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NN Inc
NASDAQ:NNBR

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NN Inc
NASDAQ:NNBR
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Price: 1.47 USD 2.8% Market Closed
Market Cap: $73.8m

NN Inc
Investor Relations

NN, Inc. engages in the design and manufacture high-precision components and assemblies primarily for the electrical, automotive, general industrial, aerospace and defense, and medical markets. The company is headquartered in Charlotte, North Carolina and currently employs 3,172 full-time employees. The firm combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies. Its segments include Mobile Solutions and Power Solutions. The Mobile Solutions segment has capabilities that can be utilized in numerous applications, including for use in battery electric, hybrid electric and internal combustion engine vehicles. The Power Solutions segment manufacture a range of products, including electrical contacts, connectors, contact assemblies, and precision stampings for the electrical end market and high precision products for the aerospace and defense end market utilizing its process technologies for optical grade plastics, thermally conductive plastics, titanium, Inconel, magnesium and electroplating. Its medical business includes the production of a range of tools and instruments for the orthopaedics and medical/surgical end markets.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 5, 2026
AI Summary
Q4 2025

Sales: Net sales were $104.7 million in Q4 and $422.2 million for full year 2025; management expects full-year 2026 sales of $445 million to $465 million.

Profitability: Adjusted operating income improved to $3.3 million in Q4 and $14.2 million for the year; adjusted EBITDA was $12.9 million in Q4 and $49.0 million for 2025 with margin expansion year-over-year.

Transformation: Heavy restructuring is largely complete (4 plant closures, ~800 roles right-sized); the company says it has eliminated dilutive commodity automotive work and is shifting into higher-value markets.

New business & pipeline: Won more than $200 million of new business since mid-2023 and $70 million+ in 2025; pipeline stands at over $800 million and 2026 new-win target is $70 million to $80 million.

Capital allocation: Doubling growth CapEx in 2026 (net CapEx roughly $20 million vs $10 million in 2025) to fund launches; company remains capital constrained and Board is reviewing strategic/financial options.

End-market color: Management highlighted data centers (first win), defense electronics, commercial vehicles, medical and electrical/grid as growth vectors while tempering expectations for global auto.

Near-term outlook: Q1 and early 2026 demand improving with healthy backlog and launches; company forecasts gross margin and adjusted EBITDA growth in 2026 and expects to continue cost reductions ($10 million target).

Key Financials
Net sales (Q4 2025)
$104.7 million
Net sales (Full-year 2025)
$422.2 million
Adjusted operating income (Q4 2025)
$3.3 million
Adjusted operating income (Full-year 2025)
$14.2 million
Adjusted EBITDA (Q4 2025)
$12.9 million
Adjusted EBITDA (Full-year 2025)
$49.0 million
Adjusted EBITDA margin (Q4 2025)
12.3%
Adjusted gross margin (Q4 2025)
18.8%
New business wins (since mid-2023)
more than $200 million
New business wins (Full-year 2025)
more than $70 million
Pipeline
$800 million
Average gross margin on new wins
about 25% to 27% (management cited ~27% in one place and average >25% elsewhere)
CapEx (net)
about $10 million in 2025; about $20 million expected in 2026
SG&A as % of sales
10.9%
Segment sales - Power Solutions (Q4 2025)
$45.5 million
Segment sales - Mobile Solutions (Q4 2025)
$59.3 million
Backlog / near-term demand
Management described a healthy shippable backlog entering Q1 2026 and strong order flow in recent months (especially commercial vehicles and defense)
Long-term EBITDA goal
$80 million by 2030
Earnings Call Recording
Other Earnings Calls

Management

Mr. Harold C. Bevis
CEO, President & Director
No Bio Available
Mr. Timothy M. French
COO & Senior VP
No Bio Available
Ms. D. Gail Nixon
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Christopher H. Bohnert CPA
Senior VP & Chief Financial Officer
No Bio Available
Ms. Jami Statham
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Verlin Bush
VP & Chief Commercial Officer
No Bio Available
Mr. David Harrison
Chief Procurement Officer
No Bio Available
Mr. Wern-Lirn Wang
President of Asia Pacific Region
No Bio Available

Contacts

Address
NORTH CAROLINA
Charlotte
6210 Ardrey Kell Road, Suite 600
Contacts
+19802644300.0
www.nninc.com
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