interest?
Following this transaction, the ownership comprises 22,175 shares held directly and 16,000 shares held indirectly through a trust for the insider's spouse.How does this move impact the company's overall insider ownership?
The transaction contributes to a total insider ownership stake of 0.22% in the $1.2 billion machinery company as of the Aug. 12, 2026, market close.Company OverviewMetricValueShare Price (as of market close 2026-08-19)$68.02Market Capitalization$1.2 billionRevenue (TTM)$1.2 billionNet Income (TTM)$18.3 millionCompany SnapshotTennant Company designs, manufactures, and markets sophisticated floor cleaning machinery and equipment, including environmentally friendly cleaning technologies, detergent-free solutions, aftermarket parts and consumables, and equipment maintenance and repair services.The company generates revenue through the sale of floor maintenance equipment, cleaning solutions, and related consumables, supplemented by recurring service revenue from equipment maintenance, repairs, and specialized surface-coating applications.Tennant serves a diverse customer base, including commercial facilities, industrial operations, and institutional clients across the Americas, Europe, the Middle East, Africa, and Asia Pacific regions.Tennant Company is a global industrial machinery manufacturer with approximately 4,500 employees and a market capitalization of $1.2 billion, generating TTM revenue of $1.2 billion. The company maintains a competitive position through its focus on innovative, environmentally sustainable cleaning technologies and a diversified geographic footprint spanning multiple continents. Tennant's integrated business model, combining equipment sales, consumables, and service offerings, provides multiple revenue streams and customer retention mechanisms.

What this transaction means for investorsAs Tennant wrestles with an ERP transition that has temporarily disrupted its operations, it is a pretty promising sign to see Director Mulligan buying $539,000 worth of shares after the stock dropped 20% following earnings earlier this month. Mulligan used his own cash to increase his TNC stake by 27%, suggesting they view these headwinds as temporary and as a potential buy-the-dip opportunity in the stock.

Tennant is a Dividend King with 53 straight years of dividend increases, but its share price has risen only 6% over the last decade. Tennant's operations are in the midst of a multi-year transformation as it moves beyond mechanical cleaning products to autonomous mobile robots (like the kind you might see scooting around at Walmart).

While the ERP transition has temporarily warped Tennant's margins, sales were flat in the last quarter, while orders and backlog grew 7% and 17%, respectively. Most importantly, the company's robotics sales grew 56% in the first half of the year, and management believes they will continue to grow by 50% through 2028. Trading at just 18 times forward earnings, TNC is a reasonably priced Dividend King, but may not offer immense multibagging potential.

Tennant Company (TNC) Q2 2026 Earnings Call Transcript

Order Growth and Robotics Momentum Continued as Margin Recovery Progressed More Slowly Than Expected

Net Sales of $324 Million, a 1.7% Increase over Prior-Year Period

Adjusted EBITDA of $35 Million as Residual ERP and EMEA Cost Pressures Weighed on Margin

Full-Year Net Sales Guidance Raised to $1.270 - $1.310 Billion; Adjusted EBITDA Guidance Lowered to $155 - $170 Million

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company ("Tennant" or the "Company") (NYSE: TNC) today reported its financial results for the quarter ended June 30, 2026.

(In millions, except per share data)

Three Months Ended
June 30,

Six Months Ended
June 30,

2026

2025

Incr /
(Decr)

2026

2025

Incr /
(Decr)

Net sales

$

324.0

$

318.6

1.7

%

$

621.9

$

608.6

2.2

%

Net income

$

7.6

$

20.2

(62.4

)%

$

7.8

$

33.3

(76.6

)%

Diluted EPS

$

0.44

$

1.08

(59.3

)%

$

0.45

$

1.77

(74.6

)%

Adjusted diluted EPS(a)

$

0.83

$

1.49

(44.3

)%

$

1.41

$

2.60

(45.8

)%

Adjusted EBITDA(a)

$

35.3

$

51.0

(30.8

)%

$

64.4

$

92.0

(30.0

)%

Adjusted EBITDA(a) margin %

10.9

%

16.0

%

(510) bps

10.4

%

15.1

%

(470) bps

Highlights

ERP stabilization held during the quarter, though the expected optimization benefits did not fully materialize, with residual inefficiencies in North America and continued pricing and volume pressure in EMEA weighing on results. Orders of $339.5 million increased 6.6% year over year, growing across most regions and building backlog to $127 million, reinforcing healthy underlying demand. Net sales of $324.0 million increased 1.7% year over year, reflecting price realization and favorable foreign currency effects, partially offset by an organic sales decline driven by softer volumes in EMEA and APAC. Adjusted EBITDA(a) of $35.3 million, or 10.9% of net sales, declined compared to the prior year as gross margin and cost leverage fell short of expectations, driven by residual ERP-related inefficiencies in North America and pricing and cost pressure in EMEA. Adjusted diluted EPS(a) of $0.83 declined compared to the prior year, primarily due to lower gross margin rates and higher operating costs, partially offset by the benefit of share repurchases. Robotics momentum continued to build, with AMR sales of approximately $31 million increasing 37% year over year, underscoring progress toward the Company's $250 million AMR revenue target by 2028. “Our second quarter results reflect solid demand and order growth, though margin recovery progressed more slowly than we expected,” said Dave Huml, Tennant President and Chief Executive Officer. “Orders grew across most of our regions, robotics revenue grew approximately 37%, and backlog continued to build, underscoring the strength of underlying demand for our products. At the same time, residual ERP-related inefficiencies in North America and margin pressure in EMEA weighed on profitability more than we anticipated. We are taking targeted actions to address these challenges. Reflecting the strength of our order book, backlog, and continued robotics momentum, we are raising our full-year net sales guidance while lowering our full-year Adjusted EBITDA guidance range to reflect both the profitability impacts experienced in the first half of the year and a more measured pace of margin recovery in the second half.”

Net Sales

Consolidated net sales for the second quarter of 2026 totaled $324.0 million, a 1.7% increase compared to consolidated net sales of $318.6 million in the second quarter of 2025. The components of the consolidated net sales change were as follows:

Three Months Ended
June 30,

Six Months Ended
June 30,

2026 vs. 2025

Price

3.0%

3.6%

Volume

(3.5)%

(4.8)%

Organic decline

(0.5)%

(1.2)%

Acquisitions

0.6%

0.6%

Foreign currency

1.6%

2.8%

Total

1.7%

2.2%

Organic Sales

Organic sales, which exclude the effects of foreign currency and acquisitions, decreased 0.5% in the second quarter compared to the prior year. This decrease was the result of price realization being more than offset by lower volume, reflecting production and fulfillment constraints in North America and softer demand in certain EMEA and APAC markets.

Three Months Ended June 30, 2026

Six Months Ended June 30, 2026

Americas

EMEA

APAC

Total

Americas

EMEA

APAC

Total

Organic sales growth / (decline)

1.4%

(2.8)%

(10.6)%

(0.5)%

(0.7)%

(1.0)%

(6.8)%

(1.2)%

Americas(b): The 1.4% increase in the second quarter was primarily driven by price realization and continued strength in Latin America, partially offset by lower volumes in North America due to production and fulfillment constraints.

EMEA(c): The 2.8% decrease in the second quarter was primarily due to lower equipment volumes in certain European markets, including parts of Southern Europe and the Benelux region, as well as softer demand in export markets impacted by geopolitical developments in the Middle East.

APAC(d): The 10.6% decrease in the second quarter was primarily driven by lower equipment volumes across most countries, reflecting softer market demand and distributor overstock in certain markets, partially offset by price realization and volume growth in India.

Operating Results

The gross profit margin of 39.5% in the second quarter of 2026 was 260 basis points lower compared to the second quarter of 2025. The margin rate decline was driven primarily by ERP-related recovery costs, supply constraints, and elevated freight and tariff-related material costs in North America. In EMEA, margin was pressured by competitive price concessions, volume deleverage, and unfavorable mix. These impacts were partially offset by price realization and cost management actions.

Selling and administrative ("S&A") expense totaled $99.5 million in the second quarter of 2026, a $5.8 million increase compared to the second quarter of 2025. The increase was primarily driven by unfavorable foreign currency, higher people-related costs and technology spend, partially offset by lower bad debt expense and other administrative expenses. S&A expense as a percentage of sales was 30.7% in the second quarter of 2026, compared to 29.4% in the second quarter of 2025. Adjusted S&A(a) as a percentage of net sales increased to 29.1% in the second quarter of 2026, compared to 27.3% in the second quarter of 2025.

Research and development ("R&D") expense totaled $12.5 million in the second quarter of 2026, compared to $9.8 million in the second quarter of 2025. The increase was primarily driven by continued investment in innovation, including robotics and autonomous solutions.

Adjusted EBITDA(a) was $35.3 million in the second quarter of 2026, compared to $51.0 million in the prior-year period. The decrease in Adjusted EBITDA(a) was primarily due to gross margin declines coupled with S&A deleverage. Adjusted EBITDA margin(a) for the second quarter of 2026 was 10.9%, down 510 basis points compared to 16.0% in the prior-year period.

Net income was $7.6 million in the second quarter of 2026, compared to $20.2 million in the second quarter of 2025. Adjusted net income(a) was $14.4 million in the second quarter of 2026, a decrease of $13.4 million compared to the second quarter of 2025. The decrease was primarily driven by lower operating performance from gross margin compression coupled with S&A deleverage.

Adjusted diluted EPS(a) was $0.83 in the second quarter of 2026, compared to $1.49 in the second quarter of 2025. The decrease was driven by lower adjusted net income resulting from gross margin compression and S&A deleverage, partially offset by a reduction of approximately 1.5 million diluted weighted average shares outstanding versus the prior-year period.

Cash Flow, Liquidity and Capital Allocation

Tennant generated $5.0 million of cash flow for operating activities during the second quarter of 2026, a $17.5 million decrease compared to the prior‑year period, primarily driven by lower operating performance and increased working capital requirements, including higher accounts receivable and inventory balances and lower accounts payable. Working capital levels and cash conversion were adversely affected by operational and process inefficiencies associated with the North America ERP implementation, and management remains focused on improving working capital efficiency as stabilization and fulfillment efforts progress.

Liquidity remained strong with a balance of $76.9 million in cash and cash equivalents at the end of the second quarter, and $289.4 million of unused borrowing capacity under the Company's revolving credit facility.

The Company continues to strategically deploy cash flow to meet operational capital requirements and to return capital to shareholders in alignment with its capital allocation priorities. During the second quarter of 2026, the Company invested $5.3 million in capital expenditures and returned $5.3 million to shareholders through dividends. The Company remains diligent in managing its debt and maintaining a strong balance sheet. The Company had a net leverage ratio (Adjusted Net Debt(a) / trailing twelve months (TTM) Adjusted EBITDA(a)) of 2.0 times as of June 30, 2026.

2026 Guidance

Our first-half results reflect solid demand and order growth, though gross margin recovery progressed more slowly than we anticipated. Residual ERP-related inefficiencies in North America, together with pricing and volume pressure in EMEA and incremental freight and material costs tied to Middle East disruptions, weighed on margin performance during the second quarter. Order momentum remained healthy, with orders up 6.6% year over year and backlog building to $127 million, and robotics revenue grew approximately 37% year over year. Based on our first-half performance and our outlook for the second half, we are raising our full-year net sales guidance, reflecting our order and backlog position and continued robotics momentum, while lowering our full-year Adjusted EBITDA guidance range to reflect the slower pace of margin recovery, as follows.

(In millions, except per share data)

2026

Guidance Ranges

Net sales

$1,270 - $1,310

Organic net sales growth

3.5% - 7.0%

Diluted net income per share

$2.15 - $2.80

Adjusted diluted net income per share**

$3.80 - $4.45

Adjusted EBITDA**

$155 - $170

Adjusted EBITDA margin**

12.2% - 13.0%

Capital expenditures

~$25

Adjusted effective tax rate**

24% - 29%

Conference Call

Tennant will host a conference call to discuss its 2026 second quarter results on August 6, 2026, at 9 a.m. Central Time (10 a.m. Eastern Time). The conference call and accompanying slides will be available via webcast on Tennant's investor website. To listen to the call live and view the slide presentation, go to investors.tennantco.com and click on the link at the bottom of the overview page. A replay of the conference call, with slides, will be available at investors.tennantco.com.

Company Profile

Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant's global field service network is the most extensive in the industry. Tennant Company had sales of $1.20 billion in 2025 and has approximately 4,500 employees. Tennant has manufacturing operations throughout the world and sells products directly in more than 21 countries and through distributors in more than 100 countries. For more information, visit www.tennantco.com and www.ipcworldwide.com. The Tennant Company logo and other trademarks designated with the symbol “®” are trademarks of Tennant Company registered in the United States and/or other countries.

Forward-Looking Statements

Certain statements contained in this document are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements do not relate to strictly historical or current facts and provide current expectations or forecasts of future events. Any such expectations or forecasts of future events are subject to a variety of factors. These include factors that affect all businesses operating in a global market as well as matters specific to us and the markets the Company serves. Particular risks and uncertainties presently facing it include: geopolitical and economic uncertainty throughout the world; our ability to comply with global laws and regulations; changes in foreign currency exchange rates; our ability to adapt to customer pricing sensitivities; the competition in our business; fluctuations in the cost, quality or availability of raw materials and purchased components; our ability to adjust pricing to respond to cost pressures; unforeseen product liability claims or product quality issues; our ability to attract, retain and develop key personnel and create effective succession planning strategies; our ability to effectively develop and manage strategic planning and growth processes and the related operational plans; our ability to successfully upgrade and evolve our information technology systems; our ability to successfully protect our information technology systems from cybersecurity risks; complications with our new ERP system; the occurrence of a significant business interruption; our ability to maintain the health and safety of our workers; our ability to integrate acquisitions; our ability to develop and commercialize new innovative products and services; and risks related to our business transformation and strategic initiatives.

The Company cautions that forward-looking statements must be considered carefully and that actual results may differ in material ways due to risks and uncertainties both known and unknown. Information about factors that could materially affect the Company's results can be found in its 2025 Form 10-K. Shareholders, potential investors and other readers are urged to consider these factors in evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.

The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Investors are advised to consult any further disclosures by the Company in its filings with the Securities and Exchange Commission and in other written statements on related subjects. It is not possible to anticipate or foresee all risk factors, and investors should not consider any list of such factors to be an exhaustive or complete list of all risks or uncertainties.

Non-GAAP Financial Measures

This news release and the related conference call include presentation of Non-GAAP measures that include or exclude special items of a nonrecurring and/or nonoperational nature (hereinafter referred to as “special items”). Management believes that the Non-GAAP measures provide useful information to investors regarding the Company’s results of operations and financial condition because they permit a more meaningful comparison and understanding of Tennant Company’s operating performance for the current, past or future periods. Management uses these Non-GAAP measures to monitor and evaluate ongoing operating results and trends and to gain an understanding of the comparative operating performance of the Company.

The Company believes that disclosing S&A expense – as adjusted, S&A expense as a percent of net sales – as adjusted, operating income – as adjusted, operating margin – as adjusted, income before income taxes – as adjusted, income tax expense – as adjusted, net income – as adjusted, net income per diluted share – as adjusted, EBITDA – as adjusted, and EBITDA margin – as adjusted (collectively, the “Non-GAAP measures”), excluding the impacts from special items, is useful to investors as a measure of operating performance. The Company uses these measures to monitor and evaluate operating performance. The Non-GAAP measures are financial measures that do not reflect United States Generally Accepted Accounting Principles (GAAP). The Company calculates the Non-GAAP measures by adjusting for legal contingency costs, ERP modernization costs, ERP amortization costs, legal and financial advisory costs, restructuring-related costs, transaction and integration-related costs, equity method losses and amortization expense. The Company calculates income tax expense – as adjusted by adjusting for the tax effect of these Non-GAAP measures. The Company calculates net income per diluted share – as adjusted by adjusting for the after-tax effect of these Non-GAAP measures and dividing the result by the diluted weighted average shares outstanding. The Company calculates EBITDA margin – as adjusted by dividing EBITDA – as adjusted by net sales.

FINANCIAL TABLES FOLLOW

TENNANT COMPANY

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

  (In millions, except shares and per share data)

Three Months Ended
June 30,

Six Months Ended
June 30,

2026

2025

2026

2025

Net sales

$

324.0

$

318.6

$

621.9

$

608.6

Cost of sales

196.1

184.5

380.4

354.5

Gross profit

127.9

134.1

241.5

254.1

Selling and administrative expense

99.5

93.7

197.6

184.4

Research and development expense

12.5

9.8

23.1

19.5

Operating income

15.9

30.6

20.8

50.2

Interest expense, net

(4.3

)

(2.2

)

(7.7

)

(4.5

)

Net foreign currency transaction loss

(0.3

)

(0.8

)

(0.7

)

(1.0

)

Other expense, net

(1.0

)

(0.3

)

(1.2

)

(0.2

)

Income before income taxes

10.3

27.3

11.2

44.5

Income tax expense

2.7

7.1

3.4

11.2

Net income

$

7.6

$

20.2

$

7.8

$

33.3

Net income per share

Basic

$

0.44

$

1.10

$

0.45

$

1.79

Diluted

$

0.44

$

1.08

$

0.45

$

1.77

Weighted average shares outstanding

Basic

16,898,741

18,508,758

17,226,826

18,605,187

Diluted

17,171,367

18,687,918

17,456,349

18,820,298

GEOGRAPHICAL NET SALES(1) (Unaudited)

Three Months Ended
June 30,

Six Months Ended
June 30,

2026

2025

% Change

2026

2025

% Change

Americas

$

218.7

$

213.5

2.4

%

$

412.7

$

410.8

0.5

%

Europe, Middle
East and Africa

86.5

84.7

2.1

%

173.4

160.7

7.9

%

Asia Pacific

18.8

20.4

(7.8

)%

35.8

37.1

(3.5

)%

Total

$

324.0

$

318.6

1.7

%

$

621.9

$

608.6

2.2

%

TENNANT COMPANY

CONSOLIDATED BALANCE SHEETS (Unaudited)

(In millions, except shares and per share data)

June 30,
2026

December 31,
2025

ASSETS

Cash and cash equivalents

$

76.9

$

106.4

Receivables, less allowances of $10.9 and $10.4, respectively

286.3

256.8

Inventories

201.9

198.5

Prepaid and other current assets

48.7

38.0

Total current assets

613.8

599.7

Property, plant and equipment, less accumulated depreciation of $301.7 and $289.0, respectively

187.7

189.8

Operating lease assets

54.4

56.9

Goodwill

208.3

208.6

Intangible assets, net

48.6

52.6

Other assets

158.0

161.3

Total assets

$

1,270.8

$

1,268.9

LIABILITIES AND EQUITY

Current portion of long-term debt

$

0.5

$

0.4

Accounts payable

112.9

127.5

Employee compensation and benefits

42.8

40.9

Other current liabilities

144.0

124.3

Total current liabilities

300.2

293.1

Long-term debt

358.4

273.2

Long-term operating lease liabilities

32.4

35.5

Employee benefits

16.0

15.7

Deferred income taxes

3.9

3.3

Other liabilities

24.7

44.7

Total long-term liabilities

435.4

372.4

Total liabilities

$

735.6

$

665.5

Common Stock, $0.375 par value; 60,000,000 shares authorized; 17,049,303 and 17,846,681 shares issued and outstanding, respectively

6.4

6.7

Additional paid-in capital

1.3

—

Retained earnings

564.4

628.1

Accumulated other comprehensive loss

(38.7

)

(33.2

)

Total Tennant Company shareholders' equity

533.4

601.6

Noncontrolling interest

1.8

1.8

Total equity

535.2

603.4

Total liabilities and total equity

$

1,270.8

$

1,268.9

TENNANT COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(In millions)

Six Months Ended
June 30,

2026

2025

OPERATING ACTIVITIES

Net income

$

7.8

$

33.3

Adjustments to reconcile net income to net cash used in operating activities:

Depreciation expense

23.1

21.9

Amortization expense

6.8

6.8

Loss from equity method investments

0.5

—

Deferred income tax expense (benefit)

3.9

(0.2

)

Share-based compensation expense

3.6

5.8

Bad debt and returns expense

1.2

3.3

Other, net

0.4

0.3

Changes in operating assets and liabilities:

Receivables

(31.1

)

(2.4

)

Inventories

(18.3

)

(8.3

)

Accounts payable

(12.7

)

(6.2

)

Employee compensation and benefits

1.9

(13.9

)

Other assets and liabilities

(13.3

)

(18.3

)

Net cash (used in) provided by operating activities

(26.2

)

22.1

INVESTING ACTIVITIES

Purchases of property, plant and equipment

(8.5

)

(10.8

)

Payments made in connection with business acquisition, net of cash acquired

(7.2

)

—

Investment in leased assets

(0.2

)

(0.2

)

Cash received from leased assets

0.5

0.4

Net cash used in investing activities

(15.4

)

(10.6

)

FINANCING ACTIVITIES

Proceeds from borrowings

115.0

15.0

Repayments of borrowings

(30.0

)

(0.8

)

Repurchases from exercise of stock options, net of employee tax withholdings obligations of $3.2 and $2.9, respectively

(2.3

)

(2.4

)

Repurchases of common stock

(60.5

)

(33.6

)

Dividends paid

(10.8

)

(11.0

)

Net cash provided by (used in) financing activities

11.4

(32.8

)

Effect of exchange rate changes on cash and cash equivalents

0.7

1.6

Net decrease in cash and cash equivalents

(29.5

)

(19.7

)

Cash and cash equivalents at beginning of period

106.4

99.8

Cash and cash equivalents at end of period

$

76.9

$

80.1

TENNANT COMPANY

SUPPLEMENTAL NON-GAAP FINANCIAL TABLES

Reported to Adjusted Net Income and Net Income Per Share

  (In millions, except per share data)

Three Months Ended June 30,

Six Months Ended June
30,

2026

2025

2026

2025

Net income - as reported

$

7.6

$

20.2

$

7.8

$

33.3

Adjustments:

Amortization expense

2.4

2.5

5.0

5.0

Restructuring-related charge (S&A expense) (2)

1.0

(0.3

)

1.4

0.8

ERP modernization costs (S&A expense) (3)

2.3

5.1

6.4

9.6

ERP amortization costs (S&A expense) (4)

0.5

—

1.0

—

Transaction and integration-related costs (S&A expense) (5)

0.1

—

0.2

—

Legal contingency costs (S&A expense) (6)

0.1

0.3

0.3

0.3

Legal and financial advisory costs (S&A expense) (7)

—

—

2.2

—

Equity method losses (Other expense, net) (8)

0.4

—

0.4

—

Net income - as adjusted

$

14.4

$

27.8

$

24.7

$

49.0

Net income per share - as reported:

Diluted

$

0.44

$

1.08

$

0.45

$

1.77

Adjustments:

Amortization expense

0.15

0.14

0.29

0.27

Restructuring-related charge (S&A expense) (2)

0.06

(0.02

)

0.08

0.04

ERP modernization costs (S&A expense) (3)

0.12

0.27

0.36

0.51

ERP amortization costs (S&A expense) (4)

0.03

—

0.06

—

Transaction and integration-related costs (S&A expense) (5)

0.01

—

0.01

—

Legal contingency costs (S&A expense) (6)

—

0.02

0.01

0.02

Legal and financial advisory costs (S&A expense) (7)

—

—

0.13

—

Equity method losses (Other expense, net) (8)

0.02

—

0.02

—

Net income per diluted share - as adjusted

$

0.83

$

1.49

$

1.41

$

2.60

TENNANT COMPANY SUPPLEMENTAL NON-GAAP FINANCIAL TABLES

Reported Net Income to Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization
(EBITDA)

  (In millions)

Three Months Ended June
30,

Six Months Ended June
30,

2026

2025

2026

2025

Net income - as reported

$

7.6

$

20.2

$

7.8

$

33.3

Adjustments:

Interest expense, net

4.3

2.2

7.7

4.5

Income tax expense

2.7

7.1

3.4

11.2

Depreciation expense

11.7

11.3

23.1

21.9

Amortization expense

3.3

3.4

6.8

6.8

EBITDA

29.6

44.2

48.8

77.7

Adjustments:

Restructuring-related charge (S&A expense) (2)

1.3

(0.3

)

1.8

1.2

ERP modernization costs (S&A expense) (3)

2.8

6.7

8.4

12.7

ERP amortization costs (S&A expense) (4)

0.7

—

1.3

—

Transaction and integration-related costs (S&A expense) (5)

0.2

—

0.3

—

Legal contingency costs (S&A expense) (6)

0.2

0.4

0.4

0.4

Legal and financial advisory costs (S&A expense) (7)

—

—

2.9

—

Equity method losses (Other expense, net) (8)

0.5

—

0.5

—

EBITDA - as adjusted

$

35.3

$

51.0

$

64.4

$

92.0

EBITDA margin - as adjusted

10.9

%

16.0

%

10.4

%

15.1

%

TENNANT COMPANY SUPPLEMENTAL NON-GAAP FINANCIAL TABLES

Reported to Adjusted Selling and Administrative Expense (S&A expense) and Operating Income

  (In millions)

Three Months Ended June
30,

Six Months Ended June
30,

2026

2025

2026

2025

S&A expense - as reported

$

99.5

$

93.7

$

197.6

$

184.4

S&A expense as a percent of net sales - as reported

30.7

%

29.4

%

31.8

%

30.3

%

Adjustments:

Restructuring-related charge (S&A expense) (2)

(1.3

)

0.3

(1.8

)

(1.2

)

ERP modernization costs (S&A expense) (3)

(2.8

)

(6.7

)

(8.4

)

(12.7

)

ERP amortization costs (S&A expense) (4)

(0.7

)

—

(1.3

)

—

Transaction and integration-related costs (S&A expense) (5)

(0.2

)

—

(0.3

)

—

Legal contingency costs (S&A expense) (6)

(0.2

)

(0.4

)

(0.4

)

(0.4

)

Legal and financial advisory costs (S&A expense) (7)

—

—

(2.9

)

—

S&A expense - as adjusted

$

94.3

$

86.9

$

182.5

$

170.1

S&A expense as a percent of net sales - as adjusted

29.1

%

27.3

%

29.3

%

27.9

%

Operating income - as reported

$

15.9

$

30.6

$

20.8

$

50.2

Operating margin - as reported

4.9

%

9.6

%

3.3

%

8.2

%

Adjustments:

Restructuring-related charge (S&A expense) (2)

1.3

(0.3

)

1.8

1.2

ERP modernization costs (S&A expense) (3)

2.8

6.7

8.4

12.7

ERP amortization costs (S&A expense) (4)

0.7

—

1.3

—

Transaction and integration-related costs (S&A expense) (5)

0.2

—

0.3

—

Legal contingency costs (S&A expense) (6)

0.2

0.4

0.4

0.4

Legal and financial advisory costs (S&A expense) (7)

—

—

2.9

—

Operating income - as adjusted

$

21.1

$

37.4

$

35.9

$

64.5

Operating margin - as adjusted

6.5

%

11.7

%

5.8

%

10.6

%

TENNANT COMPANY

SUPPLEMENTAL NON-GAAP FINANCIAL TABLES

Reported to Adjusted Other Expense, Net, Income Before Income Taxes and Income Tax Expense

(In millions)

Three Months Ended June
30,

Six Months Ended June
30,

2026

2025

2026

2025

Other expense, net - as reported

$

(1.0

)

$

(0.3

)

$

(1.2

)

$

(0.2

)

Adjustments:

Equity method losses (Other expense, net) (8)

0.5

—

0.5

—

Other expense, net - as adjusted

$

(0.5

)

$

(0.3

)

$

(0.7

)

$

(0.2

)

Income before income taxes - as reported

$

10.3

$

27.3

$

11.2

$

44.5

Adjustments:

Amortization expense

3.3

3.4

6.8

6.8

Restructuring-related charge (S&A expense) (2)

1.3

(0.3

)

1.8

1.2

ERP modernization costs (S&A expense) (3)

2.8

6.7

8.4

12.7

ERP amortization costs (S&A expense) (4)

0.7

—

1.3

—

Transaction and integration-related costs (S&A expense) (5)

0.2

—

0.3

—

Legal contingency costs (S&A expense) (6)

0.2

0.4

0.4

0.4

Legal and financial advisory costs (S&A expense) (7)

—

—

2.9

—

Equity method losses (Other expense, net) (8)

0.5

—

0.5

—

Income before income taxes - as adjusted

$

19.3

$

37.5

$

33.6

$

65.6

Income tax expense - as reported

$

2.7

$

7.1

$

3.4

$

11.2

Effective tax rate - as reported

26.3

%

26.0

%

30.5

%

25.2

%

Adjustments (9):

Amortization expense

0.9

0.9

1.8

1.8

Restructuring-related charge (S&A expense) (2)

0.3

—

0.4

0.4

ERP modernization costs (S&A expense) (3)

0.5

1.6

2.0

3.1

ERP amortization costs (S&A expense) (4)

0.2

—

0.3

—

Transaction and integration-related costs (S&A expense) (5)

0.1

—

0.1

—

Legal contingency costs (S&A expense) (6)

0.1

0.1

0.1

0.1

Legal and financial advisory costs (S&A expense) (7)

—

—

0.7

—

Equity method losses (Other expense net) (8)

0.1

—

0.1

—

Income tax expense - as adjusted

$

4.9

$

9.7

$

8.9

$

16.6

Effective tax rate - as adjusted

25.7

%

25.9

%

26.8

%

25.3

%

TENNANT COMPANY

SUPPLEMENTAL NON-GAAP FINANCIAL TABLES

Net Leverage Ratio Based on TTM Adjusted EBITDA

Adjusted Net Debt

(In millions)

June 30, 2026

December 31, 2025

Long-term debt

$

358.4

$

273.2

Current portion of long-term debt

0.5

0.4

Cash and cash equivalents

(76.9

)

(106.4

)

Adjusted net debt

$

282.0

$

167.2

Net Leverage Ratio

The following table shows the calculation of the net leverage ratio (in millions, except for the net leverage ratio).

June 30, 2026

December 31, 2025

Adjusted net debt (numerator)

$

282.0

$

167.2

TTM adjusted EBITDA (denominator) (10)

139.8

167.4

Net leverage ratio

2.0

1.0

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC) today announced that Fay West, Senior Vice President, Chief Financial Officer of Tennant Company (the “Company”), gave notice of her intention to retire after her successor has been hired and an appropriate transition period has occurred, with her retirement expected to occur in the second quarter of 2027, but no earlier than April 2, 2027. The Company is commencing a search for a successor Chief Financial Officer. “Fay has been a truste.

NEW YORK, July 29, 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 implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights Why is Tennant Being Investigated for Securities Fraud?

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

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors 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.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable 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.

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.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC) today announced that the company will report its second quarter 2026 financial results after the market closes on Wednesday, August 5, 2026, with a conference call to follow at 10:00 a.m. Eastern Time/ 9:00 a.m. Central Time on Thursday, August 6, 2026. The conference call will be webcast and can be accessed on the company's website at investors.tennantco.com. A replay of the webcast and accompanying slides will be available on the compa.

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) (“Tennant” or the “Company”) for potential violations of the federal securities laws.

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.

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.”

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.

“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.”

If you suffered a loss in Tennant securities and wish to participate, check your eligibility through Lowey’s case management platform, https://claimmagic.com/cases/tennant-company. Alternatively, you can contact our attorneys Andrea Farah ([email protected]) at (914)733-7256 or Vincent R. Cappucci Jr. ([email protected]) at (914)733-7278.

About Lowey Dannenberg

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.

Attorney Advertising

Contact

Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: [email protected]

SOURCE: Lowey Dannenberg

NEW YORK, July 08, 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 implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights
Why is Tennant Being Investigated for Securities Fraud?

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

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors 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.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable 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.

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.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, July 01, 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 implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights
Why is Tennant Being Investigated for Securities Fraud?

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

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors 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.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable 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.

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.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, June 26, 2026 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Tennant Company (NYSE: TNC) (“Tennant” or the “Company”) for potential violations of the federal securities laws.

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.

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.”

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.

“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.”

If you suffered a loss in Tennant securities and wish to participate, check your eligibility through Lowey’s case management platform, https://claimmagic.com/cases/tennant-company. Alternatively, you can contact our attorneys Andrea Farah ([email protected]) at (914)733-7256 or Vincent R. Cappucci Jr. ([email protected]) at (914)733-7278.

About Lowey Dannenberg

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.

Attorney Advertising

Contact

Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email:  [email protected]

SOURCE: Lowey Dannenberg

NEW YORK, June 24, 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 implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights Why is Tennant Being Investigated for Securities Fraud?

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

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors 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.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable 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.

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.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, June 17, 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 implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights
Why is Tennant Being Investigated for Securities Fraud?

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

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors 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.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable 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.

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.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

[url="]Tennant Company[/url] (NYSE: TNC), a world leader in cleaning equipment and solutions, today announced that Richard H. (Rusty) Zay has been appointed Ch

Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 8th:

OFG Bancorp (OFG - Free Report) : This financial holding company, which offers product and services that consist of consumer banking and lending, commercial banking and wealth management primarily in Puerto Rico, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.1%, compared with the industry average of 2.3%.

Scorpio Tankers (STNG - Free Report) : This company, is a provider of marine transportation of petroleum products worldwide, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 89.4% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 2.2%, compared with the industry average of 1.3%.

Tennant (TNC - Free Report) : This company, is a world leader in designing, manufacturing and marketing solutions that empower customers to achieve quality cleaning performance, significantly reduce their environmental impact and help create a cleaner, safer, healthier world, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.4%, compared with the industry average of 0.0%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in autonomous professional cleaning robots, today announced the launch of the X2 ROVR SCRUB, its smallest and most nimble autonomous floor scrubber designed to deliver consistent, repeatable cleaning performance in tight, high‑traffic commercial environments. Built for small retail, grocery, healthcare, education, convenience stores, and other space‑constrained facilities, the X2 ROVR SCRUB enables organizations to automa.

Shares of Tennant (TNC - Free Report) have been struggling lately and have lost 5.4% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.

The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this maker of products for cleaning floors, parking lots and hospitals enhances its prospects of a trend reversal.

What is a Hammer Chart and How to Trade It?This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'

In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.

When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.

Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.

Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.

Here's What Makes the Trend Reversal More Likely for TNCAn upward trend in earnings estimate revisions that TNC has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. That's because empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

Over the last 30 days, the consensus EPS estimate for the current year has increased 6.2%. What it means is that the sell-side analysts covering TNC are majorly in agreement that the company will report better earnings than they predicted earlier.

If this is not enough, you should note that TNC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Moreover, a Zacks Rank of 2 for Tennant is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.

NEW YORK, May 18, 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 implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights Why is Tennant Being Investigated for Securities Fraud?

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

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors 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.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable 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.

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.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, May 22, 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 implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights Why is Tennant Being Investigated for Securities Fraud?

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

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors 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.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable 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.

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.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, May 27, 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 implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights
Why is Tennant Being Investigated for Securities Fraud?

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

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors 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.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable 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.

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.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

Key Takeaways U.S. manufacturing PMI rose to 54% in May, supporting five favored manufacturing stock picks.Helios Technologies is seeing order growth, rising backlog and improving profitability.Graham projects 17.4% revenue growth and 47.4% earnings growth for the current year. The U.S. manufacturing sector has struggled over the past three years but appears to be making a solid rebound in 2026. ISM Manufacturing PMI (purchasing managers’ index) expanded in May for the fifth straight month. 

The index for May came in at 54%, higher than April’s metric of 52.7% and above the Zacks Consensus Estimate of 53.3%. Any reading above 50% indicates expansion of manufacturing activities. 

The Zacks-defined Manufacturing – General Industrial industry is currently in the top 35% of the Zacks Industry Rank. Since Manufacturing – General Industrial is ranked in the top half of the Zacks Ranked Industries, we expect it to outperform the market over the next three to six months.

Given the positive sentiment, it would be ideal to invest in five stocks from the manufacturing industry with a favorable Zacks Rank and double-digit returns year to date. These are: RBC Bearings Inc. (RBC - Free Report) , Helios Technologies Inc. (HLIO - Free Report) , Luxfer Holdings plc (LXFR - Free Report) , Tennant Co. (TNC - Free Report) and Graham Corp. (GHM - Free Report) . 

The chart below shows the price performance of our five picks year to date.

Image Source: Zacks Investment Research

RBC Bearings Inc.Zacks Rank #2 RBC Bearings is benefiting from strength in its Aerospace/Defense unit. Strength in the commercial aerospace market, driven by strong growth in orders from the aftermarket verticals, bodes well for the segment. 

An increase in demand for RBC’s bearings and engineered component products in the defense market is expected to be beneficial. Solid momentum in the Industrial segment, driven by stable demand for its highly engineered bearings and precision components in food & beverage, aggregate & cement and warehousing end markets, also bodes well for RBC. Solid shareholder-friendly policies raise the stock’s attractiveness.

RBC Bearings has an expected revenue and earnings growth rate of 13.6% and 14.2%, respectively, for the current year (ending March 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 0.5% in the last 60 days.

Helios Technologies Inc.Zacks Rank #1 Helios Technologies is benefiting from sustained order momentum, expanding market reach and improving profitability. HLIO has delivered double-digit order growth for more than a year, with backlog also rising. Growth across both Hydraulics and Electronics segments is driven by infrastructure-related demand, OEM strength and recovery in select end markets. 

New product launches are broadening HLIO’s addressable markets, including newer applications such as data center thermal management. At the same time, margin recovery is gaining traction through volume leverage and operational efficiencies. HLIO’s solid cash generation and lower leverage provide flexibility to invest, pursue selective acquisitions and enhance shareholder returns.

Helios Technologies has an expected revenue and earnings growth rate of 2.9% and 12.9%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 4.7% in the last 30 days.

Luxfer Holdings plcLuxfer Holdings is a materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders. LXFR had two divisions, Elektron and Gas Cylinders. Currently, Luxfer Holdings sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Elektron division focuses on specialty materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminum, composites and other metals using technically advanced processes. 

LXFR also offers recycling services and magnesium powders throughout global networks. LXFR operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, the Czech Republic, Canada and China.

Luxfer Holdings has an expected revenue and earnings growth rate of -6.1% and 8.1%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 7.1% in the last 30 days.

Tennant Co.Zacks Rank #1 Tennant is a world leader in designing, manufacturing and marketing solutions that empower customers to achieve quality cleaning performance, significantly reduce their environmental impact and help create a cleaner, safer, healthier world. 

TNC’s products include equipment for maintaining surfaces in industrial, commercial and outdoor environments, detergent-free and other sustainable cleaning technologies, and coatings for protecting, repairing and upgrading surfaces. 

TNC’s global field service network is the most extensive in the industry. Tennant has manufacturing operations in Minneapolis, MN, Holland, MI, Louisville, KY, Chicago, IL, Uden, The Netherlands, Sou Paulo, Brazil, and Shanghai, China. TNC sells products directly in 15 countries and through distributors in more than 80 countries.

Tennant has an expected revenue and earnings growth rate of 5.4% and -6.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 5.8% in the last 30 days.

Graham Corp.Zacks Rank #2 Graham designs and builds vacuum and heat transfer equipment for process industries and energy markets worldwide. GHM’s products include steam jet ejector vacuum systems and liquid ring vacuum pumps, surface condensers, Heliflows, water heaters, and various types of heat exchangers. GHM markets to chemical, petrochemical, petroleum refining, and electric power generating industries, including cogeneration and geothermal plants.

Graham has an expected revenue and earnings growth rate of 17.4% and 47.4%, respectively, for the current year (ending March 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 3% in the last 30 days.

NEW YORK, June 10, 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 implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights Why is Tennant Being Investigated for Securities Fraud?

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

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors 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.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable 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.

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.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.