NN, Inc. Provides Mid-Quarter Business Update

Core Insights - NN, Inc. forecasts profitable sales growth and adjusted EBITDA growth in 2026, driven by strategic processes aimed at unlocking shareholder value [1][2][7] Financial Performance - Adjusted EBITDA for full year 2025 is expected to reach an annual record, marking a third consecutive year of growth in both dollar amount and as a percentage of sales [6] - Q4 2025 adjusted EBITDA and adjusted gross margins are projected to meet NN's five-year goals of 14% and 20%, respectively, more than two years ahead of schedule [6] - The company anticipates a year-over-year sales growth inflection for full-year 2026, with net sales growth expected in each fiscal quarter [6] Strategic Initiatives - NN is executing a focused set of strategic priorities to strengthen its balance sheet and enhance long-term competitiveness [6][7] - The company is progressing with a preferred equity refinancing initiative and plans to engage with the market soon [7] - NN has a successful M&A program in 2025, with several opportunities under evaluation, including transformational acquisitions to accelerate growth [6][7] Commercial Developments - NN's new business wins for full-year 2025 are expected to meet original guidance, contributing to solid year-over-year net sales growth and margin expansion [6] - The company has its largest sales growth team and opportunity pipeline, with over 800 new programs valued at more than $800 million annually [6] - NN maintains a hit rate of over 20% on closed opportunities, indicating strong commercial execution [6]