NN, Inc., a global diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has facilities in North America, Europe, South America, and Asia. For more information about the company and its products, please visit www.nninc.com. CHARLOTTE, N.C., July 08, 2024 (GLOBE NEWSWIRE) -- N ...

CHARLOTTE, N.C., July 02, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced it has entered into a definitive agreement to sell its lone plastics products plant known as Industrial Molding Corporation (IMC), to Davalor Mold Company, a wholly owned portfolio company of Blackford Capital. Total net cash proceeds will be approximately $16 million. "A key element of NN's transformation ...

CHARLOTTE, N.C., July 02, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced it has entered into a definitive agreement to sell its lone plastics products plant known as Industrial Molding Corporation (IMC), to Davalor Mold Company, a wholly owned portfolio company of Blackford Capital. Total net cash proceeds will be approximately $16 million. "A key element of NN's transformation ...

Joe Caminiti or Stephen Poe, Investors Tim Peters or Emma Brandeis, Media NNBR@alpha-ir.com 312-445-2870 CHARLOTTE, N.C., June 05, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, announced today that Harold Bevis, President and Chief Executive Officer, and Michael Felcher, Senior Vice President and Chief Financial Officer, will present virtually at the Sidoti Small Cap Virtual Conference on Ju ...

CHARLOTTE, N.C., June 05, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, announced today that Harold Bevis, President and Chief Executive Officer, and Michael Felcher, Senior Vice President and Chief Financial Officer, will present virtually at the Sidoti Small Cap Virtual Conference on June 13, 2024. The presentation will begin at 1:45 p.m. ET on Thursday, June 13, 2024, and can be accessed ...

CHARLOTTE, N.C., May 29, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced its Wuxi, China plant has earned 2023 "Excellent Quality" awards from two key global customers: NN earned these recognitions by delivering world-class, six sigma quality to the production lines of these customers. NN's customers' products and systems are used in the China auto production industry for fuel ...

财务数据和关键指标变化 - 第一季度净销售额为1.212亿美元,同比下降4.6% [14][19][20] - 调整后EBITDA为1130万美元,同比增长39% [14][22] - 调整后EBITDA利润率为9.3%,同比提升290个基点 [14][22] - 经营亏损为480万美元,同比改善230万美元 [21] - 调整后经营亏损为70万美元,略高于上年同期的40万美元 [21] 各条业务线数据和关键指标变化 动力解决方案业务 - 销售额为4820万美元,同比下降1.7% [24] - 调整后EBITDA为780万美元,同比增长14.7% [25] - 调整后EBITDA利润率为16.2%,同比提升290个基点 [25] 移动解决方案业务 - 销售额为7310万美元,同比下降6.4% [28] - 调整后EBITDA为860万美元,同比增长53.6% [29] - 中国合资企业业绩持续强劲 [30] 各个市场数据和关键指标变化 - 美国电网和电气化市场需求强劲 [24] - 北美工业市场相对2023年有所疲软 [47] - 中国汽车市场包括内销和出口机会蓬勃发展 [42] 公司战略和发展方向及行业竞争 - 公司正在进行全面的运营改善和成本优化举措 [9][10][23] - 公司正在通过整合管理层、优化人员和设施等方式提升盈利能力 [35][36][37][38] - 公司正在积极拓展新业务,2023年和2024年Q1共获得8000万美元新业务订单 [39][40][41][42] - 公司正在聚焦中国汽车市场、美国电网和电气化市场等增长领域 [42][43] - 公司正在审慎管控资本支出,优先利用现有产能满足新业务需求 [58][59][60][61][62][63] 管理层对经营环境和未来前景的评论 - 管理层对公司转型计划进展感到满意,预计将持续推动业绩改善 [7][8] - 管理层对公司的销售渠道、新业务拓展和成本优化措施充满信心 [12][17] - 管理层预计2024年全年净销售额、调整后EBITDA、自由现金流和新业务订单将保持增长 [45][46][47] - 管理层认为北美工业市场相对疲软,但公司在其他市场如中国汽车和美国电网仍有较强增长动能 [47][48][49] 问答环节重要的提问和回答 问题1 **Joe Gomes提问** 公司已经实现7家亏损工厂中3家恢复盈利,剩余4家何时能实现盈利? [52][53] **Harold Bevis回答** 公司已经实现7家亏损工厂中3家恢复盈利,剩余4家预计到2024年底能实现盈利,从亏损10%左右恢复到盈利5%左右。[53] 问题2 **John Franzreb提问** 公司是否有计划进一步优化产能利用率和产品组合? [86][87] **Harold Bevis和Tim French回答** 公司正在评估是否需要进一步整合产能和优化产品组合,预计未来1-2年内可能需要20-30%的产能优化。但具体计划还在制定中。[86][87][88] 问题3 **Mike Crawford提问** 公司预计通过进一步优化4家亏损工厂能增加10百万美元EBITDA,需要投入多少资本支出? [133][134][135][136][137][138][139] **Harold Bevis、Tim French和Mike Felcher回答** 公司预计通过优化4家亏损工厂能增加10百万美元EBITDA,其中恢复到盈亏平衡不需要太多资本支出,但进一步提升到5%利润率可能需要一定的产能整合和设备改造投资,具体金额公司正在评估中,将在下次财报时提供更多信息。[133][134][135][136][137][138][139]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39268 NN, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delawa ...

Forward Looking Statement & Disclosures First Quarter 2024 Earnings Call Except for specific historical information, many of the matters discussed in this presentation may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These statements may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relatin ...

Exhibit 99.1 NN, Inc. 6210 Ardrey Kell Road, Suite 120 Charlotte, NC 28277 FOR IMMEDIATE RELEASE NN, INC. REPORTS FIRST QUARTER 2024 RESULTS Business transformation continues to drive improved profitability and new business wins CHARLOTTE, N.C., May 6, 2024 – NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported its financial results for the first quarter ended March 31, 2024. Highlights "In the first quarter ...