---
schema_version: "secwatch.filing_event.v1"
accession: "0000918541-23-000079"
form_type: "8-K"
ticker: "NNBR"
cik: "0000918541"
company_name: "NN INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:51:32.282890+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NN Inc. Q1 net loss widens to $10.2M; FY 2023 guidance cut

## Summary
- Net sales $127.1M, down 0.8% YoY; net loss $10.2M vs $3.3M loss in Q1 2022.
- Adjusted EBITDA $8.1M (6.4% of sales) down from $13.4M (10.5%).
- Adjusted EPS -$0.12 vs -$0.00; free cash flow use improved to $3.7M from $9.4M.
- Revised FY 2023 outlook: revenue $515-$545M, Adj. EBITDA $47-$57M, FCF $7-$17M.

## SEC filing metadata
- accession: 0000918541-23-000079
- form_type: 8-K
- ticker: NNBR
- cik: 0000918541
- company_name: NN INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918541/000091854123000079/0000918541-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918541/000091854123000079/nnbr-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000918541-23-000079
- JSON: https://secwatch.observer/filing/0000918541-23-000079.json
- Plain text: https://secwatch.observer/filing/0000918541-23-000079.txt

## Key facts
- Earnings Releases
  NN INC reported first quarter ended March 31, 2023 results: revenue $127.1 million, net income $10.2 million. Guidance lowered.
  - Period: first quarter ended March 31, 2023
  - Revenue: $127.1 million
  - Net income: $10.2 million
  - Guidance: lowered
  - Result: reported results
  source text: our cost structure through a 10% global reduction of indirect labor that will begin to benefit our results in the second quarter.” First Quarter GAAP Results Net sales were $127.1 million, a decrease of 0.8% from the first quarter of 2022, primarily due to reduced volume and unfavorable foreign exchange impacts, partially offset by ongoing pricing actions. Loss
  evidence_url: https://www.sec.gov/Archives/edgar/data/918541/000091854123000079/0000918541-23-000079-index.htm

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