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NN(NNBR) - 2022 Q1 - Earnings Call Presentation
2022-05-06 17:31
| --- | --- | --- | |-------|-------|-------| | | | | | | | | Forward Looking Statement & Disclosures Except for specific historical information, many of the matters discussed in this presentation 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 th ...
NN(NNBR) - 2022 Q1 - Quarterly Report
2022-05-06 14:50
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 March 31, 2022 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 000-23486 NN, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delawa ...
NN(NNBR) - 2021 Q4 - Earnings Call Transcript
2022-03-11 18:47
Financial Data and Key Metrics Changes - Sales for Q4 2021 were $110.4 million, down 7.3% year-over-year, with a 1.8% increase in Power Solutions but a 12.6% decrease in Mobile Solutions due to supply chain challenges [24][25] - Non-GAAP adjusted EBITDA for Q4 was $12.1 million or 10.9% of sales, down from $16.8 million or 14.2% of sales a year ago [28] - GAAP EPS from continuing operations was a loss of $0.07 for Q4 2021, an improvement from a loss of $0.44 per share in Q4 2020 [29] - Full year sales increased 11.7% to $477.6 million, with GAAP operating loss improving to a loss of $9 million from a loss of $117.5 million in the prior year [31] Business Line Data and Key Metrics Changes - Mobile Solutions experienced a significant decline in sales due to the semiconductor chip shortage, impacting production volumes [44] - Power Solutions saw a year-over-year increase in sales driven by recovery in demand in the electrical market, despite reductions in automotive sales [46] Market Data and Key Metrics Changes - The global automotive industry faced a 14% decrease in light vehicle production in Q4 2021 compared to Q4 2020, primarily due to semiconductor shortages [40] - The LMC global production outlook for 2022 was revised upward to approximately 85.8 million units, indicating a recovery trend [41] Company Strategy and Development Direction - The company aims to grow its business around applications independent of internal combustion engines, focusing on electric vehicles and the expansion of the electrical grid [9] - A significant increase in the pipeline for Power Solutions (161% year-over-year) indicates a strategic shift towards larger, more consistent contracts [9][65] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain challenges and inflation pressures but expressed optimism about future growth driven by strategic initiatives and market recovery [17][39] - The company anticipates net sales to increase between 8% and 13% in 2022, with adjusted EBITDA expected to rise by 9% to 21% [48][49] Other Important Information - The company has taken steps to improve its operating margins and cash flow, including the closure of the Taunton facility, which is expected to yield annual savings of $5 million starting in 2023 [52] - The company plans to enhance investor communications and is developing its first corporate sustainability report [21][22] Q&A Session Summary Question: How much of the revenue guidance is in backlog or firm line of sight? - Management indicated that the revenue guidance is primarily based on awarded contracts and existing business, with macroeconomic conditions being a potential uncertainty [60][63] Question: What does the 161% increase in the power pipeline represent? - The increase reflects a combination of identified opportunities, customer requests for quotes, and actual quotes in the marketplace, indicating effective sales strategies [65] Question: How confident is the company in achieving better contribution margins? - Management expressed cautious optimism about achieving better margins due to successful negotiations for material cost pass-throughs and the potential for larger, more complex contracts [69][80] Question: How has visibility changed compared to the previous quarter? - Management noted that while there are still uncertainties, particularly regarding COVID-19 and geopolitical issues, overall visibility has improved compared to a year ago [86]
NN(NNBR) - 2021 Q4 - Annual Report
2022-03-11 16:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 000-23486 NN, Inc. (Exact name of registrant as specified in its charter) Delaware 62-1096725 (State or other jurisdiction of incorporation or organ ...
NN(NNBR) - 2021 Q4 - Earnings Call Presentation
2022-03-11 14:22
| --- | --- | --- | |-------|-------|-------| | | | | | | | | Forward Looking Statement & Disclosures Except for specific historical information, many of the matters discussed in this presentation 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 th ...
NN(NNBR) - 2021 Q3 - Earnings Call Presentation
2021-11-07 09:40
| --- | --- | |-------|-------| | | | | | | Forward Looking Statement & Disclosures Except for specific historical information, many of the matters discussed in this presentation 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 performan ...
NN(NNBR) - 2021 Q3 - Earnings Call Transcript
2021-11-05 18:30
NN, Inc. (NASDAQ:NNBR) Q3 2021 Earnings Conference Call November 5, 2021 9:00 AM ET Company Participants Jeff Tryka - Lambert Investor Relations, NNs Investor Relations Firm Warren Veltman - President & Chief Executive Officer Mike Felcher - Senior Vice President & Chief Financial Officer Conference Call Participants Rob Brown - Lake Street Capital Markets Steve Barger - KeyBanc Operator Good morning everyone, and welcome to NN Incorporated Third Quarter 2021 Conference Call. My name is Tom, and I will be y ...
NN(NNBR) - 2021 Q3 - Quarterly Report
2021-11-05 13:38
Table of Contents 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 September 30, 2021 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 000-23486 NN, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation o ...
NN Inc. (NNBR) Lake Street's 5th Annual Best Ideas Growth (BIG5) Conference Presentation - Slideshow
2021-09-16 20:22
| --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | | | | | | | 2021 Investor Update S E P T E M B E R 2 0 2 1 – L A K E S T R E E T ' S 5 T H A N N U A L B E S T I D E A S G R O W T H ( B I G 5 ) C O N F E R E N C E | | | Forward Looking Statement & Disclosures Forward Looking Statement: With the exception of the historical information contained in ...
NN(NNBR) - 2021 Q2 - Earnings Call Transcript
2021-08-08 15:59
NN, Inc. (NASDAQ:NNBR) Q2 2021 Earnings Conference Call August 6, 2021 9:00 AM ET Company Participants Mike Danehy ??? Director, Investor Relations and Financial Planning and Analysis Warren Veltman ??? President and Chief Executive Officer Mike Felcher ??? Senior Vice President and Chief Financial Officer Conference Call Participants Rob Brown ??? Lake Street Capital Markets Ken Newman ??? KeyBanc Capital Markets Operator Good day, and welcome to the NN, Inc. Second Quarter 2021 Earnings Conference Call. [ ...