NN, Inc. To Hold Fourth Quarter and Full Year 2020 Earnings Conference Call on Friday, March 12, 2021

Rhea-AI Summary

NN, Inc. (NASDAQ: NNBR) will release its fourth quarter and full year 2020 financial results on March 11, 2021, after market close. A conference call will take place at 9 a.m. ET on March 12, 2021, to discuss the results, which can be accessed via the company’s website. NN, Inc. specializes in manufacturing high-precision components and assemblies for various global markets from its 32 facilities across North America, Europe, South America, and China. Notably, the press release includes cautionary forward-looking statements regarding the company's financial performance amid economic uncertainties.

Positive

• Scheduled release of fourth quarter and full year 2020 financial results may indicate financial transparency.
• Company operates 32 facilities globally, suggesting strong operational capacity.

Negative

• Risk of economic conditions impacting financial performance, particularly due to the COVID-19 pandemic.
• Dependence on major customers could pose risks to revenue stability.

CHARLOTTE, N.C., Feb. 18, 2021 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today announced that it will release fourth quarter and full year 2020 financial results for the period ended December 31, 2020, after the close of the market on Thursday, March 11, 2021.

Management will hold a conference call at 9 a.m. ET on Friday, March 12, 2021, to review the Company's results. The conference call will be webcast simultaneously and in its entirety through the Company's website at www.nninc.com. For those who are unavailable to listen to the live call, a replay will be available shortly after the call until March 26, 2021.

About NN, Inc.

NN, Inc., a diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has 32 facilities in North America, Europe, South America, and China.

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, and similar statements, are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of NN, Inc. and its subsidiaries to differ materially from those expressed or implied by this discussion. All forward-looking information is provided by the Company pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "assumptions", "target", "guidance", "outlook", "plans", "projection", "may", "will", "would", "expect", "intend", "estimate", "anticipate", "believe", "potential" or "continue" (or the negative or other derivatives of each of these terms) or similar terminology. Factors which could materially affect actual results include, but are not limited to: general economic conditions and economic conditions in the industrial sector, the impacts of the coronavirus (COVID-19) pandemic on the Company's financial condition, business operations and liquidity, inventory levels, regulatory compliance costs and the Company's ability to manage these costs, start-up costs for new operations, debt reduction, competitive influences, risks that current customers will commence or increase captive production, risks of capacity underutilization, quality issues, availability and price of raw materials, currency and other risks associated with international trade, the Company's dependence on certain major customers, and the successful implementation of the global growth plan including development of new products. Similarly, statements made herein and elsewhere regarding pending and completed transactions are also forward-looking statements, including statements relating to the future performance and prospects of an acquired business, the expected benefits of an acquisition on the Company's future business and operations and the ability of the Company to successfully integrate recently acquired businesses.

For additional information concerning such risk factors and cautionary statements, please see the section titled "Risk Factors" in the Company's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020. Except as required by law, we undertake no obligation to update or revise any forward-looking statements we make in our press releases, whether as a result of new information, future events or otherwise.

FOR FURTHER INFORMATION:

Jeff Tryka, CFA 
Investor Relations Contact
jtryka@lambert.com
(616) 258-5766  

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SOURCE NN, Inc.

FAQ

When will NN Inc. release its fourth quarter and full year 2020 financial results?

NN, Inc. will release its financial results on March 11, 2021, after market close.

What time is the earnings conference call for NN Inc.?

The earnings conference call will take place at 9 a.m. ET on March 12, 2021.

How can I access the earnings conference call for NN Inc.?

The conference call can be accessed through NN Inc.'s website.

What challenges is NN Inc. facing according to the press release?

NN Inc. faces risks from economic conditions and dependency on major customers, along with impacts from the COVID-19 pandemic.