secwatch.observer — SEC 8-K summary
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Issuer:     NN INC (NNBR)
CIK:        0000918541
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000918541-23-000079
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918541/000091854123000079/0000918541-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918541/000091854123000079/nnbr-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000918541-23-000079

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