NN Inc. announces record $73M new business wins in 2024, two-year total $136M

NN INC

Full-year 2024 new business wins of $73M exceeded high end of guidance; 2023 was $63M, 2022 was $38.5M.
Two-year total new wins $136M across 300+ programs; pipeline $720M (+40% YoY).
Five-year goal: $325M wins to drive $600M sales at 13% adjusted EBITDA margins.
Over 50 new programs launching in Q1 2025 from 11 plants globally, representing $20.8M annualized sales.
Received Cummins Innovation Award at year-end 2024 for work on new products.

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