secwatch.observer — SEC 8-K summary
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Issuer:     NN INC (NNBR)
CIK:        0000918541
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000918541-25-000060
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 revenue $105.7M (-12.8% YoY); adj. EPS $(0.03) vs $(0.08); raises 5-yr EBITDA margin target to 13-14%
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- Q1 net sales $105.7M, down 12.8% YoY; GAAP EPS $(0.23), adjusted EPS $(0.03) improved from $(0.34) and $(0.08) in prior year.
- Pro forma adjusted EBITDA $10.6M (flat YoY); margin 10% vs 9.3% in Q1 2024; adj. operating income $2.0M vs ($0.7M).
- FY 2025 guidance: net sales $430-460M; adj. EBITDA $53-63M; initiating free cash flow guidance of $14-16M.
- Raised 5-year adjusted EBITDA margin target to 13-14%; expects $15M cost savings in 2025; new business wins $16.4M in Q1.
- Term loan refinancing completed post-quarter; tariff impact immaterial; medical pipeline at peak $40M+.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918541/000091854125000060/0000918541-25-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918541/000091854125000060/nnbr-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000918541-25-000060

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