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NN(NNBR) - 2025 Q2 - Earnings Call Transcript
2025-08-07 14:00
NN (NNBR) Q2 2025 Earnings Call August 07, 2025 09:00 AM ET Speaker0Welcome to the NN Inc. Second Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. I would now like to turn the call over to your host, Stephen Investor Relations.You may begin, sir.Speaker1Thank you, operator. Good morning, everyone, and thanks for joining us. I'm Stephen Poe with NN Inc. Investor Relations and I'd like to thank you for att ...
NN(NNBR) - 2025 Q2 - Earnings Call Presentation
2025-08-07 13:00
Pewter Orange Green Forward Looking Statements & Disclosures 2025 Q2 Earnings Presentation August 7, 2025 NN Blue Dark Charcoal Platinum This presentation contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the full year of fiscal 2025, the impact of, and our ability to execute, our corporate strategies and business initiatives and the potential impact tariffs, high intere ...
NN(NNBR) - 2025 Q2 - Quarterly Results
2025-08-06 23:23
Exhibit 99.1 NN, Inc. 6210 Ardrey Kell Road, Suite 120 Charlotte, NC 28277 FOR IMMEDIATE RELEASE NN, INC. REPORTS SECOND QUARTER 2025 RESULTS Improvement in Operating Income, Adjusted EBITDA, and New Business Program Company Reiterates Full Year 2025 Guidance • Net sales of $107.9 million, down 2.4% on a pro forma basis • Gross margin of 16.9%, and adjusted gross margin of 19.5% • Operating loss of $1.5 million and adjusted operating income of $4.9 million, an increase of $2.8 million • Adjusted EBITDA of $ ...
NN, Inc. Reports Second Quarter 2025 Results
Globenewswire· 2025-08-06 22:45
Improvement in Operating Income, Adjusted EBITDA, and New Business Program Company Reiterates Full Year 2025 Guidance CHARLOTTE, N.C., Aug. 06, 2025 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR) (“NN” or the “Company”), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported results for the second quarter ended June 30, 2025. Second Quarter Highlights: (results from continuing operations compared with prior year, where comparisons are n ...
NN(NNBR) - 2025 Q2 - Quarterly Report
2025-08-06 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39268 NN, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delawar ...
NN, Inc. to Hold Second Quarter 2025 Earnings Conference Call on Thursday, August 7, 2025
Globenewswire· 2025-07-24 20:05
CHARLOTTE, N.C., July 24, 2025 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, announced today that it will release its second quarter 2025 financial results for the period ended June 30th, 2025, after the close of the market on Wednesday, August 6th, 2025. The Company will hold a related conference call on Thursday, August 7th, 2025, at 9:00 a.m. E.T. Participants on the call are asked to register ...
NN, Inc. Appoints Tim Erro as New Chief Commercial Officer, Expands New Business Program
Globenewswire· 2025-07-22 21:45
Core Insights - NN, Inc. has appointed Timothy Erro as the new Vice President and Chief Commercial Officer to lead its global commercial team [1][3] - The company is expanding its new business program due to early successes, with a commitment to increase its overall new business objectives [2][4] Business Performance - NN has achieved approximately $160 million in new business wins since launching its initiative in 2023, primarily in traditional markets and emerging success in electrical and medical end markets [4] - The new business pipeline is robust, exceeding $700 million across all products and targeted growth areas [4] Strategic Goals - The company aims to increase targets and pace for new wins, particularly in electrical and medical markets, and set higher annual award goals [4] - NN plans to strategically expand its product offerings and solutions [4] Leadership Background - Timothy Erro brings over 30 years of experience in electrical and electronic products, having led successful global programs in previous roles [3][6] - Prior to joining NN, Erro held significant positions at Commercial Vehicle Group, Inc., Aptiv, Leoni Wiring Systems, General Motors, and United Technologies Automotive [6] Market Focus - NN is focusing on various markets including on-road commercial vehicles, aerospace and defense platforms, automotive, and medical products [5][6]
NN (NNBR) Conference Transcript
2025-06-05 20:30
NN (NNBR) Conference June 05, 2025 03:30 PM ET Speaker0 Afternoon, and welcome to the Noble Capital Markets Virtual Equity Conference. I am Joe Gomes, managing director and senior analyst at Noble Capital. Today, I have the pleasure of introducing NN Inc. Following the presentation, we'll have some time for q and a. NN is a precision component manufacturer with extensive experience in machining, stamping, and precious metal plating. With us today from the company is Harold Beavis, president and CEO Chris Bo ...
NN (NNBR) Earnings Call Presentation
2025-06-05 19:08
Financial Performance & Outlook - NN achieved net sales of $449 million and an adjusted EBITDA of $48 million, resulting in an adjusted EBITDA margin of 10.6%[9] - The company's 2025 outlook includes net sales between $430 million and $460 million, and adjusted EBITDA between $53 million and $63 million[35] - NN China's sales are $75 million with >20% EBITDA margins, while NN's China JV sales are ~$125 million with >25% EBITDA margins[34] Business Segments & Strategy - Auto sector accounts for 48% of NN's FY2024 net sales, while Industrial, Electrical, and Other sectors account for 25%, 17%, and 10% respectively[11] - NN has secured ~$160 million in new business wins in the first 2 years, with $25.6 million YTD as of May 2025[12] - The company is targeting $65 million in new wins per year as part of its new wins program[31] - NN's prospecting pipeline is approaching 2x the company's size, indicating significant potential for new wins[7] Global Operations - NN has a global manufacturing platform with 24 facilities in 6 countries and a 49% ownership in a China Joint Venture machining plant with more than $120 million in sales annually[12] - Approximately 65% of NN's revenue comes from North America, 10% from South America, 10% from Europe, and 15% from Asia[14] - NN's China operations have won >$50 million in new business and are on track to double in size[34] Growth Initiatives - NN is targeting organic sales growth to $600 million, or $650 million with M&A, by 2028[38] - The company plans to launch 120 programs in 2025 with $55 million in peak annual sales value[38] - NN is pursuing a sales growth & pivot program with a $740+ million overall pipeline[31]
NN, Inc. Executive Management to Present at the Noble Capital Markets Emerging Growth Equity Conference
GlobeNewswire News Room· 2025-06-03 12:00
Core Viewpoint - NN, Inc. will present at the Noble Capital Markets Emerging Growth Equity Conference on June 5, 2025, highlighting its position as a global diversified industrial company specializing in high-precision components and assemblies [1][2]. Group 1: Presentation Details - The presentation is scheduled to begin at 3:30 p.m. ET on June 5, 2025, and will be accessible via a webcast for registered investors [2]. - Registrants will receive a link to the live event upon registration, and additional materials will be available on the company's investor section of its website [2]. Group 2: Management Engagement - Executive management will conduct one-on-one and group meetings with investors and analysts who have registered for the conference, providing further engagement opportunities [3]. Group 3: Company Overview - NN, Inc. is headquartered in Charlotte, North Carolina, and operates globally with facilities in North America, Europe, South America, and Asia, focusing on advanced engineering and materials science to manufacture high-precision components [4].