Noble Capital Markets initiated coverage on NN Inc with a new price target
$NNBR
Industrial Machinery/Components
Industrials
Noble Capital Markets initiated coverage of NN Inc with a rating of Outperform and set a new price target of $6.00
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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 |
| 8/9/2021 | $12.00 → $9.00 | Overweight | Keybanc |
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
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
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
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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
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
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
8-K - NN INC (0000918541) (Filer)
8-K - NN INC (0000918541) (Filer)
10-Q - NN INC (0000918541) (Filer)
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4 - NN INC (0000918541) (Issuer)
4 - NN INC (0000918541) (Issuer)
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).
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 with the transition.
Noble Capital Markets initiated coverage of NN Inc with a rating of Outperform and set a new price target of $6.00
Lake Street upgraded NN Inc from Hold to Buy and set a new price target of $4.00 from $2.00 previously
KeyBanc Capital Markets downgraded NN Inc from Overweight to Sector Weight
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
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
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