Welcome to our dedicated page for Nn news (Ticker: NNBR), a resource for investors and traders seeking the latest updates and insights on Nn stock.
Overview of NN Inc
NN Inc (NASDAQ: NNBR) is a diversified industrial company that seamlessly combines advanced engineering and production capabilities with in-depth materials science expertise. At its core, the company designs and manufactures high-precision components and assemblies that serve a wide array of applications, particularly within the industrial, automotive, electrical, aerospace, and defense markets. By leveraging a blend of rigorous engineering standards and innovative manufacturing processes, NN Inc establishes a robust foundation in producing solutions that meet the ever-evolving demands of global markets.
Business Segments and Operational Excellence
The company operates primarily through two distinct business segments: Mobile Solutions and Power Solutions. The Mobile Solutions segment addresses the needs of general industrial and automotive end markets by focusing on high-quality, mobile engineered components, thereby supporting dynamic applications that require mobility and adaptability. Conversely, the Power Solutions segment caters to sectors such as electrical systems, aerospace, and defense, offering critical components that demand superior performance under stringent conditions.
Each segment is underpinned by a commitment to operational excellence, characterized by cost optimization strategies, strategic facility transformations, and enhanced production efficiencies. NN Inc has realigned its commercial and operational strategies to improve returns and strengthen its market position, emphasizing a clear value proposition that centers around precise manufacturing and technical innovation.
Global Footprint and Engineering Prowess
Headquartered in North America with significant operations and facilities globally, NN Inc demonstrates an expansive reach that includes strategic production bases in Europe. For instance, the company maintains a strong connection to its European roots, as evident from its affiliation with NN Netherlands B.V., a machinery company based out of De Smalle Zijde 1-B, Veenendaal, Netherlands. This collaboration underscores NN Inc's commitment to integrating European engineering rigor with a global operational strategy.
Core Competencies and Market Differentiation
At the heart of NN Inc’s operations is a commitment to precision and quality. Its core competencies include:
- Advanced Engineering: The ability to develop and design components that meet high-precision standards for complex applications.
- Materials Science Expertise: Leveraging deep scientific knowledge to select and work with materials that enhance product performance and durability.
- Integrated Production Capabilities: Merging design and manufacturing processes to enable seamless production of tailored solutions across various market segments.
This integrated approach not only streamlines production but also fosters a culture of continuous improvement and innovation. By focusing on operational improvements, cost reductions, and quality enhancements, NN Inc differentiates itself from competitors who may not possess the same level of technical depth or global manufacturing footprint.
Industry Position and Significance
NN Inc’s strategic positioning within highly specialized industrial segments allows it to serve critical needs across multiple industries. Its products are fundamental in scenarios where precision and reliability are paramount. By addressing both mobile and power solution requirements, the company is well placed to support industries that rely on robust, high-performance components for everyday operations and mission-critical applications.
Furthermore, NN Inc’s ability to adapt to industry shifts through operational transformation and restructured business models enhances its standing in a competitive market. The company’s commitment to realigning its strategies – from cost management to customer performance improvements – lays a strong foundation for sustained operational efficiency and technical excellence.
Innovation and Customer-Centric Approach
Innovation forms the bedrock of NN Inc’s culture. The company consistently drives improvements in design, manufacturing, and overall operational performance. A customer-centric approach is evident in its commitment to developing products that not only satisfy stringent industry requirements but also provide enhanced performance throughout their lifecycle. This approach is bolstered by a team of experienced professionals dedicated to ensuring that every component delivers value and reliability.
Operational Strategy and Transformation
NN Inc continuously works on optimizing its manufacturing footprint while reducing operational expenses through facility realignments and strategic cost savings. This transformation approach, which includes facility closures, labor cost savings, and operational efficiencies, reinforces the company’s ability to compete on both quality and cost. It also supports an agile business model that is responsive to shifts in global market demand and currency fluctuations.
Conclusion
In summary, NN Inc stands as a robust example of a diversified industrial company that has harnessed the dual powers of advanced engineering and comprehensive manufacturing expertise. By delivering precision-engineered components for critical end markets such as automotive, electrical, aerospace, and defense, NN Inc not only addresses significant industry challenges but also exemplifies operational resilience and technical acumen. The company’s strategic focus on quality, innovation, and operational improvement, combined with a strong global presence, underscores its role as a vital contributor to the modern industrial landscape.
NN, Inc. (NASDAQ: NNBR), a global diversified industrial company specializing in high-precision components and assemblies, has announced its participation in the upcoming Sidoti Small Cap Conference. The company's executive leadership, including President and CEO Harold Bevis and Senior VP/CFO Chris Bohnert, will deliver a virtual presentation on Thursday, March 20, 2025, at 3:15 p.m. ET.
Investors can access the webcast presentation by registering online, with all registrants receiving an event link. The presentation materials will also be available through the investor section of NN's website at www.nninc.com. Additionally, the management team will conduct one-on-one and group meetings with registered investors and analysts during the conference.
NN Inc (NASDAQ: NNBR) reported its Q4 and full-year 2024 financial results, showing mixed performance in its transformation year. Q4 net sales decreased 5.3% to $106.5 million, while full-year sales declined 5.1% to $464.3 million. However, pro forma sales adjusted for the Lubbock sale showed a 2% Q4 increase.
The company achieved record new business wins of $73 million in 2024, surpassing 2023's $63 million. Q4 Adjusted EBITDA improved to $12.1 million (11.3% of sales) from $10.0 million in Q4 2023. The company reported Q4 adjusted loss per share of $(0.02) and full-year adjusted loss of $(0.17).
For 2025 outlook, NN projects revenues between $450-480 million and Adjusted EBITDA of $53-63 million, targeting 15% growth. The company expects to maintain new business wins between $60-70 million, focusing on stamped products, electrical products, and medical products.
NN Inc (NASDAQ: NNBR), a global diversified industrial company specializing in high-precision components and assemblies, has scheduled its fourth quarter and full-year 2024 earnings release for Wednesday, March 5th, 2025, after market close.
The company will host a conference call to discuss the results on Thursday, March 6th, 2025, at 9:00 a.m. E.T. Participants can join by dialing 1-877-255-4315 (U.S.) or 1-412-317-6579 (international). The call will be simultaneously webcast through NN's Investor Relations website. A replay will be available on the company's website until March 6th, 2026.
NN, Inc. (NASDAQ: NNBR), a global diversified industrial company specializing in high-precision components and assemblies, has announced a schedule change for their upcoming presentation at the Sidoti Micro Cap conference. The company's executive management will now present virtually at 2:30 p.m. ET on Wednesday, January 22nd, 2025.
Investors can register online to access the live webcast presentation, and all registrants will receive an event link. The presentation materials and webcast link will also be available through the investor section of NN's website. Additionally, the executive team will conduct one-on-one and group meetings with registered investors and analysts during the conference.
NN, Inc. (NASDAQ: NNBR) has released its 2023 Sustainability Report, showcasing the company's achievements and initiatives in sustainable business practices throughout fiscal year 2023. The report demonstrates NN's commitment to transparency, innovation, and responsible business operations.
As a global diversified industrial company specializing in high-precision components and assemblies, NN has aligned its reporting with prominent sustainability frameworks, including the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate related Financial Disclosures (TCFD). The report also incorporates materiality topics from the UN Sustainable Development Goals (SDGs).
Stakeholders can access the complete report on the company's website at nninc.com in the sustainability section.
NN, Inc. (NASDAQ: NNBR), a global diversified industrial company specializing in high-precision components and assemblies, has announced its participation in the upcoming Sidoti Micro Cap Conference. The company's leadership team, including President and CEO Harold Bevis and Senior VP/CFO Chris Bohnert, will deliver a virtual presentation on January 23rd, 2025, at 10:45 a.m. ET.
Investors can access the live webcast presentation by registering through a provided link, and presentation materials will be available through the investor section of NN's website at www.nninc.com. The executive management team will also conduct one-on-one and group meetings with investors and analysts registered for the conference.
NN, Inc. (NASDAQ: NNBR), a global industrial company, announced record-setting new business wins for the second consecutive year, totaling $73 million in 2024. This brings the two-year total to $136 million. Key areas of new business include vehicle control, energy efficiency, electrical grid devices, and medical components.
Highlights:
- 2024 new business wins: $73 million
- 2023 new business wins: $63 million
- 2022 new business wins: $38.5 million
- Five-year goal: $325 million in new business wins, targeting $600 million in sales and 13% adjusted EBITDA margins
- 2025 new business pipeline: Over $720 million
- 50 new business programs launching in Q1 2025
- 80 new programs expected for full-year 2025
- 2025 Q1 launches: 50 programs from 11 plants across the US, Brazil, France, Poland, and China, totaling $20.8 million in annualized sales
- Key focus areas: Electrical Power ($250+ million), Vehicle Control ($100+ million), Fuel Efficiency & Hybrid ($100+ million), Medical and Industrial ($100+ million)
CEO Harold Bevis highlighted the company's commitment to innovation and growth, aiming to become an elite supplier in targeted markets. The company's new business acquisition pace will continue into 2025 and 2026, supported by a $720 million pipeline.
NN Inc. (NASDAQ: NNBR) has secured a new $50 million asset-backed senior secured revolving credit facility (ABL). The new ABL Credit Agreement, underwritten by PNC Bank, will mature on either December 30, 2029, or 90 days prior to the company's term loan maturity date, whichever comes first.
The proceeds from this facility were used to refinance outstanding obligations under the company's existing asset-backed loan agreement. According to CFO Chris Bohnert, this refinancing represents a significant step in their comprehensive refinancing efforts, with the favorable terms reflecting market confidence in the company's transformation initiatives.
NN Inc (NASDAQ: NNBR), a global diversified industrial company specializing in high-precision components and assemblies, has announced its participation in the Noble Capital Markets' NobleCon20 conference. Chris Bohnert, SVP and CFO, will deliver a presentation on December 3rd at 1:30 p.m. ET at Florida Atlantic University's Executive Education Complex. The management team will also engage in one-on-one and group meetings with registered investors. Presentation materials will be accessible through the investor section of NN's website.
NN, Inc. (NASDAQ: NNBR) announced that its executive management team will present at the Gabelli Funds 48th Annual Automotive Symposium in Las Vegas on November 4, 2024. Harold Bevis, President and CEO, and Chris Bohnert, Senior VP and CFO, will deliver their presentation at 11:20 a.m. PT (2:20 p.m. ET). Investors can register online to access the live event, and presentation materials will be available through the investor section of NN's website. The management team will also conduct one-on-one and group meetings with investors and analysts attending the conference.
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