secwatch.observer — SEC 8-K summary
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Issuer:     NN INC (NNBR)
CIK:        0000918541
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000918541-24-000113
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NN, Inc. Q2 adjusted EBITDA rises 27.6% to $13.4M, reaffirms FY guidance
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- Net sales $123.0M, down 1.8% YoY; operating loss improved 47.5% to $2.1M.
- Adjusted EBITDA $13.4M (10.9% margin) vs $10.5M (8.4% margin) in Q2 2023.
- Power Solutions segment income from ops $5.3M vs $2.6M; Mobile Solutions loss $1.6M vs $1.5M.
- Subsequent to quarter-end, sold plastics plant, used $15.4M to pay down debt.
- Reaffirmed FY2024 guidance: revenue $465-485M, adj. EBITDA $47-51M, FCF $8-12M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918541/000091854124000113/0000918541-24-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918541/000091854124000113/nnbr-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000918541-24-000113

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