NN Cuts FY24 Revenue Outlook From $485M - $505M To $465M - $485M, Est $494.881M

7/2/24 5:52:28 PM ET

Industrial Machinery/Components

Industrials

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As a result of this portfolio divestiture and debt reduction and deleveraging transaction, NN is revising its full-year 2024 outlook modestly as follows:

Adjusted EBITDA will be in the range of $47 million to $51 million (prior $48 million to $54 million)
Free cash flow will be in the range of $8 million to $12 million (prior $10 million to $15 million)
New business wins will be in the range of $55 million to $70 million (prior $55 million to $70 million).

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Date	Price Target	Rating	Analyst
4/15/2024	$6.00	Outperform	Noble Capital Markets
8/7/2023	$2.00 → $4.00	Hold → Buy	Lake Street
3/18/2022		Overweight → Sector Weight	KeyBanc Capital Markets
9/27/2021	$9.00 → $8.00	Overweight	Keybanc
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NN Cuts FY24 Revenue Outlook From $485M - $505M To $465M - $485M, Est $494.881M

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Recent Analyst Ratings for $NNBR

$NNBR Financials

Live finance-specific insights

NN, Inc. Reports Third Quarter 2024 Results

NN, Inc. to Reschedule Third Quarter 2024 Earnings Conference Call for Thursday, October 31, 2024

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$NNBR Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Benvenuti Raynard D. bought $37,400 worth of shares (10,000 units at $3.74) (SEC Form 4)

Director Harman Jeri J bought $24,930 worth of shares (6,849 units at $3.64), increasing direct ownership by 2% to 308,265 units (SEC Form 4)

Director Carroll Christina bought $20,013 worth of shares (5,702 units at $3.51), increasing direct ownership by 2% to 266,999 units (SEC Form 4)

$NNBR Press Releases

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NN, Inc. Executive Management to Present at the Gabelli Funds 48th Annual Automotive Symposium

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$NNBR SEC Filings

NN Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

NN Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by NN Inc.

$NNBR Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Benvenuti Raynard D. bought $37,400 worth of shares (10,000 units at $3.74) (SEC Form 4)

Director Harman Jeri J bought $24,930 worth of shares (6,849 units at $3.64), increasing direct ownership by 2% to 308,265 units (SEC Form 4)

Director Carroll Christina bought $20,013 worth of shares (5,702 units at $3.51), increasing direct ownership by 2% to 266,999 units (SEC Form 4)

$NNBR Leadership Updates

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SEC Form SC 13D/A filed by NN Inc. (Amendment)

SEC Form SC 13G/A filed by NN Inc. (Amendment)

SEC Form SC 13D/A filed by NN Inc. (Amendment)

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