Major Estimate Revision • May 13
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$452.2m to US$463.9m. Forecast EPS reduced from -US$0.645 to -US$0.725 per share. Machinery industry in the US expected to see average net income growth of 26% next year. Consensus price target of US$5.50 unchanged from last update. Share price fell 4.0% to US$2.37 over the past week. New Risk • May 08
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$12m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$12m). Currently unprofitable and not forecast to become profitable over next 2 years (US$5.7m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • May 08
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: US$0.25 loss per share (further deteriorated from US$0.23 loss in 1Q 2025). Revenue: US$118.5m (up 12% from 1Q 2025). Net loss: US$12.3m (loss widened 11% from 1Q 2025). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 9.9%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 15
NN, Inc. to Report Q1, 2026 Results on May 06, 2026 NN, Inc. announced that they will report Q1, 2026 results on May 06, 2026 Announcement • Apr 07
NN, Inc., Annual General Meeting, May 20, 2026 NN, Inc., Annual General Meeting, May 20, 2026. Location: hilton garden inn charlotte waverly, 7415 waverly walk avenue, United States Recent Insider Transactions Derivative • Mar 22
Insider exercised options and sold US$54k worth of stock On the 19th of March, D. Nixon exercised 44k options at a strike price of around US$1.23 and sold these shares for an average price of US$1.24 per share. This trade did not impact their existing holding. Since March 2025, Nixon's direct individual holding has decreased from 151.10k shares to 144.10k. Company insiders have collectively bought US$202k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Mar 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$12m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$74.3m market cap). Reported Earnings • Mar 06
Full year 2025 earnings released Full year 2025 results: Net income: (up US$54.0m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. New Risk • Mar 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$18m net loss in 3 years). Market cap is less than US$100m (US$76.8m market cap). Announcement • Mar 05
Nn, Inc. Provides Earnings Guidance for the Year 2026 NN, Inc. provided earnings guidance for the year 2026. For the year, the company revenues are expected to range between $445 to $465 million with modest organic growth coupled with new business launches, values may vary based on metals cost. Announcement • Feb 20
NN, Inc. to Report Q4, 2025 Results on Mar 04, 2026 NN, Inc. announced that they will report Q4, 2025 results After-Market on Mar 04, 2026 Announcement • Jan 20
NN, Inc. Appoints Ted White to Board of Directors and Strategic Committee, Effective January 20, 2026 NN, Inc. appointed Ted White to its Board of Directors, effective January 20, 2026. Ted White is co-founder and Managing Director of Legion Partners Asset Management. Ted White brings corporate governance and capital markets expertise to NN, Inc., enhancing the Board's capabilities in these areas. Ted White will join the Board’s Strategic Committee, which was formed to evaluate a broad range of strategic, financing and other alternatives to enhance shareholder value. The appointment of Ted White followed constructive engagement with Corre Partners Management, LLC, another large shareholder, which supports the appointment and Mr. White's membership on the Strategic Committee. Ted White is co-founder and a Managing Director of Legion Partners Asset Management, an institutional asset management firm. Prior to founding Legion Partners, Mr. White served in various functions with Knight Vinke Asset Management, a European-based investment management firm. Positions included Managing Director and Chief Operating Officer, where he was responsible for inance, operations, legal, marketing and client service functions. He is a former Deputy Director of the Council of Institutional Investors (CII), where responsibilities included policy development and implementation. Earlier in his career, Mr. White was a Portfolio Manager, Director of Corporate Governance, for the California Public Employees’ Retirement System (“CalPERS”), where he was responsible for all components of its Governance Program, including $3 billion in active management, policy development and implementation, proxy voting and focused engagement activities. Prior to CalPERS, Mr. White was an Investment Officer – Deputy State Treasurer at the California State Treasurer’s Office, where his duties included fixed income portfolio analysis and trading, among other responsibilities. He has served as a director of Clear Channel Outdoor Holdings, Inc. since 2024. Mr. White earned an MBA from California State University in Sacramento with a concentration in finance. He is also a Chartered Financial Analyst Charterholder. Announcement • Dec 15
NN, Inc. Announces Formation of A Strategic Committee of the Board of Directors NN, Inc. announced that the Board of Directors has formed a Strategic Committee to oversee a review of strategic and financial alternatives to further enhance shareholder value. The Strategic Committee is comprised of three independent directors, Raynard Benvenuti, Jeri Harman and Thomas Wilson, and has been tasked with evaluating a broad spectrum of strategic, financial and business configuration options for the Company. The Board has engaged Houlihan Lokey, a leading independent investment bank, as the Company’s financial advisor. Announcement • Nov 15
NN, Inc. Provides Earnings Guidance for the Full-Year 2026 NN, Inc. provided earnings guidance for the full-year 2026. For the year, the Company forecasts an inflection in year-over-year sales growth, including a forecast of year-over-year net sales growth in each fiscal quarter. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$434.5m to US$422.9m. Losses expected to increase from US$0.77 per share to US$0.85. Machinery industry in the US expected to see average net income growth of 18% next year. Consensus price target of US$5.75 unchanged from last update. Share price fell 4.3% to US$1.80 over the past week. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.14 loss per share (further deteriorated from US$0.13 loss in 3Q 2024). Revenue: US$103.9m (down 8.5% from 3Q 2024). Net loss: US$6.68m (loss widened 2.2% from 3Q 2024). Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Announcement • Oct 30
NN, Inc. Updates Earnings Guidance for the Full Year 2025 NN, Inc. updated earnings guidance for the full year 2025. NN is adjusting its full-year 2025 guidance for net sales, while reiterating the existing ranges on adjusted EBITDA, free cash flow, and new business wins, again guiding to the low-end of its ranges due to market uncertainties. Net sales to range between $420 to $440 million. Announcement • Oct 17
NN, Inc. to Report Q3, 2025 Results on Oct 29, 2025 NN, Inc. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 New Risk • Oct 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.1m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$16m net loss in 2 years). Market cap is less than US$100m (US$98.1m market cap). Announcement • Oct 02
NN, Inc. Announces Promotion of Gregg Cottage as Chief Information Officer and Chief Information Security Officer NN, Inc. announced the promotion of Gregg Cottage to serve as its new Chief Information Officer and Chief Information Security Officer. In this position, Mr. Cottage leads the Company’s information technology function, including its enterprise information security strategy. Mr. Cottage will report to Chris Bohnert, Senior Vice President and Chief Financial Officer. Mr. Cottage has over 30 years of IT experience. Prior to joining NN in 2014, he served in progressive IT roles for multiple Fortune 500 companies and their subsidiaries. His roles at NN included serving as Global IT Infrastructure Manager and Global Director, Information Technology before being promoted to his current position. Mr. Cottage holds a Bachelor of Science in Business Administration and has earned his Chief Information Security Officer (CISO) certification. Announcement • Aug 26
NN, Inc. Appoints Mohamad Farhat as Chief Technical Officer – Electrical, Defense and Medical NN, Inc. announced Mohamad Farhat has joined as its new Chief Technical Officer for its electrical, defense and medical businesses. In this position, Mr. Farhat will lead the technical engineering function for NN’s Power Solutions and Medical businesses, reporting to Tim French, Senior Vice President and Chief Operating Officer. NN has a distinct focus on electrical, defense and medical products and end markets. The appointment of Mr. Farhat will serve to strengthen NN’s customer solutions as it becomes a more innovation-focused partner. NN recently promoted Robert Esch to lead this initiative in the Mobile Solutions segment, which focuses primarily on the automotive and industrial end markets with high-end machining and grinding process technology solutions. Prior to joining NN, Mr. Farhat served as Vice President of Engineering for Commercial Vehicle Group, Inc., managing all development activity in their electrical design and prototype centers. Previously, he held roles of increasing responsibility and expanding market breadth and depth at such firms as Sumitomo, Rigaku, and Flex. He holds a Bachelor of Science in Biomedical and Electrical Engineering from Lawrence Technological University and a Master of Science in Electrical Engineering from Wayne State University. Reported Earnings • Aug 08
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$0.16 loss per share (further deteriorated from US$0.12 loss in 2Q 2024). Revenue: US$107.9m (down 12% from 2Q 2024). Net loss: US$8.10m (loss widened 34% from 2Q 2024). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Aug 07
NN, Inc. Reiterates Earnings Guidance for the Full Year 2025 NN, Inc. reiterated earnings guidance for the full year 2025. For the year, the company expects Net sales to range between $430 million to $460 million. Price Target Changed • Jul 31
Price target decreased by 14% to US$5.75 Down from US$6.67, the current price target is an average from 4 analysts. New target price is 195% above last closing price of US$1.95. Stock is down 48% over the past year. The company is forecast to post a net loss per share of US$0.67 next year compared to a net loss per share of US$1.11 last year. Announcement • Jul 25
NN, Inc. to Report Q2, 2025 Results on Aug 06, 2025 NN, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • Jul 23
NN, Inc. Appoints Timothy Erro as Chief Commercial Officer NN, Inc. announced Timothy Erro has joined as its new Vice President and Chief Commercial Officer. In this position, Mr. Erro will lead NN's global commercial team and report directly to Harold Bevis, President and CEO. Erro has more than 30 years of experience with electrical and electronic products across a wide variety of end markets and global geographies, including: On-road commercial vehicles;Vocational vehicles – buses, transit, refuse;Aerospace and defense platforms;Automotive passenger vehicles and trucks;Last mile delivery vehicles;Recreational vehicles – golf carts, ATVs, motorcycles;Off-road construction and agricultural equipment;Gas, diesel and hydrogen engines;Chassis and battery platforms;High and low voltage systems;Wide variety of connector systems; andWindshield wiper systems. Mr. Erro brings an extensive commercial and operations background with him. Prior to joining NN, he served as VP of Global Sales and New Business Development for Commercial Vehicle Group, Inc., and has had a focused set of sales and operations roles at Aptiv (formerly Delphi Automotive), Leoni Wiring Systems, General Motors, and United Technologies Automotive. A highlight of his engineering tenure includes leading the design and execution of fully functional concept vehicles for major global auto shows, showcasing advanced technology trends and innovations. Mr. Erro also proudly served 12 years in the US Navy reserves. He holds a Bachelor of Science in Mechanical Engineering from Youngstown State University. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$20m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$97.4m market cap). Recent Insider Transactions • May 18
CEO, President & Director recently bought US$109k worth of stock On the 14th of May, Harold Bevis bought around 50k shares on-market at roughly US$2.17 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Harold's only on-market trade for the last 12 months. Reported Earnings • May 08
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: US$0.14 loss per share (improved from US$0.34 loss in 1Q 2024). Revenue: US$105.7m (down 13% from 1Q 2024). Net loss: US$6.69m (loss narrowed 59% from 1Q 2024). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • May 08
NN, Inc. Reaffirms Earnings Guidance for the Year 2025 NN, Inc. reaffirmed earnings guidance for the year 2025. For the period, the company expects net sales to range between $430 to $460 million. Announcement • Apr 24
NN, Inc. to Report Q1, 2025 Results on May 07, 2025 NN, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 New Risk • Apr 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.8m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$15m net loss in 3 years). Market cap is less than US$100m (US$99.8m market cap). Announcement • Apr 03
NN, Inc., Annual General Meeting, May 15, 2025 NN, Inc., Annual General Meeting, May 15, 2025. Location: hilton garden inn charlotte waverly, 7415 waverly walk avenue, north carolina 28277., charlotte, United States Reported Earnings • Mar 06
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: US$0.79 loss per share (improved from US$1.35 loss in FY 2023). Revenue: US$464.3m (down 5.1% from FY 2023). Net loss: US$38.3m (loss narrowed 40% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Feb 21
NN, Inc. to Report Q4, 2024 Results on Mar 05, 2025 NN, Inc. announced that they will report Q4, 2024 results After-Market on Mar 05, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: US$0.052 loss per share (improved from US$0.18 loss in 3Q 2023). Revenue: US$113.6m (down 8.7% from 3Q 2023). Net loss: US$2.56m (loss narrowed 70% from 3Q 2023). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 29%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year. Announcement • Oct 18
NN, Inc. to Report Q3, 2024 Results on Oct 31, 2024 NN, Inc. announced that they will report Q3, 2024 results After-Market on Oct 31, 2024 Recent Insider Transactions • Aug 18
Independent Director recently bought US$68k worth of stock On the 14th of August, Joao Faria bought around 20k shares on-market at roughly US$3.41 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$555k more in shares than they bought in the last 12 months. Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: US$0.045 loss per share (improved from US$0.38 loss in 2Q 2023). Revenue: US$123.0m (down 1.8% from 2Q 2023). Net loss: US$2.20m (loss narrowed 88% from 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 18% per year. Announcement • Jul 26
NN, Inc. to Report Q2, 2024 Results on Aug 07, 2024 NN, Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Announcement • Jul 08
NN, Inc. Appoints Jami Statham as Senior Vice President, General Counsel and Corporate Secretary NN, Inc. 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. Statham brings more than 18 years of experience in the legal field. She first worked as an attorney in private practice, most recently in the corporate practice group of an AmLaw 200 law firm, and later as in-house counsel for three Tier 1 automotive suppliers. Before joining NN, Statham served as Deputy General Counsel for Nexteer Automotive. There, she was lead counsel for the North American division overseeing all legal matters including customer negotiations, supply chain matters, and litigation, in addition to other global responsibilities. She also held senior counsel positions at Autoneum North America and Akebono Brake Corporation. Major Estimate Revision • Jul 05
Consensus revenue estimates decrease by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$494.9m to US$402.6m. EPS estimate unchanged at -US$0.84 per share. Machinery industry in the US expected to see average net income growth of 16% next year. Consensus price target of US$6.75 unchanged from last update. Share price was steady at US$3.03 over the past week. Announcement • Jul 04
Davalor Mold Corporation entered into a definitive agreement to acquire Industrial Molding Corporation from NN, Inc. (NasdaqGS:NNBR) for $16 million. Davalor Mold Corporation entered into a definitive agreement to acquire Industrial Molding Corporation from NN, Inc. (NasdaqGS:NNBR) for $16 million on July 2, 2024. A key element of NN’s transformation and leadership plan is to progressively correct balance sheet back to market norms, pay down debt with the net proceeds from the transaction and continue to advance balance sheet initiatives. The Davalor and IMC teams will operate as separate business units. Parliament Capital Management provided lending for the acquisition. Thomas Blaige & Company LLC acted as financial advisor to NN, Inc. Greenberg Traurig, LLP and Varnum LLP acted as legal advisor to Blackford Capital. DLA Piper LLP (US) acted as legal advisor to Davalor Mold Corporation. Plante Moran advised on financial and tax diligence, and Signature Associates CRE brokered the Sale Leaseback transaction with STORE Capital. Announcement • Jul 03
NN, Inc. Revises Earnings Guidance for the Year 2024 NN, Inc. revised earnings guidance for the year 2024. For the year, the company expects revenue in the range of $465 million to $485 million. Announcement • Jun 25
NN, Inc. Announces Chief Financial Officer Changes NN, Inc. 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 succeeds Mike Felcher, who is departing the company to pursue other opportunities. Felcher will stay on as a consultant to assist with the transition. Bohnert has extensive experience in senior financial leadership roles at public and private equity companies, having most recently served as advisor to the CEO at Commercial Vehicle Group (CVG), and prior to that, EVP and CFO. In his role at CVG, he led a global team of 200 people across finance, accounting and IT, and helped lead a significant transformation of the company. Bohnert has also held senior financial leadership roles at Calumet, Titan International, Silgan Plastics and Fleischmann’s Yeast. Recent Insider Transactions • Jun 03
Independent Director recently sold US$741k worth of stock On the 29th of May, Raynard Benvenuti sold around 236k shares on-market at roughly US$3.14 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$623k more than they bought in the last 12 months. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. CEO, President & Director Harold Bevis was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • May 13
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.72 to -US$0.84 per share. Revenue forecast unchanged at US$494.9m. Machinery industry in the US expected to see average net income growth of 14% next year. Consensus price target of US$6.75 unchanged from last update. Share price fell 9.5% to US$3.44 over the past week. Announcement • May 08
NN, Inc. Revises Earnings Guidance for the Year 2024 NN, Inc. revised earnings guidance for the year 2024. For the year, the company expects revenue in the range of $485 million to $505 million. Reported Earnings • May 07
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: US$0.26 loss per share (improved from US$0.29 loss in 1Q 2023). Revenue: US$121.2m (down 4.6% from 1Q 2023). Net loss: US$12.5m (loss narrowed 5.2% from 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Apr 26
NN, Inc. to Report Q1, 2024 Results on May 06, 2024 NN, Inc. announced that they will report Q1, 2024 results After-Market on May 06, 2024 Announcement • Apr 05
NN, Inc., Annual General Meeting, May 14, 2024 NN, Inc., Annual General Meeting, May 14, 2024, at 10:00 US Eastern Standard Time. Location: Hilton Garden Inn Charlotte Waverly, 7415 Waverly Walk Avenue Charlotte North Carolina United States Agenda: To elect the seven directors each named here in to serve for a term of one year; to approve the Amended and Restated 2022 Omnibus Incentive Plan; to cast an advisory vote to approve the compensation of our named executive officers; to cast an advisory vote to ratify the selection of Grant Thornton LLP as our registered independent public accounting firm for the fiscal year ending December 31, 2024; and to vote on any other business as properly may come before the Annual Meeting. Announcement • Mar 13
NN, Inc. Provides Revenue Guidance for the Year 2024 NN, Inc. provided revenue guidance for the year 2024. The Company has provided a ranged outlook for the full year 2024 as follows: Revenue in the range of $485 million to $510 million. New Risk • Mar 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$26m net loss in 2 years). Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (8.0% increase in shares outstanding). Reported Earnings • Mar 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$1.07 loss per share (further deteriorated from US$0.83 loss in FY 2022). Revenue: US$489.3m (down 1.9% from FY 2022). Net loss: US$50.2m (loss widened 36% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Feb 28
NN, Inc. to Report Q4, 2023 Results on Mar 11, 2024 NN, Inc. announced that they will report Q4, 2023 results After-Market on Mar 11, 2024 Price Target Changed • Feb 02
Price target increased by 22% to US$5.50 Up from US$4.50, the current price target is an average from 2 analysts. New target price is 11% above last closing price of US$4.95. Stock is up 110% over the past year. The company is forecast to post a net loss per share of US$1.04 next year compared to a net loss per share of US$0.83 last year. Recent Insider Transactions • Dec 06
Independent Director recently bought US$119k worth of stock On the 30th of November, Rajeev Gautam bought around 50k shares on-market at roughly US$2.37 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$396k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2023 results: US$0.11 loss per share. Revenue: US$124.4m (down 2.2% from 3Q 2022). Net loss: US$5.06m (loss widened 1.2% from 3Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in the US. Announcement • Nov 08
Nn, Inc. Provides Revenue Guidance for Full-Year 2023 NN, Inc. provided revenue guidance for full-year 2023. For the period, the company expects revenue in the range of $487 million to $497 million. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$21m net loss in 2 years). Shareholders have been diluted in the past year (7.2% increase in shares outstanding). Market cap is less than US$100m (US$94.0m market cap). Announcement • Oct 24
NN, Inc. to Report Q3, 2023 Results on Nov 06, 2023 NN, Inc. announced that they will report Q3, 2023 results After-Market on Nov 06, 2023 Announcement • Aug 23
NN, Inc. Announces David Harrison as Chief Procurement Officer NN, Inc. announced the appointment of David Harrison, Chief Procurement Officer, effective immediately. In this role, he is responsible for leading and transforming the company’s procurement and supply chain function globally. Mr. Harrison brings more than three decades of experience in manufacturing, operations, and business transformation. He will report to Tim French, NN’s new Chief Operating Officer. A native of Michigan, Mr. Harrison has served in senior executive procurement, sourcing, and logistics roles in manufacturing for over three decades. His experience developing and implementing transformation initiatives including strategic realignment of sourcing and procurement teams, efficient inventory management, and cost management strategies have saved companies tens of millions of dollars. Mr. Harrison also has deep experience in procurement of NN’s top commodities of steel, copper, and freight. He holds a Bachelor of Arts degree in Economics from Albion College and an MBA from Michigan State University. New Risk • Aug 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$96.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$23m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (US$96.4m market cap). Announcement • Aug 11
NN, Inc. Appoints Tim French as Senior Vice President and Chief Operating Officer NN, Inc. announced the appointment of Tim French, Senior Vice President and Chief Operating Officer, effective August 10, 2023. In this role, he is responsible for leading the company’s operations team of approximately 3,000 employees in six countries and helping generate significant business transformation. Mr. French brings 35 years of experience in manufacturing, operations, and business transformation. He will report directly to Harold Bevis, NN’s new President and Chief Executive Officer. Over the past 13 years Mr. French, a native of Ontario, Canada, has served in COO and CEO roles for manufacturers where he successfully led transformation initiatives ranging from operational, restructuring, lean manufacturing, and post-M&A integration with a track record for substantial improvement in operational efficiency improvements, cost reduction, and capital management. He began his leadership career as a plant manager and has worked in operational, management, and leadership roles in packaging, equipment, and industrial manufacturing. Mr. French holds an MBA from the University of Athabasca. 
