NN announces $16.4M new business wins in Q1 2025; raises 5-year EBITDA margin target to 13-14%

NN INC

Q1 2025 new business awards of $16.4 million; total over $150 million since Q1 2023.
Raises five-year Adjusted EBITDA margin target range to 13-14%, up from prior 12-13%.
Reaffirms 2025 Adjusted EBITDA guidance; base business slightly below expectations but cost adjustments underway.
CEO states company is tracking ahead of five-year plan on profitability improvements.
Immaterial direct tariff impact due to indigenous US footprint strategy.

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