CHARLOTTE, N.C., Aug. 25, 2025 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced Mohamad Farhat has joined as its new Chief Technical Officer for its electrical, defense and medical businesses. In this position, Mr. Farhat will lead the technical engineering function for NN’s Power Solutions and Medical businesses, reporting to Tim French, Senior Vice President and Chief Operating Off ...

Summary of Lingyi (002600.SZ) Conference Call Company Overview - **Company**: Lingyi (002600.SZ) - **Industry**: Precision functional and structural components supplier, focusing on AI devices, foldable phones, robotics, and AR glasses components Key Points Financial Performance and Projections - **2Q25 Net Income Guidance**: Expected between Rmb335 million and Rmb575 million, representing a year-over-year growth of 48% to 154% driven by increased utilization of production sites for AI devices and improved profitability of overseas factories [1] - **Revenue Growth**: Anticipated revenue growth of 30% year-over-year in 2Q25, with new business revenues from AI devices projected to contribute 18% in 2025, increasing to 23% and 28% in 2026 and 2027 respectively [1][2] - **Earnings Revision**: Earnings for 2025-2027 revised up by 1% due to higher revenues from smartphone components, particularly foldable phone components [3] Revenue and Profitability Metrics - **Revenue Estimates**: - 2025E: Rmb55,527 million (up 0.3% from previous estimate) - 2026E: Rmb66,788 million (up 0.5%) - 2027E: Rmb80,325 million (up 0.4%) [4] - **Gross Profit (GP)**: Expected to increase to Rmb9,398 million in 2025E, with a gross margin of 16.9% [4] - **Net Income**: Projected net income of Rmb2,658 million in 2025E, with a net margin of 4.8% [4] Robotics Ecosystem Expansion - **Partnerships**: Collaboration with Joyton on smart cleaning and surveillance robots, enhancing manufacturing capabilities and reducing BOM costs [2] - **Market Position**: Lingyi serves leading global brands, showcasing its large-scale production capabilities and global service reach [2] Valuation and Price Target - **Target Price**: Increased to Rmb13.0, based on a target P/E multiple of 23.8x 2026E EPS, reflecting a positive correlation with peers' P/E and EPS growth [7] - **Current Trading**: Lingyi is currently trading at 21x 2026E P/E, considered attractive [7] Risks - **Market Risks**: Potential slower adoption of foldable phones and AI terminals, increased competition from suppliers, and a weak macroeconomic environment could impact demand [12] Additional Insights - **Production Sites**: Diversified production locations include India, Vietnam, Brazil, Turkey, Finland, and the US, contributing to operational flexibility and cost efficiency [1] - **Future Growth**: The company is well-positioned to capitalize on the ramp-up of AI devices, with expectations of significant revenue contributions from this segment in the coming years [1][2] This summary encapsulates the essential insights from the conference call regarding Lingyi's financial outlook, strategic initiatives, and market positioning.

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 ...

Company Announcement - NN, Inc. will release its second quarter 2025 financial results on August 6, 2025, after market close [1] - A conference call to discuss the results will take place on August 7, 2025, at 9:00 a.m. E.T. [1] - Participants are required to register five to ten minutes prior to the call [1] Webcast Information - The conference call will be webcast live through the NN, Inc. Investor Relations website [2] - Registration for the webcast is available on the company's Investor Relations section [2] - A replay of the call will be accessible on the website until August 8, 2026 [2] Company Overview - NN, Inc. is a global diversified industrial company specializing in high-precision components and assemblies [3] - The company combines advanced engineering and production capabilities with materials science expertise [3] - NN, Inc. is headquartered in Charlotte, North Carolina, with facilities across North America, Europe, South America, and Asia [3]

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].

Core Insights - Omni-Lite Industries Canada Inc. reported record bookings of US$5.7 million for the first quarter of fiscal 2025, leading to a backlog of US$7.1 million, the highest in the company's history [1][4] - The company completed the acquisition of Electric Components, Inc. (eComp) for US$350,000 in an all-cash transaction [1] Financial Performance - Revenue for the first quarter of fiscal 2025 was approximately US$3.3 million, showing strong organic growth in the fasteners business, despite a decline in the electronics segment [2] - Adjusted EBITDA for the quarter was approximately US$408,000, resulting in a margin of 12.3%, compared to a loss of US$83,000 in the previous quarter [2][7] - The company reported a net income of US$109,000, or US$0.01 per diluted share, with free cash flow of approximately US$341,000, an increase from US$112,000 in the same period last year [3][8] Bookings and Backlog - Bookings in the first quarter of fiscal 2025 were approximately US$5.7 million, a 55% increase compared to the first quarter of fiscal 2024, setting a company record [4] - The backlog at March 31, 2025, was approximately US$7.1 million, a 10% increase from US$6.5 million a year earlier and 55% above the backlog at December 31, 2024 [4] Management Commentary - The CEO of Omni-Lite highlighted that revenue and profitability were driven by strong performance in the fastener business, with expectations for notable contract wins in electronics components and contributions from the newly acquired eComp business [5]

Core Insights - NN, Inc. reaffirms its full-year adjusted EBITDA outlook for 2025 and sets a free cash flow guidance of $14-$16 million [1][15] - The company reported a net sales decrease of 12.8% year-over-year for Q1 2025, totaling $105.7 million, primarily due to business rationalization and unfavorable foreign exchange effects [5][6] - Adjusted EBITDA for Q1 2025 was $10.6 million, maintaining a margin of 10%, an increase from 9.3% in the prior year [5][8] Financial Performance - Q1 2025 net sales were $105.7 million, down from $121.2 million in Q1 2024, with pro forma net sales decreasing by 1.3% after adjustments [5][7] - The company reported a GAAP loss per share of $(0.23) compared to $(0.34) in Q1 2024, while adjusted net loss per share improved to $(0.03) from $(0.08) [9][33] - Free cash flow for Q1 2025 was a use of cash of $7.1 million, compared to a generation of cash of $0.3 million in the same period last year [9][34] Business Segments - Power Solutions segment net sales for Q1 2025 were $43.5 million, down from $48.2 million in Q1 2024, primarily due to the sale of Lubbock operations and lower volumes [10][11] - Mobile Solutions segment net sales decreased to $62.2 million from $73.1 million in Q1 2024, with losses from operations increasing to $2.7 million [12][13] Strategic Initiatives - The company secured $16.4 million in new business wins during the quarter, contributing to a robust commercial pipeline exceeding $740 million [4][21] - NN, Inc. aims for a $15 million cost reduction in 2025 as part of its operational efficiency initiatives [4][5] - The adjusted EBITDA margin target has been raised to 13-14% over the next five years [5][6] Outlook - For 2025, NN, Inc. expects net sales to range between $430 million and $460 million, with adjusted EBITDA projected between $53 million and $63 million [14][15] - The company anticipates that macroeconomic uncertainties will not significantly impact its operations, maintaining a positive outlook for organic growth and cash flow generation [4][15]