NN Announces Another Strong Quarter of New Business Wins
NN (NASDAQ: NNBR) reported strong Q1 2025 performance with $16.4 million in new business wins, contributing to over $150 million in total new business awards since Q1 2023. The company is leveraging its $340 million asset base and expanding its pipeline in non-automotive, medical, industrial, and automotive products.
Key highlights include:
- $98 million of new business awards will generate revenue in 2025 and beyond
- Pipeline exceeds $340 million in electrical, medical, and industrial sectors
- Company raised its five-year Adjusted EBITDA margin target to 13-14% (up from 12-13%)
- Reaffirmed 2025 Adjusted EBITDA guidance
While experiencing slight underperformance in certain base business areas, NN is implementing cost adjustments and focusing on margin expansion through operational improvements.
NN (NASDAQ: NNBR) ha riportato una solida performance nel primo trimestre 2025 con 16,4 milioni di dollari in nuovi contratti, contribuendo a oltre 150 milioni di dollari in nuovi contratti totali dall'inizio del 2023. L'azienda sta sfruttando la sua base di asset da 340 milioni di dollari ed espandendo il proprio portafoglio nei settori non automobilistico, medico, industriale e automobilistico.
Punti chiave:
- 98 milioni di dollari in nuovi contratti genereranno ricavi nel 2025 e negli anni successivi
- Il portafoglio supera i 340 milioni di dollari nei settori elettrico, medico e industriale
- L'azienda ha aumentato l'obiettivo del margine Adjusted EBITDA a cinque anni al 13-14% (da 12-13%)
- Confermata la guidance sull'Adjusted EBITDA per il 2025
Nonostante una leggera sotto-performance in alcune aree del business principale, NN sta attuando aggiustamenti dei costi e si concentra sull'espansione dei margini attraverso miglioramenti operativi.
NN (NASDAQ: NNBR) reportó un sólido desempeño en el primer trimestre de 2025 con 16,4 millones de dólares en nuevos contratos, contribuyendo a más de 150 millones de dólares en adjudicaciones totales desde el primer trimestre de 2023. La empresa está aprovechando su base de activos de 340 millones de dólares y ampliando su cartera en productos no automotrices, médicos, industriales y automotrices.
Puntos destacados:
- 98 millones de dólares en nuevos contratos generarán ingresos en 2025 y años posteriores
- La cartera supera los 340 millones de dólares en sectores eléctricos, médicos e industriales
- La compañía elevó su objetivo de margen Adjusted EBITDA a cinco años al 13-14% (desde 12-13%)
- Reafirmó la guía de Adjusted EBITDA para 2025
Aunque experimenta un ligero bajo rendimiento en algunas áreas del negocio base, NN está implementando ajustes de costos y enfocándose en la expansión del margen mediante mejoras operativas.
NN (NASDAQ: NNBR)는 2025년 1분기에 1,640만 달러의 신규 수주를 기록하며 강력한 실적을 보고했으며, 2023년 1분기 이후 총 1억 5,000만 달러 이상의 신규 수주를 달성했습니다. 회사는 3억 4,000만 달러 규모의 자산 기반을 활용하여 비자동차, 의료, 산업 및 자동차 제품 분야에서 파이프라인을 확장하고 있습니다.
주요 내용:
- 9,800만 달러의 신규 수주가 2025년 및 그 이후 매출로 이어질 예정
- 전기, 의료, 산업 부문에서 파이프라인이 3억 4,000만 달러를 초과
- 5년간 조정 EBITDA 마진 목표를 12-13%에서 13-14%로 상향 조정
- 2025년 조정 EBITDA 가이던스 재확인
일부 핵심 사업 부문에서 다소 부진한 성과를 보이고 있으나, NN은 비용 조정과 운영 개선을 통한 마진 확대에 주력하고 있습니다.
NN (NASDAQ : NNBR) a annoncé de solides résultats pour le premier trimestre 2025 avec 16,4 millions de dollars de nouveaux contrats, contribuant à plus de 150 millions de dollars de nouveaux contrats depuis le premier trimestre 2023. L'entreprise exploite sa base d'actifs de 340 millions de dollars et étend son portefeuille dans les secteurs non automobile, médical, industriel et automobile.
Points clés :
- 98 millions de dollars de nouveaux contrats généreront des revenus en 2025 et au-delà
- Le portefeuille dépasse 340 millions de dollars dans les secteurs électrique, médical et industriel
- L'entreprise a relevé son objectif de marge d'EBITDA ajusté à cinq ans à 13-14 % (contre 12-13 % auparavant)
- Guidance sur l'EBITDA ajusté pour 2025 confirmée
Bien que certaines activités principales aient légèrement sous-performé, NN met en place des ajustements de coûts et se concentre sur l'expansion des marges grâce à des améliorations opérationnelles.
NN (NASDAQ: NNBR) meldete starke Ergebnisse für das erste Quartal 2025 mit 16,4 Millionen US-Dollar an neuen Aufträgen, was zu insgesamt über 150 Millionen US-Dollar an neuen Aufträgen seit dem ersten Quartal 2023 beiträgt. Das Unternehmen nutzt seine Vermögensbasis von 340 Millionen US-Dollar und erweitert seine Pipeline in den Bereichen Nicht-Automobil, Medizin, Industrie und Automobil.
Wichtige Highlights:
- 98 Millionen US-Dollar an neuen Aufträgen werden 2025 und darüber hinaus Umsätze generieren
- Die Pipeline übersteigt 340 Millionen US-Dollar in den Bereichen Elektrik, Medizin und Industrie
- Das Unternehmen hat sein Ziel für die bereinigte EBITDA-Marge über fünf Jahre auf 13-14 % (vorher 12-13 %) erhöht
- Bestätigung der bereinigten EBITDA-Prognose für 2025
Trotz leichter Unterperformance in einigen Kernbereichen setzt NN Kosteneinsparungen um und konzentriert sich auf Margenausweitung durch operative Verbesserungen.
- Secured $16.4 million in new business wins for Q1 2025
- Accumulated over $150 million in new business awards since Q1 2023
- Raised five-year Adjusted EBITDA margin target to 13-14%
- $98 million of new business awards to generate revenue from 2025
- Minimal tariff impact due to US-based operations
- Base business performing slightly below expectations in certain areas
- Implementing cost adjustments due to market uncertainties
Insights
NN Inc. shows momentum with raised EBITDA margin targets and strong new business wins, offsetting slight base business softness.
NN's latest business update reveals several significant positive developments in their ongoing corporate transformation. The most noteworthy achievement is the company's decision to increase its five-year Adjusted EBITDA margin target range to 13-14%, up from the previous 12-13% target. This upward revision signals management's growing confidence in their ability to execute their strategic initiatives and improve operational efficiency.
The company reported $16.4 million in new business wins for Q1 2025, contributing to an impressive $150+ million in new business awards since Q1 2023. This performance is tracking ahead of their five-year plan, with approximately $98 million of these new wins expected to convert into revenue in 2025 and beyond. Their commercial pipeline continues to expand, now exceeding $340 million, with about half concentrated in their strategic growth areas of electrical, medical, and industrial markets.
NN's diversification efforts are paying dividends, with new business secured across non-automotive industrial products, electrical and power products, medical, and automotive sectors. This diversified approach provides some insulation against sector-specific downturns and creates multiple growth avenues.
The company did acknowledge that their base business is performing slightly below expectations in certain areas due to market uncertainties. However, management is actively addressing this through targeted cost adjustments, and the strength of their new business momentum has enabled them to reaffirm their 2025 Adjusted EBITDA guidance despite these challenges.
An additional competitive advantage emerges from NN's indigenous U.S. manufacturing footprint, which has resulted in minimal direct tariff impacts—a notable positive in the current global trade environment. Overall, the increased margin targets, robust new business wins, and confirmed guidance outweigh the slight softness in base business, indicating meaningful progress in NN's transformation journey.
New Business Awards of
Company raises five-year Adjusted EBITDA margin target range to 13–
CHARLOTTE, N.C., April 21, 2025 (GLOBE NEWSWIRE) -- NN (NASDAQ: NNBR) today announced an update on its new business wins program and its ongoing above-plan margin results.
Highlights:
- First quarter 2025 new business wins were
$16.4 million ; we believe NN is on pace to meet its 2025 goal of$65 million of new business awards- Approximately
$98 million of new business awards will ramp into revenue stream during 2025 and beyond
- Approximately
- New wins for the quarter were in the key focus areas of non-automotive industrial products, electrical and power products, medical, and automotive products
- NN is leveraging its installed base of
$340 million of assets and is selectively adding new capacity in certain growth areas
- NN is leveraging its installed base of
- NN has secured more than
$150 million in new wins since Q1 2023, tracking ahead of its five-year goal and supporting its long-term net sales targets which also assumes a stable base market for ongoing business - NN’s new business pipeline continues to expand in non-automotive, medical, industrial, and automotive products
- NN has built a
$340 + million pipeline in the targeted areas of electrical, medical, and industrial; or about half of its pipeline
- NN has built a
- NN’s adjusted EBITDA rate is ahead of its five-year plan due to cost-improvement actions and new business
- NN is increasing its five-year Adjusted EBITDA target range up to 13
-14% , up from prior range of 12-13% - Company is incurring immaterial direct tariff impacts due to its indigenous footprint strategy in the US
- NN is reaffirming prior adjusted EBITDA guidance for 2025
- NN is increasing its five-year Adjusted EBITDA target range up to 13
Harold Bevis, Chief Executive Officer of NN Inc. commented, “First quarter 2025 was a good quarter for NN as we continued to execute on our transformation strategy, highlighted by strong new business growth of
Bevis concluded, “Our team remains highly focused on accretive margin expansion and driving operational improvements across the company. Our efforts to date have resulted in profitability improvements that are tracking ahead of our initial transformation plan, and as a result, we are increasing our five-year Adjusted EBITDA margin target up to the range of 13
ABOUT NN
NN is a global industrial company that combines advanced engineering and production capabilities to deliver solutions for high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has facilities in North America, Asia, Europe, and South America. For more information, visit www.nninc.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Except for specific historical information, many of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These statements may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to NN, Inc. (the “Company”) based on current beliefs of management as well as assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “growth,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project,” “trajectory” or other similar words, phrases or expressions. Forward-looking statements involve a number of risks and uncertainties that are outside of management’s control and that may cause actual results to be materially different from such forward-looking statements. Such factors include, among others, general economic conditions and economic conditions in the industrial sector; the impacts of pandemics, epidemics, disease outbreaks and other public health crises, on our financial condition, business operations and liquidity; competitive influences; risks that current customers will commence or increase captive production; risks of capacity underutilization; quality issues; material changes in the costs and availability of raw materials; economic, social, political and geopolitical instability, military conflict, currency fluctuation, and other risks of doing business outside of the United States; inflationary pressures and changes in the cost or availability of materials, supply chain shortages and disruptions, the availability of labor and labor disruptions along the supply chain; our dependence on certain major customers, some of whom are not parties to long-term agreements (and/or are terminable on short notice); the impact of acquisitions and divestitures, as well as expansion of end markets and product offerings; our ability to hire or retain key personnel; the level of our indebtedness; the restrictions contained in our debt agreements; our ability to obtain financing at favorable rates, if at all, and to refinance existing debt as it matures; our ability to secure, maintain or enforce patents or other appropriate protections for our intellectual property; new laws and governmental regulations; the impact of climate change on our operations; and cyber liability or potential liability for breaches of our or our service providers’ information technology systems or business operations disruptions. The foregoing factors should not be construed as exhaustive and should be read in conjunction with the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. The Company qualifies all forward-looking statements by these cautionary statements.
Investor Relations:
Joseph Caminiti or Stephen Poe, Investors
NNBR@alpha-ir.com
312-445-2870
FAQ
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