CHARLOTTE, N.C., March 27, 2026 (GLOBE NEWSWIRE) -- NN, Inc. (“NN” or the “Company”) (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies with six sigma quality today announced that it has acquired the large-scale automated plating operations from a leading global provider of electrical infrastructure solutions. This seller is an existing customer which is moving from in-house manufacturing to outsourced operations with this decisio ...

Core Insights - NN, Inc. is expanding its presence in the data center market, particularly focusing on liquid-cooled computing systems, which aligns with the growing demand for AI infrastructure [1][2][3] Group 1: Market Opportunities - NN has secured multiple awards with a leading global provider of AI infrastructure, specifically for liquid cooling positions on AI reasoning racks [2][3] - The AI data center market is identified as a multi-billion dollar opportunity that is rapidly scaling, driven by the increasing use of AI and cloud computing [3] - The company aims to achieve $70 to $80 million in new business during 2026, supported by these recent wins [3] Group 2: Technological Capabilities - NN's existing liquid management products meet the stringent requirements of AI data center and cloud customers, showcasing the company's expertise in fluid management [2][3] - The company has a long history of delivering six sigma quality components, which positions it well to meet the demands of the liquid-cooled data center market [2][3] - NN is investing in 17 next-generation high-speed CNC machines to enhance its production capabilities, which will be operational throughout 2026 [3] Group 3: Strategic Direction - The company is intentionally shifting its business focus towards non-automotive, higher-growth, and higher-margin markets, including data centers and electric vehicle recharging solutions [3] - NN's reputation for reliability and precision in manufacturing is expected to attract more clients in the AI infrastructure sector [3][4] - The company is actively prospecting with other AI reasoning and data center equipment providers to further expand its market reach [3]

Core Insights - Broadwind, Inc. is undergoing a strategic realignment and operational recovery, focusing on optimizing its asset base and enhancing manufacturing capabilities [2][4]. Group 1: Financial Performance and Guidance - The company reported a 20% year-over-year decline in Heavy Fabrication orders following the sale of the Manitowoc facility, but this has improved overall capacity utilization at the Abilene site [4]. - For full-year 2026, revenue is projected to be between $140 million and $150 million, with adjusted EBITDA expected to be between $8 million and $10 million [5]. - The company anticipates a 'super cycle' in power generation and grid infrastructure lasting at least ten years, particularly for turbines under 100 megawatts [5]. Group 2: Strategic Actions and Market Dynamics - Broadwind divested its Wisconsin industrial fabrication operations to optimize its asset base, reduce overhead, and increase balance sheet optionality for higher-value opportunities [4][5]. - The company has shifted its strategic focus toward precision manufacturing for power generation, specifically targeting data center demand and natural gas turbine verticals [5]. - There is a record backlog in Industrial Solutions for the fifth consecutive quarter, driven by global demand for distributed power and grid redundancy [5]. Group 3: Operational Improvements and Challenges - The company faced margin pressure in Q4 due to a raw material supply disruption in Heavy Fabrications, which was attributed to a customer's directed-buy program [5]. - Corrective actions have been implemented by onboarding an alternative supplier to normalize operations and minimize further impact in 2026 [5]. - The Gearing segment is expected to achieve double-digit revenue growth in 2026 as it executes on a backlog that has doubled since the start of 2025 [5]. Group 4: Industry Trends and Customer Insights - Oil and gas have been identified as a resurgent vertical, with customers increasing domestic orders to hedge against potential overseas supply disruptions [7]. - The company initiated an ISO 45001 occupational health and safety program to complement existing aerospace and quality certifications [7]. - While Q4 EBITDA declined due to temporary inefficiencies, operating leverage is expected to improve as volumes recover in 2026 [7].

Financial Data and Key Metrics Changes - Fourth quarter consolidated revenues were $37.7 million, representing a 12% increase year-over-year, primarily driven by the Industrial Solutions segment, which saw a 60% revenue increase [11] - Adjusted EBITDA declined to $1.9 million from $2.1 million in the prior year, mainly due to lower capacity utilization in the Gearing segment and operational inefficiencies related to raw material supply issues [11][12] - The company ended 2025 with approximately $26 million in backlog, a level not reached since 2023 [15] Business Line Data and Key Metrics Changes - Gearing segment orders increased by 38% year-over-year to nearly $9.7 million, driven by strength in power generation and oil and gas [5][14] - Industrial Solutions segment revenue grew 60% year-over-year to $9.4 million, reflecting strong demand in natural gas turbine equipment [9][17] - Heavy Fabrications segment revenue grew by 6% year-over-year to $21.6 million, primarily due to increased sales of wind towers and repowering adapters [8][13] Market Data and Key Metrics Changes - Demand conditions were strong across Gearing and Industrial Solutions segments, with robust project activity noted [5] - The backlog for Industrial Solutions reached a record $38.1 million, indicating strong future demand [16] - The company anticipates continued domestic onshore wind tower activity through 2026 and into 2027 [23] Company Strategy and Development Direction - The company is focusing on stable, growing power generation markets, emphasizing oil and gas, renewables, and potentially nuclear [19] - Strategic actions include divesting non-core operations to optimize asset base and redeploy capital towards higher value opportunities [4][10] - The company aims to expand capabilities in precision manufacturing and is actively pursuing M&A opportunities in power generation and critical infrastructure [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit growth in the Gearing segment, supported by a strong backlog [30] - The company expects to maintain a revenue growth rate of around 20% year-over-year, driven by favorable market conditions and strong demand in key segments [55] - Management highlighted the importance of domestic manufacturing as a competitive advantage in the current trade policy environment [10][24] Other Important Information - The company is implementing an ISO 45001 Occupational Health and Safety Readiness Program to enhance its safety standards [24] - The company has made significant investments in equipment and staffing to double capacity in the Industrial Solutions segment [8][45] Q&A Session Summary Question: Can you discuss the Gearing segment's growth expectations for 2026? - Management expects significant growth in the Gearing segment, with double-digit growth anticipated due to a strong backlog [30][31] Question: What steps are being taken to improve throughput in the Gearing segment? - Management indicated that execution is key, with a ramp-up expected in Q1 and steady revenue anticipated throughout the year [33] Question: What is the capacity outlook for the Industrial Solutions segment? - Management stated that the existing facility could potentially support revenue in the $70 million range, with strong demand expected through 2030 [45][46] Question: How is the Heavy Fabrications segment performing in terms of backlog and demand? - Management noted good visibility for tower production into Q3 2026, with consistent demand expected [48][49] Question: Are there any new opportunities in the oil and gas sector due to recent market volatility? - Management reported increased inquiries and substantive orders from multiple customers in the oil and gas space [57]

Core Viewpoint - Broadwind reported its fourth quarter and full-year 2025 financial results, highlighting strong demand in its Gearing and Industrial Solutions segments, despite facing challenges in the Heavy Fabrications segment due to supply disruptions [2][3]. Financial Performance - Fourth quarter 2025 total revenue was $37.7 million, representing a 12.4% increase year-over-year [3][6]. - The company reported a net loss of $0.9 million, or $0.04 per share, consistent with the fourth quarter of 2024 [3][6]. - Full-year 2025 total revenue reached $158.1 million, up 10.4% from 2024 [3][6]. - Adjusted EBITDA for the fourth quarter was $1.9 million, or 5.0% of total revenue [3][4]. Segment Performance - Heavy Fabrications segment sales increased by 6% to $21.6 million, driven by demand for wind tower sections [10][33]. - Gearing segment sales declined by 8% to $7.0 million, primarily due to reduced demand from most markets, although there was increased demand from power generation and oil & gas [12][33]. - Industrial Solutions segment sales surged by 60% to $9.4 million, largely due to strong demand for natural gas turbine content [14][33]. Orders and Backlog - Total orders increased by 3% in the fourth quarter, with a notable 38% year-over-year growth in the Gearing and Industrial Solutions segments [7][33]. - The backlog in the Industrial Solutions segment reached a record $38.1 million during the fourth quarter [7]. Management Commentary - The CEO emphasized the company's strategic divestiture of industrial fabrication operations, which is expected to enhance capital allocation towards higher-value growth opportunities [2]. - The company enters 2026 with nearly $25 million in cash and liquidity, maintaining a net debt to trailing twelve-month adjusted EBITDA ratio of 1.6x [2][8]. Financial Guidance - Broadwind reaffirmed its financial guidance for full-year 2026, projecting total revenue between $140 million and $150 million and non-GAAP adjusted EBITDA between $8 million and $10 million [15][16].

Summary of Lingyi (002600.SZ) Conference Call Company Overview - **Company**: Lingyi (002600.SZ) - **Industry**: Robotics and Precision Manufacturing Key Highlights 1. **Showcasing at MWC 2026**: Lingyi attended the Mobile World Congress in Barcelona, showcasing its humanoid robot and total solution for embodied intelligence, including components and assembly [1][7] 2. **Precision Manufacturing Capabilities**: The company highlighted its expertise in precision manufacturing, utilizing technologies such as CNC precision machining, 3D printing, die casting, and metal injection molding (MIM) [1][7] 3. **Product Innovations**: Lingyi's Harmonic Gear Drive and Planetary Roller Screw are key components in their robots, noted for their small size and high precision, with error rates below 0.003mm [1][7] 4. **Strategic Partnership with AgiBot**: A strategic partnership was formed with AgiBot in 2023, leading to a joint venture in 2025, focusing on humanoid robot design and manufacturing [1][8] 5. **Production Sites**: Lingyi has established production sites in Dongguan, Zhengzhou, and Chengdu to support the manufacturing of robotic components [1][8] 6. **Revenue Growth Expectations**: The company anticipates strong order momentum in 2026, driven by product line expansion into AI server components and innovative businesses like humanoid robots and AI glasses [1][9] 7. **Financial Projections**: - **2024 Revenue**: Expected to reach Rmb 44.2 billion, with a growth rate of 30% YoY - **2025 Revenue**: Projected at Rmb 52.8 billion, continuing the growth trend [10] - **2026 Revenue**: Forecasted to be Rmb 70.2 billion, indicating a 33% increase from 2025 [10] 8. **Valuation**: The target price is maintained at Rmb 22.6, based on a target P/E of 38.8x for 2026E EPS [9][12] 9. **Market Capitalization**: The company has a market cap of Rmb 99.5 billion (approximately $14.5 billion) [12] Risks and Challenges 1. **Market Penetration**: Slower-than-expected penetration of foldable phones and AI terminals could impact growth [11] 2. **Competition**: Potential competition from more suppliers in the robotics and precision manufacturing sectors [11] 3. **Macroeconomic Factors**: A weak macroeconomic environment may continue to drag market demand [11] Conclusion Lingyi is positioned for significant growth in the robotics and precision manufacturing sectors, supported by strategic partnerships and innovative product offerings. However, potential risks related to market dynamics and competition should be monitored closely. The company maintains a positive outlook with a strong revenue growth trajectory projected for the coming years.

Core Viewpoint - The news highlights the proactive measures taken by the State Grid Jining Power Supply Company to support the rapid recovery and growth of various industries in Jining, emphasizing the importance of reliable electricity supply in driving economic development and enhancing productivity across sectors. Group 1: Industrial Recovery and Growth - Jining is focusing on the "one trillion, five-fold increase" goal set by local government, with the power supply as a core element to support the development of key industries like new energy and high-end equipment [1] - The flexible collaborative robots in the Luoshi Robot Industrial Park are operating at full capacity, with a 40% increase in electricity consumption compared to the previous year due to a surge in orders [2] - The Ningde Times new energy battery project is a key part of Jining's 200 billion yuan new energy industry cluster, with the power company providing tailored support to ensure stable operations and rapid production [3] Group 2: Power Supply and Efficiency - The State Grid Jining Power Supply Company is implementing "electricity equipment health checks" and energy efficiency diagnostics to help companies reduce costs and improve efficiency [4] - In the Xihu Precision Company, there has been a 55% increase in orders post-holiday, with daily electricity consumption rising by 42%, showcasing the demand for precision manufacturing [4] - The company has established a dedicated power service team to monitor and optimize electricity supply for precision processing, ensuring stable operations [4] Group 3: Support for New Energy Logistics - The logistics sector is experiencing a revival with the resumption of new energy heavy-duty trucks, leading to a significant increase in electricity demand at charging stations, from 7,980 kWh to 24,190 kWh [5] - The power company has initiated a special power supply plan to ensure the safe and efficient operation of charging facilities, supporting the smooth flow of goods and economic activity [5] Group 4: Agricultural Development and Rural Revitalization - The agricultural sector is also benefiting from reliable electricity supply, with smart greenhouse technologies enhancing the production of seasonal fruits in Qufu City [7] - The power company is actively engaging with agricultural producers to ensure stable electricity supply for temperature control and irrigation systems, which are critical for crop quality [7] - The proactive service approach by the power company is fostering confidence among farmers, contributing to rural revitalization and income generation [7]

Core Viewpoint - NN, Inc. is set to release its fourth quarter and full year 2025 financial results on March 4, 2026, after market close, followed by a conference call on March 5, 2026, at 9:00 a.m. E.T. [1] Financial Results Announcement - The financial results will cover the period ended December 31, 2025 [1] - A conference call will be held the day after the results are released, allowing for direct engagement with stakeholders [1] Conference Call Details - Participants are required to register five to ten minutes prior to the call by dialing the provided numbers [1] - The conference call will be webcast live on the NN, Inc. Investor Relations website, allowing broader participation [2] - A replay of the call will be available on the company's website until March 12, 2027, for those unable to attend live [2] Company Overview - NN, Inc. is a global diversified industrial company specializing in high-precision components and assemblies, leveraging advanced engineering and materials science [3] - The company is headquartered in Charlotte, North Carolina, with facilities across North America, Europe, South America, and Asia [3]

Financial Data and Key Metrics Changes - For the third quarter of fiscal 2026, consolidated revenue decreased by 7% to $7.1 million compared to $7.6 million in the same period a year ago [3][7] - Consolidated gross profit totaled $0.4 million, a decrease of $0.6 million from the third quarter of fiscal 2025 [4][7] - The net loss for the third quarter was $1.5 million, or $0.15 per share, reflecting ongoing challenges [8] Business Line Data and Key Metrics Changes - Stadco's revenue for the third quarter was $2.9 million, with an operating loss of $1.2 million, which is $0.6 million higher than the previous year [3][4] - Ranor's revenue was $4.4 million, with an operating profit of $1.5 million, consistent with the prior year [4][10] - Stadco experienced a decline in gross margin due to lower revenue and higher provisions for contract losses [11] Market Data and Key Metrics Changes - The company reported a strong backlog of $46 million, which includes only the funded portions of customer purchase orders [5][6] - The total funded grant money from U.S. Navy submarine programs-related customers exceeded $24 million, representing over 50% of TechPrecision's market cap of $45.5 million [5][13] Company Strategy and Development Direction - The company aims to secure and maintain enduring partnerships with customers, particularly in the defense sector [12][13] - There is a focus on eliminating one-time projects and moving towards repeat orders to enhance scalability and profitability [58][59] - The management is actively working to improve customer relationships and pricing strategies to ensure profitability [26][48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unexpected challenges faced in the third quarter, particularly with customer delays and unfavorable project mixes [3][28] - There is optimism about future revenue growth and profitability, with plans to address legacy contracts and improve operational efficiency [13][36] - The management expressed a commitment to mitigating risks and enhancing customer partnerships for long-term success [37][59] Other Important Information - The company continues to manage cash flow actively, with net cash provided by operating and investing activities totaling $0.6 million for the nine months ended December 31, 2025 [9][10] - Total debt decreased to $6.7 million as of December 31, 2025, down from $7.4 million on March 31, 2025 [10] Q&A Session Summary Question: Concerns about legacy contracts at Stadco - Management is working to quantify the remaining legacy contracts and their impact on future earnings, acknowledging the challenges faced [18][21] Question: Strategy to drive revenue growth - The company is focusing on securing better-priced contracts and working closely with key customers like Sikorsky to improve profitability [26][27] Question: Product mix issues and customer relationships - The product mix issue is primarily related to Stadco, with delays in customer-furnished materials affecting profitability [42][43] - Management is aware of the need to select customers that allow for profitable operations and is working on strengthening contractual protections [46][51]

Financial Data and Key Metrics Changes - For the third quarter of fiscal 2026, consolidated revenue decreased by 7% to $7.1 million compared to $7.6 million in the same period of fiscal 2025 [3][4][7] - Consolidated gross profit totaled $0.4 million, a decrease of $0.6 million from the third quarter of fiscal 2025 [4][8] - The net loss for the third quarter was $1.5 million, or $0.15 per share, compared to a net loss of $1.2 million, or $0.13 per share, for the same period last year [8][9] Business Line Data and Key Metrics Changes - Stadco's revenue for the third quarter was $2.9 million, with an operating loss of $1.2 million, which is $0.6 million higher than the previous year [3][4] - Ranor's revenue was $4.4 million, with an operating profit of $1.5 million, consistent with the prior year [4][10] - Stadco experienced a year-over-year gross margin decline due to lower revenue and higher provisions for contract losses [11] Market Data and Key Metrics Changes - The company reported a strong backlog of $46 million, which includes only the funded portions of customer purchase orders [6][14] - The total funded grant money from U.S. Navy submarine programs-related customers exceeded $24 million, representing more than 50% of TechPrecision's market cap of $45.5 million [5][14] Company Strategy and Development Direction - The company aims to secure and maintain enduring partnerships with customers, focusing on the defense sector, particularly naval submarine manufacturing and military aircraft manufacturing [12][14] - There is a strategic emphasis on moving away from one-time projects to repeat orders that can provide more stable revenue streams [58][59] - The management is actively working to improve customer relationships and pricing strategies to enhance profitability [26][48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges due to delays in receiving customer-furnished materials and unfavorable project mixes impacting Stadco's performance [3][4][41] - The management expressed optimism about future revenue growth and profitability, citing ongoing efforts to address legacy contracts and improve operational efficiency [14][36][59] - There is a recognition of the need to eliminate risks and strengthen contractual protections with customers to ensure better financial outcomes [51][52] Other Important Information - The company continues to manage cash flow actively, with net cash provided by operating and investing activities totaling $0.6 million for the nine months ended December 31, 2025 [9][10] - Total debt decreased to $6.7 million as of December 31, 2025, down from $7.4 million on March 31, 2025 [10] Q&A Session Summary Question: How much more in the way of bad contracts does the company have left to work through at Stadco? - Management indicated that they are working to quantify the remaining legacy contracts and are collaborating to capture all expected losses [19][21][23] Question: What is the growth plan to drive revenue beyond the current range? - Management stated that they are filling the backlog with new business that is priced better and are working closely with major customers like Sikorsky to improve profitability [26][27][28] Question: How does the company address scalability given the specialized nature of its operations? - Management explained that scalability is achieved by focusing on repeat orders and eliminating one-time projects, which allows for refining processes and improving efficiency [58][59]