Highest-materiality recent filing
NN Inc. Q1 net sales +12% to $118.5M; raises FY2026 guidance on sales, EBITDA, new wins
Net sales $118.5M (+12.1% YoY); adjusted net income $1.0M ($0.02 EPS) vs adjusted loss of $1.4M.
NN, Inc. raises 2026 new business wins guidance to $80-$90M after strong Q1
Preliminary Q1 2026 net sales expected to grow YoY and exceed annual guidance run-rate.
NN reports Q4 net loss of $11.3M; guides 2026 EBITDA $50-60M, return to organic sales growth
Q4 2025 net sales $104.7M (-1.7% YoY); full-year net sales $422.2M (-9.1% YoY).
NN, Inc. appoints Legion Partners co-founder Ted White to board, enters cooperation agreement
Board expanded from 7 to 8 directors; Raymond T. (Ted) White appointed immediately.
NN, Inc. Board forms Strategic Committee to explore strategic alternatives
Strategic Committee comprises three independent directors: Raynard Benvenuti, Jeri Harman, Thomas Wilson.
NN Inc. Q3 sales down 8.5% to $103.9M; adjusted EBITDA up to $12.4M; narrows FY sales guidance
Net sales $103.9M (-8.5% YoY); Power Solutions +4.7%, Mobile Solutions -16.4%.
NN reports Q2 adjusted EBITDA $13.2M; guides FY sales $430-460M; sales down 2.4% pro forma
Net sales $107.9M, down 12.3% YoY (pro forma -2.4%); adjusted EBITDA $13.2M (12.2% margin).
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.
NN announces $16.4M new business wins in Q1 2025; raises 5-year EBITDA margin target to 13-14%
Q1 2025 new business awards of $16.4 million; total over $150 million since Q1 2023.
NN closes $128M term loan with Marathon Asset Management; refinances existing debt
New Term Loan Facility: $118M term loans + $10M delayed draw, matures April 2030.
NN, Inc. amends Oaktree term loan; relaxes leverage and liquidity covenants
Max Consolidated Net Leverage Ratio raised to 3.25x for Q1 2025, falling to 3.00x thereafter.
NN, Inc. Q4 sales $106.5M (-5.3%), adj EBITDA $12.1M; guides 2025 rev $450-480M, adj EBITDA $53-63M
GAAP EPS $(0.51) in Q4, $(1.11) FY; adjusted EPS $(0.02) and $(0.17).
NN Inc. announces record $73M new business wins in 2024, two-year total $136M
Full-year 2024 new business wins of $73M exceeded high end of guidance; 2023 was $63M, 2022 was $38.5M.
NN reports Q3 net loss of $2.6M, revenue down 8.7% to $113.6M; adjusted EBITDA margin 10.2%
Revenue $113.6M (-8.7% YoY); adjusted EBITDA $11.6M (10.2% margin) vs $14.5M (11.6%) prior year.
NN, Inc. entered into Amendment No. 4 to Term Loan Credit Agreement with Oaktree on August 29, 2024, requiring sale-leaseback proceeds to prepay outstanding principal.
NN, Inc. Q2 adjusted EBITDA rises 27.6% to $13.4M, reaffirms FY guidance
Net sales $123.0M, down 1.8% YoY; operating loss improved 47.5% to $2.1M.
NN sells non-core plastics plant for ~$16M, updates 2024 outlook
Definitive agreement to sell Industrial Molding Corp. plant to Davalor Mold Company (Blackford Capital) for ~$16M net cash.
NN Inc. appoints Chris Bohnert as CFO, replacing Mike Felcher effective June 25, 2024
CFO Mike Felcher resigned June 24, 2024; no disagreement with company; will consult at $230/hr for one month.
NN, Inc. Q1 2024: Adj. EBITDA $11.3M (+38.9% YoY); net sales $121.2M (-4.6% YoY)
Net sales $121.2M, down 4.6% YoY; operating loss improved to $4.8M from $7.1M.
NN Inc. reports Q4 2023 adjusted EBITDA up 28% to $10M; guides FY2024 EBITDA $47-$55M
Q4 2023 net sales $112.5M (-4.6% YoY); adjusted EBITDA $10.0M (+28% YoY); free cash flow $1.3M.
NN enters $16.8M sale-leaseback of three facilities, repays term loan
Sale-leaseback of three facilities for aggregate $16.8M; expected to close March 15, 2024.
NN Inc. Q3 adj EBITDA up to $14.5M (11.6% of sales); raises 2023 FCF guidance to $10-14M
Net sales $124.4M (-2.2% YoY); operating loss $2.7M; net loss $5.1M vs $2.2M prior year.
NN Inc. appoints Tim French as COO with base salary of $594K CAD and inducement equity grants
Tim French appointed SVP and COO effective August 10, 2023; reports to CEO Harold Bevis.
NN, Inc. Q2 sales flat at $125.2M; net loss widens to $14.4M; cuts FY guidance
Net loss of $14.4M, up from $8.6M loss a year ago; adjusted net loss $0.08/diluted share.
NN, Inc. appoints Harold Bevis as President and CEO effective May 22, 2023
Harold Bevis appointed President and CEO effective May 22, 2023, succeeding Warren Veltman who retires as planned.
the Board also announced that Christopher H. Bohnert has been appointed to fill the newly-created vacancy of Senior Vice President, Chief Financial Officer, effective as of the Transition Date.
On June 24, 2024, the Board of Directors (the “Board”) of NN, Inc. (the “Company”) announced that Michael C. Felcher, Senior Vice President, Chief Financial Officer, tendered his resignation from the Company, effective as of the close of business on June 24, 2024.
appointed Tim French as Chief Operating Officer, effective August 10, 2023
On July 12, 2023, each of Robert E. Brunner and Shihab Kuran, Ph.D. notified the Board of his decision to retire from, and resign as a member of the Board and any and all committees of the Board, effective August 23, 2023.
On July 12, 2023, each of Robert E. Brunner and Shihab Kuran, Ph.D. notified the Board of his decision to retire from, and resign as a member of the Board and any and all committees of the Board, effective August 23, 2023.
On June 17, 2023, Andrew Wall notified NN, Inc. (the “Company”) of his decision to resign from his position as the Company’s Senior Vice President and Chief Commercial Officer, effective June 30, 2023 (the “Separation Date”), to pursue another opportunity.
appointed Harold Bevis, the Company’s President and Chief Executive Officer, to fill the newly-created directorship, effective immediately.
Mr. Veltman will retire as the President and Chief Executive Officer of the Company and from the Board, effective as of the Transition Date.
Mr. Veltman will retire as the President and Chief Executive Officer of the Company and from the Board, effective as of the Transition Date.
On May 9, 2023, the Board of Directors (the “Board”) of the Company announced the appointment of Harold Bevis as the Company’s President and Chief Executive Officer, effective May 22, 2023
The Board also expects to appoint Mr. Bevis as a director of the Board, following the Transition Date.
On April 28, 2023, NN, Inc. (the “Company”) announced that due to health reasons, Matthew S. Heiter is resigning as the Company’s Senior Vice President, General Counsel and Secretary, effective immediately.
Max materiality 0.75 · Median 0.55 · Most common event other_material