secwatch.observer — SEC 8-K summary
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Issuer:     NN INC (NNBR)
CIK:        0000918541
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000918541-24-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NN, Inc. Q1 2024: Adj. EBITDA $11.3M (+38.9% YoY); net sales $121.2M (-4.6% YoY)
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- Net sales $121.2M, down 4.6% YoY; operating loss improved to $4.8M from $7.1M.
- Adjusted EBITDA $11.3M (9.3% of sales) vs $8.1M YoY; free cash flow $0.3M vs -$3.7M.
- Power Solutions operating income $4.0M; Mobile Solutions operating loss $2.1M.
- New business wins $17.2M in Q1, cumulative $80M over last 5 quarters.
- FY2024 guidance: revenue $485-505M, adj. EBITDA $48-54M, FCF $10-15M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918541/000091854124000062/0000918541-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918541/000091854124000062/nnbr-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000918541-24-000062

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