---
schema_version: "secwatch.filing_event.v1"
accession: "0000918541-22-000119"
form_type: "8-K"
ticker: "NNBR"
cik: "0000918541"
company_name: "NN INC"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T21:01:39.300977+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NN Inc. Q3: sales $127.3M (+8.6%), adj. EBITDA $11.8M; CEO to retire

## Summary
- Q3 net sales $127.3M (+8.6% YoY); net loss $2.2M vs $3.4M prior year.
- Adjusted EBITDA $11.8M (9.3% sales) vs $9.7M (8.3%) prior year; adj. EPS $0.03 vs $0.01.
- FY2022 guidance: revenue $503-510M, adj. EBITDA $45-48M, free cash flow -$12M to -$9M.
- Power Solutions adj. op. income $5.8M (+45%); Mobile Solutions $0.7M (down from $1.0M).
- CEO Warren Veltman and EVP John Buchan to retire by March 31, 2023; Korn Ferry conducting CEO search; interim COOs named.

## SEC filing metadata
- accession: 0000918541-22-000119
- form_type: 8-K
- ticker: NNBR
- cik: 0000918541
- company_name: NN INC
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918541/000091854122000119/0000918541-22-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918541/000091854122000119/nnbr-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000918541-22-000119
- JSON: https://secwatch.observer/filing/0000918541-22-000119.json
- Plain text: https://secwatch.observer/filing/0000918541-22-000119.txt

## Key facts
- Earnings Releases
  NN INC reported third quarter ended September 30, 2022 results: revenue $127.3 million, net income $1.5 million, EPS $0.03 per diluted share.
  - Period: third quarter ended September 30, 2022
  - Revenue: $127.3 million
  - Net income: $1.5 million
  - EPS: $0.03 per diluted share
  - Result: reported results
  source text: Net sales were $127.3 million, an increase of 8.6% from the third quarter of 2021, primarily due to increased pricing and improved demand in Mobile Solutions, partially offset by unfavorable foreign exchange effects. Loss from operations was $2.1 million compared to loss from operations of $4.6 million in the third quarter of 2021. The reduction in loss from operations was primarily driven by an increase in sales and lower incentive and stock-based compensation expenses. Income from operations for the Power Solutions segment was $2.6 million compared to $1.3 million for the same period in 2021. Loss from operations for Mobile Solutions was $0.5 million compared a loss of $0.3 million for the same period in 2021. Net loss was $2.2 million compared to a net loss of $3.4 million for the same period in 2021. The decrease in net loss was primarily driven by higher sales, lower incentive and stock-based compensation expenses, and an increase in the share of net income from the China joint ve
  evidence_url: https://www.sec.gov/Archives/edgar/data/918541/000091854122000119/0000918541-22-000119-index.htm
- Executive change
  Warren Veltman departed as President and Chief Executive Officer at NN INC.
  - Action: will be retiring
  - Role: President and Chief Executive Officer
  source text: On November 1, 2022, Warren Veltman announced that he will be retiring from his position as President and Chief Executive Officer, and John R. Buchan announced that he will be retiring from his position as Executive Vice President, Mobile Solutions and Power Solutions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/918541/000091854122000119/0000918541-22-000119-index.htm
- Executive change
  John R. Buchan departed as Executive Vice President, Mobile Solutions and Power Solutions at NN INC.
  - Action: will be retiring
  - Role: Executive Vice President, Mobile Solutions and Power Solutions
  source text: On November 1, 2022, Warren Veltman announced that he will be retiring from his position as President and Chief Executive Officer, and John R. Buchan announced that he will be retiring from his position as Executive Vice President, Mobile Solutions and Power Solutions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/918541/000091854122000119/0000918541-22-000119-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.