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.
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) has successfully completed a two-step debt refinancing initiative. The first step, previously announced in January 2025, involves a $65 million ABL facility with PNC Bank featuring a five-year maturity to 2030, improved collateral, and a $15 million capex line at slightly lower rates. The second step introduces a new partnership with Marathon Asset Management, providing a $118 million term loan facility extending to 2030 with improved leverage covenants and a $10 million add-on feature.
The company's transformation goals include:
- Organic growth leveraging $340 million installed asset base
- Systematic cost reduction through unified operations
- Strategic M&A opportunities for expansion
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.