NN, Inc. reports developments tied to its role as a global diversified industrial manufacturer of high-precision components and assemblies. The company engineers and manufactures parts for automotive, electric grid and data center equipment, general industrial, medical, aerospace and defense, and related end markets through Mobile Solutions and Power Solutions activities.
Recurring NNBR news includes quarterly operating results, adjusted EBITDA and sales guidance, new business awards, customer programs, and the company's shift toward higher-value applications such as electric grid equipment, data center infrastructure, liquid-cooling products, silver-plated busbars and terminals, and safety-critical auto parts. Updates also cover capital resources, equipment acquisitions, investor presentations, and end-market growth initiatives.
NN (NASDAQ: NNBR) redeemed all remaining Series D Perpetual Preferred Stock for approximately $30.7 million, eliminating the security from its balance sheet.
The redemption covered 18,400 shares and ended all associated holder rights. A $5.0 million incentive under a prior agreement with the sole holder reduced the security’s $35.7 million value to a $30.7 million redemption payment. Funding came from the $53.1 million private investment in public equity (PIPE) placement completed October 5, 2026.
NN plans to use the resulting capital flexibility to accelerate its business plans and intends to refinance its Term Loan at the right time. Updated guidance is scheduled for the October 29, 2026 earnings call.
NN (NASDAQ: NNBR) signed a private-placement agreement expected to generate approximately $50 million in net proceeds from 10 investors. Closing is expected on or about October 5, 2026, subject to customary conditions. NN will issue 16.1 million common shares or pre-funded warrants at $3.30 per share or $3.29 per warrant. Net proceeds reflect placement agent fees and offering expenses.
Most proceeds will redeem all remaining Series D Preferred Stock; the remainder will fund equipment and working capital for growth. NN reported Q3 2026 sales at their highest levels in eight years and approximately $130 million of annual new business secured over the last 12 months. It has won over 200 programs this year and is preparing a cable-assembly product line with a new plant startup in Mexico. The company also reported achieving cash-flow balance for ongoing debt servicing and lower leverage on a pro-forma basis.
NN (NNBR) raised its full-year 2026 guidance ranges for Net Sales and Adjusted EBITDA.
Updated 2026 Net Sales guidance is now $470 million–$490 million, up from $460 million–$480 million, with a midpoint of $480 million. Management states this midpoint is $58 million, or 14%, above full-year 2025 Net Sales. 2026 Adjusted EBITDA guidance is now $58 million–$68 million, increased from $55 million–$65 million, with a midpoint of $63 million, which management indicates is $14 million, or 29%, above 2025 Adjusted EBITDA.
For 2025, GAAP net loss was $34.0 million, while non-GAAP Adjusted EBITDA was $49.0 million after adding back taxes, interest, depreciation and amortization, and specified personnel and facility costs. Additional detail and updated guidance are expected with third quarter 2026 results on October 28, 2026.
NN (NNBR)/b) will participate in the 25th Annual D.A. Davidson Diversified Industrials & Services Investor Conference in Nashville on September 24, 2026.Chief Operating Officer Tim French and Chief Financial Officer Chris Bohnert will hold one-on-one investor meetings from 8:00 a.m. to 5:00 p.m. Central Time and discuss an updated business outlook. Investor materials will be available on the company’s investor relations website under the Events and Presentations section.
NN (NASDAQ: NNBR) reported Q2 2026 net sales of $128.7 million, up 19.3% year over year, driven by new business launches, higher volumes, precious metal pass-through pricing and favorable FX. Income from operations improved to $1.0 million from a $1.5 million loss, while GAAP net loss narrowed to $2.3 million from $8.1 million.
Adjusted results strengthened: adjusted EBITDA rose 36.1% to $17.9 million (13.9% margin), adjusted income from operations reached $8.5 million, and adjusted net income increased to $5.5 million or $0.11 per diluted share. Power Solutions net sales grew 39.5% to $62.3 million, while Mobile Solutions net sales increased 5.0% to $66.6 million but posted a $1.9 million operating loss.
According to NN, its 5 Pillar growth program delivered about $40 million in Q2 wins across Data Center, Medical and Defense, with a Data Center pipeline exceeding $50 million. Year-to-date, over 100 new programs valued at roughly $80 million per year were awarded. The company raised 2026 guidance to net sales of $460–$470 million, adjusted EBITDA of $55–$65 million, and new business wins of $80–$100 million. NN also stated it completed a refinancing of preferred stock put in place over five years ago, including paying off approximately $89 million of that preferred stock and adding new institutional investors.
NN (NASDAQ: NNBR) announced a negotiated refinancing and deleveraging transaction involving its $124 million Series D preferred stock held by funds managed by Morgan Stanley Tactical Value. The 3-part deal uses equity and refinancing to reduce preferred obligations and adjust the capital structure.
NN has redeemed $70 million of preferred using cash from a previously announced $75 million PIPE common stock financing completed in July 2026, and exchanged approximately $19 million of preferred into common stock under an agreement with Morgan Stanley Tactical Value. The remaining $35 million of preferred has been refinanced at a 10% interest rate for one year, with a potential $5 million discount if fully redeemed by December 31, 2026. According to NN, this materially reduces about $89 million of preferred stock, strengthens the balance sheet and supports a more favorable outlook for refinancing its secured term loan debt at a lower cost of capital.
NN (NASDAQ: NNBR) will release its second quarter 2026 financial results for the period ended June 30, 2026, after market close on Wednesday, August 5, 2026. A related earnings conference call will be held on Thursday, August 6, 2026 at 9:00 a.m. ET.
Participants may join by dialing +1 833-461-5787 (domestic) or +1 585-542-9983 (international) and entering Conference ID 186058461, or via live webcast through the Investor Relations section of the company’s website. A replay will be available on the website through August 6, 2027.
NN (NASDAQ: NNBR) announced entry into the U.S. Tier 1 contract manufacturing market for firearm components, supported by turnkey manufacturing, collaborative product development, additive manufacturing, high-volume titanium machining, laser welding, and advanced surface treatments. NN has signed a contract manufacturing agreement to mass-produce completed firearms products for a leading U.S. firearms provider.
The new firearms business, part of NN’s Defense & Electronics growth program, will begin in Q3 and ramp through 2028, and is expected to add $12–$15 million in sales. Including these awards, NN has secured 20+ new programs worth >$30–$35 million per year over the last three years and reports a $75 million opportunity pipeline in Defense & Electronics. The Defense & Electronics business is nearly $60 million in sales with a five-year goal of $100 million. NN now operates 8 ITAR-compliant plants and is adding ATF, FFL, CMMC Tier 2, and TISAX Tier 2 credentials. Individual firearms products in this program are priced at $200–$500 each. Management plans to consider this win when updating 2026 guidance with Q2 2026 earnings on August 6.
NN (NASDAQ: NNBR) reported a breakthrough in its Medical Products business by becoming a qualified supplier and receiving initial purchase orders for components used in a leading robotic-assisted surgery platform.
According to NN, its medical new business pipeline increased by about $25 million to roughly $75 million, within a corporate new business pipeline of over $750 million.
NN (NASDAQ: NNBR) entered a securities purchase agreement for a $75.0 million PIPE private placement, expected to close on or about July 2, 2026, subject to customary conditions.
NN will issue 24,509,804 common shares at $3.06 per share and plans to use net proceeds for working capital and general corporate purposes, including potential balance sheet optimization. The securities are unregistered under the Securities Act, and NN agreed to file an SEC registration statement to register resale of the shares.