NN Cuts Top End Of FY24 Revenue Outlook; Revises Range From $485M-$510M To $485M-$505M, Est $496.325M

5/6/24 5:17:27 PM ET

Industrial Machinery/Components

Industrials

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Michael Felcher, Senior Vice President and Chief Financial Officer, commented, "Our strong transformation momentum continued in the first quarter of 2024, and we are both confirming and slightly tightening our full-year 2024 guidance ranges, which are underpinned by our operational initiatives and commercial prospecting."

Adjusted EBITDA in the range of $48 million to $54 million, ree cash flow in the range of $10 million to $15 million, New business wins in the range of $55 million to $70 million.

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Recent Analyst Ratings for
$NNBR

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
8/9/2021	$12.00 → $9.00	Overweight	Keybanc

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NN, Inc. Reports Third Quarter 2024 Results
CHARLOTTE, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2024. Highlights New business wins in the quarter were $15 million, bringing year-to-date and trailing-21-month totals to $49 million and $113 million, respectively; on pace with full-year guidance;Continuing to lower the cost structure of our North American Mobile Solutions footprint to achieve a minimum 10% adjusted EBITDA margin rate through footprint optimization and overhead cost reduction;China sales growth continues o
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NN, Inc. to Reschedule Third Quarter 2024 Earnings Conference Call for Thursday, October 31, 2024
CHARLOTTE, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, announced today that it has rescheduled the release of its third quarter 2024 financial results for the period ended September 30th, 2024. The Company will now publish its third quarter earnings one day earlier than its previously scheduled release, after the close of the market on Wednesday, October 30th, 2024. The Company will hold a related conference call on Thursday, October 31st, 2024, at 9:00 a.m. E.T. Participants on the call are asked to register five to ten minutes prior to the scheduled sta
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NN, Inc. to Hold Third Quarter 2024 Earnings Conference Call on Friday, November 1, 2024
CHARLOTTE, N.C., Oct. 17, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, announced today that it will release its third quarter 2024 financial results for the period ended September 30th, 2024, after the close of the market on Thursday, October 31st, 2024. The Company will hold a related conference call on Friday, November 1st, 2024, at 9:00 a.m. E.T. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing 1-877-255-4315 and from outside the U.S. at 1-412-317-6579. The conference call will be webcast simultaneously and
10/17/24 4:00:00 PM ET
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Leadership Updates

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NN, Inc. Selects Jami Statham as SVP & General Counsel
CHARLOTTE, N.C., July 08, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced the appointment of Jami Statham as the Company's new Senior Vice President, General Counsel and Corporate Secretary, effective immediately. Statham will report directly to NN's Chief Executive Officer, Harold Bevis. "We're excited to have Jami on board and leverage her deep experience guiding clients and companies through pivotal moments," said Harold Bevis, President and CEO of NN, Inc. "I've already seen firsthand that Jami is focused, calm under pressure, and not afraid to dig into pr
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NN, Inc. Announces Chris Bohnert as Chief Financial Officer
CHARLOTTE, N.C., June 24, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced the appointment of Chris Bohnert as Chief Financial Officer, effective June 25, 2024. Bohnert brings over 30 years of global manufacturing leadership experience as an accomplished CFO with significant experience in successful business transitions and deep accounting expertise. Bohnert will report directly to NN's Chief Executive Officer, Harold Bevis. Bohnert succeeds Mike Felcher, who is departing the company to pursue other opportunities. Felcher will stay on as a consultant to assist w
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NN, Inc. Announces Jeff Tritapoe as Vice President of Global Operations
CHARLOTTE, N.C., April 10, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced the appointment of Jeff Tritapoe as Vice President of Global Operations, effective April 10, 2024. In this newly created position, Jeff will be a key leader responsible for driving the company's operations team of approximately 3,000 employees in six countries and helping generate significant business transformation, margin enhancement and operational excellence. Mr. Tritapoe brings over 30 years of experience in manufacturing, operations and business transformation. He will report direc
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NN, Inc. Executive Management to Present at the Gabelli Funds 48th Annual Automotive Symposium
CHARLOTTE, N.C., Nov. 02, 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 Chris Bohnert, Senior Vice President and Chief Financial Officer, will be presenting at the Gabelli Funds 48th Annual Automotive Symposium on November 4, 2024 in Las Vegas. The presentation will begin at 11:20 a.m. PT (2:20 p.m. ET) on Monday, November 4, 2024. Investors interested in accessing the Company's presentation may register to access the live event here. All registrants will receive a link to the event upon registr
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NN, Inc. Reports Third Quarter 2024 Results
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NN Cuts Top End Of FY24 Revenue Outlook; Revises Range From $485M-$510M To $485M-$505M, Est $496.325M

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$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 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

NN, Inc. to Hold Third Quarter 2024 Earnings Conference Call on Friday, November 1, 2024

$NNBR Analyst Ratings

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Noble Capital Markets initiated coverage on NN Inc with a new price target

NN Inc upgraded by Lake Street with a new price target

NN Inc downgraded by KeyBanc Capital Markets

$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 Large Ownership Changes

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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)

$NNBR Leadership Updates

Live Leadership Updates

NN, Inc. Selects Jami Statham as SVP & General Counsel

NN, Inc. Announces Chris Bohnert as Chief Financial Officer

NN, Inc. Announces Jeff Tritapoe as Vice President of Global Operations

$NNBR Press Releases

Fastest customizable press release news feed in the world

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

NN, Inc. Reports Third Quarter 2024 Results

Gabelli Funds to Host 48th Annual Automotive Symposium at The Encore at Wynn, Las Vegas, Nevada

$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 Market Insights

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

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$NNBR
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