Core Insights - NN, Inc. released its 2023 Sustainability Report, highlighting its commitment to sustainable business practices and transparency [1] - The report aligns with major sustainability frameworks such as SASB and TCFD, and incorporates UN Sustainable Development Goals [2] Company Overview - NN, Inc. is a global diversified industrial company specializing in high-precision components and assemblies, with a strong focus on engineering and materials science [3] - The company is headquartered in Charlotte, North Carolina, and operates facilities across North America, Europe, South America, and Asia [3] Investor Relations - For investor inquiries, contact Joseph Caminiti or Stephen Poe at NNBR@alpha-ir.com or call 312-445-2870 [4]

Core Viewpoint - NN, Inc. will present at the Sidoti Micro Cap Conference on January 23, 2025, highlighting its position as a global diversified industrial company specializing in high-precision components and assemblies [1][2]. Company Overview - NN, Inc. is a global diversified industrial company that combines advanced engineering and production capabilities with materials science expertise to manufacture high-precision components and assemblies for various markets [4]. - The company is headquartered in Charlotte, North Carolina, and operates facilities across North America, Europe, South America, and Asia [4]. Event Details - The presentation at the Sidoti Micro Cap Conference is scheduled to begin at 10:45 a.m. ET on January 23, 2025 [2]. - Investors can register to access the live webcast presentation, and all registrants will receive a link to the event [2]. - In addition to the webcast, executive management will conduct one-on-one and group meetings with registered investors and analysts [3].

Core Insights - NN, Inc. achieved new business wins of $73 million in 2024, bringing the two-year total to $136 million [1][5] - The company aims to grow sales to $600 million and achieve 13% adjusted EBITDA rates over the next five years [3][7] Business Performance - New business wins in 2024 exceeded the high end of the company's guidance range, with 2023 wins at $63 million and 2022 at $38.5 million [5] - The company has a new business pipeline of over $720 million, which has grown more than 40% compared to the previous year [4][5] Strategic Focus - Key focus areas for new business in 2024 included vehicle control, energy efficiency, electrical grid devices, and medical components [5] - The company plans to launch 80 new programs in 2025, with 70 already won, and has over 50 new business programs underway for Q1 2025 [6][5] Market Positioning - NN, Inc. is positioning itself as an elite supplier in targeted high-value markets, leveraging its unique capabilities and technical advantages [4][3] - The company has been recognized with the Cummins Innovation Award for its work on new products [5]

New ABL facility marks successful next step in Company’s balance sheet optimization strategyCHARLOTTE, N.C., Jan. 02, 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 has entered into an ABL Credit Agreement governing a new asset-backed senior secured revolving credit facility (the “ABL”). The new ABL Credit Agreement will provide NN Inc. with a $50 million revolving cre ...

CHARLOTTE, N.C., Nov. 02, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, announced today that Harold Bevis, President and Chief Executive Officer, and Chris Bohnert, Senior Vice President and Chief Financial Officer, will be presenting at the Gabelli Funds 48th Annual Automotive Symposium on November 4, 2024 in Las Vegas. The presentation will begin at 11:20 a.m. PT (2:20 p.m. ET) on Monday, ...

Exhibit 99.1 NN, Inc. 6210 Ardrey Kell Road, Suite 120 Charlotte, NC 28277 FOR IMMEDIATE RELEASE NN, INC. REPORTS THIRD QUARTER 2024 RESULTS Transformation agenda moving at a faster pace, with footprint changes and operating expense reductions; new business wins continue at a strong rate, expect 2025 year-over-year sales growth CHARLOTTE, N.C., October 30, 2024 – NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today r ...

CHARLOTTE, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported its financial results for the third quarter ended September 30, 2024. Highlights New business wins in the quarter were $15 million, bringing year-to-date and trailing-21-month totals to $49 million and $113 million, respectively; on pace with full-year guidance;Continuing to lower the cost structure of our ...

CHARLOTTE, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, announced today that it has rescheduled the release of its third quarter 2024 financial results for the period ended September 30th, 2024. The Company will now publish its third quarter earnings one day earlier than its previously scheduled release, after the close of the market on Wednesday, October 30th, 2024. The Comp ...

CHARLOTTE, N.C., Oct. 17, 2024 (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 third quarter 2024 financial results for the period ended September 30th, 2024, after the close of the market on Thursday, October 31st, 2024. The Company will hold a related conference call on Friday, November 1st, 2024, at 9:00 a.m. E.T. Participants on the call are asked to reg ...

Financial Data and Key Metrics - Net sales for Q2 2024 were $123 million, down 1.8% YoY due to unfavorable FX impacts and rationalization of low-margin business [12][13] - Adjusted EBITDA grew 28% YoY to $13.4 million, with a margin of 10.9%, up 250 basis points YoY [12][14] - Trailing 12-month adjusted EBITDA reached $49.2 million, up 29% YoY [12] - GAAP net loss per share improved to $0.12 from $0.38 YoY, while adjusted net loss per share was $0.02 [16] Business Line Performance - **Power Solutions**: Sales increased 4.3% YoY to $50.2 million, driven by pricing actions and inflation pass-throughs Adjusted EBITDA grew 46% YoY to $9.5 million, with margins improving from 13.5% to 18.8% [17][18] - **Mobile Solutions**: Sales declined 5.6% YoY to $72.9 million due to exiting unprofitable business and FX impacts Adjusted EBITDA increased to $8.2 million, up $0.7 million YoY [19][20] - **Medical Business**: Current revenue is $17 million, with a new target of $100 million in revenue, up from the initial $50 million goal [25][26] Market Performance - **Global Automotive**: Flat to modest growth expected, with demand rebalancing across BEV, hybrid, and ICE drivetrains [9] - **General Industrial**: Forecasted to grow 3%, with steady demand [9] - **Power Grid and Electrical Control**: Modest global growth expected, with steady demand in circuit breaker products [9] - **Commercial Vehicles**: Forecasted decline, but minimal impact due to exposure to unique applications [9] - **Medical Market**: Orthopedic sales expected to grow 3-4% YoY through 2026 [10] Strategic Direction and Industry Competition - The company is executing a transformation plan focused on operational improvements, cost reductions, and strategic growth in high-margin markets like medical, electrical, and high-end automotive [6][7] - NN is targeting new product development and innovation, particularly in medical, electrical, and automotive markets [7] - The company is expanding its medical business, with a focus on precision manufacturing and capacity expansion [25][26] Management Commentary on Operating Environment and Future Outlook - Management reaffirmed full-year 2024 guidance: net sales of $465-485 million, adjusted EBITDA of $47-51 million, free cash flow of $8-12 million, and new business wins of $55-70 million [28] - The company expects to benefit from healthy industrial, electrical, and medical end markets, despite variability in the global automotive market [8][9] - NN is focused on refinancing its debt to lower the cost of capital and support future growth [23] Other Key Information - The company has secured $34.3 million in new business awards year-to-date, with a pipeline of over $600 million [7] - NN has added new leadership, including a new CFO and General Counsel, to support its transformation and growth [11] - The company is investing in new equipment and capacity to support its medical business, with plans to expand capabilities and meet growing demand [26][27] Q&A Session Summary Question: Progress on fixing underperforming plants - Nine out of seven underperforming plants are now profitable, with all performing better than the prior year [31] - Revenue from these plants is expected to be slightly less than $100 million due to shedding unprofitable business [32] Question: Strength of the China joint venture - The JV is performing well, driven by a strong hybrid vehicle market and cost-out programs [33] - The outlook for the JV remains positive, with continued strength expected through 2024 [34] Question: Strategic refinancing details - The company expects to secure lower interest rates than the current 14% PIK rate, with a focus on reducing the cost of capital and potentially paying down preferred debt [35][36] Question: Pricing actions and impact - Pricing actions were minimal, with some contractual price reductions in the Mobile Solutions segment and inflation pass-throughs in the Power Solutions segment [41][42] Question: Medical business growth and CapEx needs - The company plans to invest in new equipment and capacity to support its medical business, with a goal of reaching $100 million in revenue over the next 2.5-3 years [45][46][49] Question: Progress on reducing legacy loss contracts - The company has made significant progress in reducing legacy loss contracts, with most underperforming business now at or near breakeven [50][51]