secwatch.observer — SEC 8-K summary
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Issuer:     NN INC (NNBR)
CIK:        0000918541
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000918541-22-000119
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918541/000091854122000119/0000918541-22-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918541/000091854122000119/nnbr-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000918541-22-000119

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer