secwatch.observer — SEC 8-K summary
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Issuer:     NN INC (NNBR)
CIK:        0000918541
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000918541-23-000121
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NN, Inc. Q2 sales flat at $125.2M; net loss widens to $14.4M; cuts FY guidance
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- Net loss of $14.4M, up from $8.6M loss a year ago; adjusted net loss $0.08/diluted share.
- Adjusted EBITDA of $10.5M (8.4% of sales) vs $10.9M (8.7%) in Q2 2022.
- Generated $3.0M free cash flow vs ($2.4M) use in prior year; trailing-year positive.
- Revised FY 2023 outlook: sales $485-505M, Adj. EBITDA $40-46M, FCF $7-13M.
- Power Solutions op income improved to $2.6M; Mobile Solutions op loss of $1.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918541/000091854123000121/0000918541-23-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918541/000091854123000121/nnbr-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000918541-23-000121

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